Sandisk is trading at $1,232.80 (3.6% down) in after-hours trading as a reversal in the AI-driven memory-chip rally triggers sector-wide profit-taking.

  • The decline follows an 11% drop during regular hours on July 27, extending a sharp two-day slide from $1,610.33 on July 23.
  • Market sentiment shifted as enthusiasm surrounding the CXMT IPO cooled, leading to broader risk aversion across the semiconductor industry.