SNDK is trading 2% down now at $1,991.57 after extending a sharp July 1 selloff. The stock fell about 10% on July 1 as memory and AI chip names sold off on profit-taking, sector rotation away from high-momentum semiconductors, and broader weakness in memory stocks including Micron and Western Digital.[1][2][7] Today’s additional decline comes as that pressure persists, with no new company-specific negative developments reported so far.[1][2][7]