Sandisk stock slides as AI jitters hit chip names again — what’s next for SNDK
Sandisk shares fell 3.5% to $604.75 Tuesday, hitting a low of $593.82 as memory stocks slid after the holiday. The drop followed broader market losses tied to AI disruption concerns and caution ahead of Federal Reserve minutes. Western Digital, Micron, and Seagate also declined. Sandisk, spun off from Western Digital last year, has surged recently on strong earnings and AI-driven demand.