🔴 Sandisk is trading 12.1% down today on profit-taking and Chinese DRAM competition concerns

Sandisk is trading at $1,118.37 (-12.14%) as a memory-chip selloff accelerates due to profit-taking and competition concerns.

• The decline is tied to renewed worries regarding Chinese DRAM competition, with memory stocks falling sharply across the group.
• Broader chip weakness and a risk-off tone in the technology sector are adding further pressure to the stock price.