🔴 SNXX is trading 7.4% down today as AI-spending concerns hit memory stocks

SNXX is trading 7.4% down now at $13.47 after its underlying Sandisk shares weakened alongside the broader memory-storage group.

• SanDisk and Micron fell more than 5% premarket as investors reassessed the outlook for AI infrastructure spending.
• Reports cited industry calls to slow advanced-AI development; the Nasdaq was down 0.76%, adding broader technology-sector pressure.
• SNXX also showed heavy premarket activity, with 2.88 million shares reported.