SANDISK CORP CEDEAR EACH 170 RE is trading at $9.84 (-9.48%) following a sharp selloff that tracks a broader decline in technology and semiconductor stocks.
- The Nasdaq Composite fell 1.53% as investors reacted to a stronger-than-expected May jobs report, triggering a risk-off sentiment across growth sectors.
- Semiconductor stocks are facing additional pressure following a disappointing outlook from Broadcom, which has weighed on sentiment across the chip industry.