SANDISK CORP CEDEAR EACH 170 RE is trading at $9.77, down 10.1% today as technology and semiconductor stocks face pressure from stronger-for-longer interest rate concerns.
- The decline follows robust U.S. jobs data and rising Treasury yields, which are weighing on growth-oriented and rate-sensitive assets.
- The move reflects a broader risk-off sentiment across the chip sector rather than any new, company-specific developments for Sandisk.