🔴 Sandisk is trading 5.2% down today on memory sector selloff and SK Hynix earnings miss

Sandisk is trading 5.2% down at $1,039.00 following a sharp selloff in memory and semiconductor names.

• The decline is driven by sector-wide weakness, including an earnings miss from SK Hynix, concerns over memory oversupply, and rising Chinese competition.
• Sandisk is extending a steep multi-day decline as the broader technology and chip sectors remain under significant pressure.