Sandisk CorpSNDK
Mentioned
Sandisk and other major memory chip stocks experienced a sharp sell-off, marking the first broad test of the AI memory trade since Sandisk's spinoff. The decline followed a historic drop in South Korea's Kospi and growing concerns about the sustainability of AI-related memory spending. Sandisk's stock, which had surged 613.4% year to date to a recent price of $1,963.60, fell 1.4% over the past week, though it remains highly elevated on a one-year view. The pullback has intensified scrutiny of the multi-year AI memory thesis and brought volatility and profit-taking into focus, with investors now watching how closely the stock trades with broader memory chip indices and South Korean ETF flows.
Sandisk Corp