SanDisk is trading 17.7% down at $6.86 amid an aggressive ongoing selloff in memory-chip stocks linked to DRAM price concerns and rising Chinese competition.
- The decline extends a slide from July 27, when shares fell 10.9% following a Credit Suisse warning that storage prices may be peaking.
- Market sentiment is further pressured by worries surrounding CXMT’s IPO and broad weakness across semiconductor and AI sectors.
- The selloff comes as investors brace for major technology earnings reports and the upcoming Federal Reserve meeting.