🔴 Sandisk is trading 10.01% down today as rising Treasury yields pressure semiconductor shares

Sandisk is trading at $1608.01 (-10.01%) as memory-chip stocks sell off broadly.

• Shares are retreating after a powerful rally, including an 8.88% gain on August 17; Micron and Western Digital also declined.
• The August 13 Investor Day remains supportive, highlighting $93.9 billion in customer contract value; no new negative company-specific announcement was identified.
• Broader technology weakness and geopolitical uncertainty are adding pressure as the 30-year Treasury yield reaches 5.33%.