🔴 SNDK is trading 4.4% down today as geopolitical escalation and surging oil prices trigger a global selloff

SNDK is trading at $607.16, down 4.4% today as geopolitical escalation and surging oil prices trigger a broad market selloff.

• U.S. and Israeli strikes on Iran have caused oil to surge 13% following the closure of the Strait of Hormuz, which threatens 20% of global oil flow.
• Tech stocks are under increased pressure as hotter-than-expected inflation data delays Federal Reserve rate cut expectations, shifting investor sentiment toward risk-off.
• The decline is driven by macro headwinds rather than company-specific news, as SanDisk recently reported a Q2 earnings beat with 61% revenue growth fueled by AI demand.