SNDK is trading at $510.60 (-3.23%), extending losses amid sharp market declines driven by Microsoft earnings weakness and broader AI cost concerns dragging the tech sector.
- The decline occurs despite no company-specific news being released today, ahead of the scheduled Q2 report after the close.
- Pre-market analyst upgrades, including Lynx Equity raising its target to $750 (from $300), were unable to counter the strong sector rotation out of tech.