Why Sandisk Stock Tumbled 47% in July
Sandisk's stock fell 47% in July amid a broad decline in AI-related stocks. There was little company-specific news on Sandisk specifically; the drop was driven by waning investor confidence in the AI boom rather than events tied to the company itself.
Why it matters — A SNDK watcher would care because the sharp decline signals that Sandisk's share price is sensitive to swings in sentiment around AI-related stocks, even in the absence of company-specific developments.