Sandisk experienced downward price pressure as selling momentum extended across memory and semiconductor equities, largely driven by news of emerging global competitive threats and broader profit-taking in AI hardware stocks. Investors reacted to reports that Chinese memory producer ChangXin Memory Technologies achieved a design breakthrough in high-density memory targeted at artificial intelligence data centers. The prospect of expanded international supply capacity triggered concerns over potential long-term pricing compression in flash storage, weighing on sentiment across enterprise NAND and DRAM manufacturers.

The intraday weakness was further amplified by…