Sandisk is trading 10.1% down at $1,448.00 following disappointing quarterly guidance and renewed concerns over NAND flash price contractions.
- Analysts downgraded the stock citing margin concerns, while broader sector weakness is being fueled by AI capex worries and liquidity issues within the memory-chip group.
- The sharp selloff reflects a wider retreat in semiconductor stocks as investors react to projected price declines in the NAND market.