• Sandisk (NasdaqGS:SNDK) has been hit by a sharp selloff in global tech and memory chip stocks, reversing a year of strong momentum.
• The pullback followed a market-wide decline led by South Korean chip stocks, with US-listed chip companies moving lower in tandem.
• The drop comes after a long stretch of optimism around AI-related demand and supply tightness in memory.
• Investors are reacting to profit-taking, concerns about debt-funded AI spending, and questions about how much future growth is already reflected in valuations.

For Sandisk, the reversal comes after a powerful run, with the stock up 32.8% over the past month and a very large gain year to date from a share price now at $1,963.60. The stock’s value score of 1 and its very…