Sandisk is trading 3.1% down now at $1529.71 as investors sell memory-chip stocks following calls from Anthropic and OpenAI leaders to slow frontier-AI development.

  • Concern is growing that slower model development could weaken future AI-hardware demand, while new memory capacity may arrive before demand, creating oversupply risk.
  • The decline follows continued pressure after Kioxia tempered expectations for further NAND price increases.