🔴 SanDisk is trading 7.6% down today as memory-chip selloff extends on storage price peak warnings

SanDisk is trading at $6.23 (-7.57%) as it extends a sharp memory-chip selloff driven by reports of increased Chinese competition and warnings that storage prices may be nearing a peak.

• The downward pressure on DRAM and storage names comes despite a broader sector rally fueled by bullish AI demand.
• The decline appears idiosyncratic rather than macro-driven, as broader U.S. markets are trading higher today while SanDisk reacts to specific sector volatility.