SanDisk Corp. (SNDK) saw its shares drop 5.02% in pre-market trading on Monday, reflecting a broader downturn in the storage and memory-chip sector. The decline was part of a wider sell-off affecting peers like Western Digital, Micron Technology, and Seagate, which also fell significantly during the session.
The sector-wide weakness comes amid a cautious market environment, with investors awaiting key economic data and Federal Reserve Chair Jerome Powell's remarks for clues on future monetary policy. Memory-chip stocks, including SanDisk, were particularly hard hit, signaling risk aversion in the tech sector ahead of potential market-moving events.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.