Sandisk is trading 3.4% down at $1636.34 after investors extended the September 10 memory-chip selloff, as Kioxia’s CEO said NAND prices had risen sufficiently.
- He instructed sales teams not to pursue substantial additional increases, tempering expectations for continued sector pricing gains.
- The comments prompted profit-taking in memory stocks after Sandisk’s recent rally.
- The decline came despite broader U.S. markets trading higher, highlighting sector-specific memory pricing concerns.