Sandisk is trading 11.2% down at $1,286.69 after an early memory-chip rally tied to AI demand and the CXMT IPO sharply reversed during regular trading.
- The broader DRAM/memory sector is down approximately 4.4%, suggesting widespread profit-taking and renewed risk aversion following last week’s volatility.
- There are no company-specific news or fundamental developments today, indicating the decline is driven by broader market sentiment rather than internal factors.