"Shares of SanDisk ( NASDAQ:SNDK | SNDK Price Prediction) are down 9% to around $1,405 in Tuesday midday trading. Micron Technology ( NASDAQ:MU) stock is off 9% to $724, while Western Digital ( NASDAQ:WDC) shares have dropped 8% to $476. The coordinated pullback is hitting the entire memory and storage complex at once."
"The synchronized drop comes just one trading session after Friday's coordinated rally, when MU rallied 9%, SNDK gained 9%, and WDC climbed 3%. Today is the mirror image of that move, with the entire memory complex trading as a single thematic unit on AI memory supercycle sentiment."
"The year-to-date (YTD) numbers explain the setup. Heading into Tuesday's open, SNDK stock was up 552% YTD for 2026, WDC shares up 200%, and MU stock up 179%. The one-year picture is even more striking. SanDisk shares have surged 3,299% over the past 12 months, Western Digital stock is up 921%, and Micron stock has climbed 684%."
"Recent earnings from all three companies remain blowout. SanDisk's Q3 FY2026 results, posted April 30, showed EPS of $23.41 against $14.66 consensus and revenue of $5.95 billion, up 251% year over year. The datacenter segment jumped 645%, with CEO David Goeckeler citing a ""
SanDisk, Micron Technology, and Western Digital shares dropped sharply in synchronized trading, with each down roughly 8% to 9% around midday. The move followed a coordinated rally one session earlier, indicating the group is trading as a single thematic unit tied to AI memory sentiment. SanDisk led the declines and prior advances, consistent with higher volatility. The selloff aligns with very large year-to-date and one-year gains across all three names, which often trigger momentum traders to rotate out at the first sign of weakness. Despite the pullback, recent earnings results remain strong, with major year-over-year revenue and earnings outperformance and large datacenter growth reported for SanDisk.
Read at 24/7 Wall St.
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