SanDisk is trading at $1,493.61 (-3.5%) as U.S. equities decline following hotter-than-expected April CPI data and escalating Middle East geopolitical tensions.
- The stock is tracking a broader semiconductor selloff, with the NASDAQ Composite down 0.70% as inflation concerns weigh on Federal Reserve rate-cut expectations.
- The decline marks a pullback from Friday's record highs, exacerbated by surging energy prices with Brent crude rising above $107 per barrel.
- No company-specific news has been reported; the movement aligns with sector-wide pressure on memory chip and storage providers.