On July 17, Sandisk fell 3.12% in after-hours trading to approximately $1,364.68/share, with turnover of $262 million. The stock had already plunged 12.63% during the regular session, with post-market selling continuing the downward momentum.
On the news front, concerns over the storage super-cycle peaking continued to dominate market sentiment. Chang Xin Memory Technology's IPO introduced fresh competitive pressure into the NAND space, triggering concentrated profit-taking across the storage sector. The VanEck Semiconductor ETF fell 3.70% on the day, while peers including SK Hynix, Micron Technology, and Western Digital all suffered sharp declines, reflecting broad-based sector selling pressure.
Although institutional research suggests NAND flash supply-demand tightness will persist into 2027 with AI datacenter expansion sustaining enterprise SSD procurement demand, short-term bull-bear divergence has intensified significantly. Hedge funds have been net sellers of the information technology sector for consecutive weeks, amplifying downside momentum.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)