TradingKey – On July 27 ET, SanDisk ( SNDK) plunged over 14% intraday to a low of $1,226.9, marking its lowest level since early May. Reportedly, Chinese memory chip maker ChangXin Storage went public today, completing an $8.6 billion initial public offering. The stock skyrocketed 466% on its trading debut, reflecting market confidence in China’s growing market share in memory chips.

Analysts at Counterpoint Research stated that the commodity DRAM and NAND markets, which have a higher degree of standardization, could be impacted by Chinese memory manufacturers, and the industry’s competitive landscape and investment logic are undergoing structural changes. Meanwhile, High Bandwidth Memory (HBM), with its extremely high technical…