🔴 Sandisk is trading 6.3% down today as investors take profits following an AI-driven rally

Sandisk is trading 6.3% down at $1776.32 as the stock undergoes a sentiment and valuation reset following a sharp multi-day AI-driven rally.

• The decline reflects growing concerns among investors that the AI memory boom is already fully priced into the stock at current levels.
• Market action suggests a broader profit-taking trend across memory names, driven by stretched expectations rather than a shift in negative fundamentals.