🔴 Sandisk is trading 3.4% down today amid a broader memory-chip sector pullback

Sandisk is trading 3.4% down at $1,555.00 in pre-market trading, tracking a broader decline in memory-chip and DRAM stocks.

• The move follows disappointing results and heavy AI capital expenditure from major tech companies like Alphabet and Tesla, sparking concerns over the profitability of large-scale AI investments.
• The decline gives back part of last week’s sharp rally as the broader semiconductor sector faces pressure.
• No company-specific news or earnings updates have surfaced to explain the drop.