SanDisk (SNDK) closed down 5.88% at $473.83, as the semiconductor sector was broadly impacted by Intel's significant 17% plunge following a weak outlook, despite no major company-specific news.
- The recent rally in SNDK has been supported by ongoing AI-driven storage demand and persistent NAND shortages.
- High short interest, currently at 7.5%, introduces potential squeeze risks ahead of the company's earnings report due on January 29.
- After-hours trading remained flat, settling slightly lower at $473.58.