SNDK is trading 4.9% down at $1,658.99 in pre-market as concerns grow about a potential AI compute and memory oversupply.
- Reports that Meta may lease excess data-center capacity have fueled worries about cooling demand for high-end memory hardware.
- Analysts are expressing skepticism regarding the sustainability of hyperscaler capital expenditure, a key driver for memory makers like SNDK.
- The stock is extending a significant downward trend following its June peak and a sharp selloff earlier in July.