Sandisk is trading at $1,053.04 (-3.93%) in pre-market as memory and semiconductor stocks face heavy sector pressure.
- The downturn is driven by an earnings miss from SK Hynix, fueling investor worries over market oversupply and rising Chinese competition.
- This move extends a sharp two-day slide for the stock, which had already declined 6.1% during after-hours trading on July 28.