We recently published a list of 10 Firms Take a Beating on Tariff Worries. In this article, we are going to take a look at where Sandisk Corp. (NASDAQ:SNDK) stands against other Thursday’s worst performers.

Wall Street’s three major indices suffered a bloodbath on Thursday as investors continued to digest news of President Donald Trump’s tariff rollout on imports.

The tech-heavy Nasdaq fell the heaviest, down by nearly 6 percent. The S&P 500 dropped by 4.84 percent and the Dow Jones was down by 3.98 percent.

Ten individual stocks, predominantly under the retail sector, mirrored a broader market pessimism, finishing the day in the negative territory as investors sold off positions to mitigate risks.

In this article, we named Thursday’s worst performers and detailed the reasons behind their drop.

To come up with the list, we considered only the stocks with $2-billion market capitalization and $5 million in trading volume.

Sandisk Corp. (NASDAQ:SNDK)

Sandisk dropped its share prices by 19.74 percent on Thursday to finish at $38.26 apiece as investors disposed of positions to mitigate the risks from the ongoing trade tensions between the US and its trading partners.

As a company that develops, designs, and manufactures data storage solutions, the company is expected to feel the tariff impact from higher costs of raw materials.

Last month, Cantor Fitzgerald assigned SNDK an “overweight” rating and a price target of $60 apiece on the back of positive factors, including a projected recovery in the NAND market in the second half of the year, a strong balance sheet, and robust free cash flow generation facilities.

It also earned an overweight rating and an $84 price target from Morgan Stanley.

Overall, SNDK ranks 9th on our list of Thursday’s worst performers. While we acknowledge the potential of SNDK as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SNDK but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.