SanDisk (SNDK) is trading down 4.08% at $396.75 in pre-market trading, mirroring a broader market decline fueled by risk-off sentiment following Trump's Greenland tariff threats on European nations.
- The decline is consistent with sharp drops in the major indices, including the S&P 500 (-1.82%) and the NASDAQ (-2.20%).
- The stock's recent rally was previously supported by strong demand for AI memory and optimism surrounding its BiCS8 technology and upcoming earnings report.
- Analysts currently maintain a Moderate Buy consensus, although some price targets, such as $290, suggest potential downside from current peaks.