SanDisk Corp. (SNDK) saw its shares drop sharply by 5.60% in pre-market trading on Monday, reflecting a broader downturn in the storage and memory-chip sector. The decline mirrored losses across peers, including Western Digital, Micron Technology, and Seagate, which also fell significantly during the session.
The sector-wide weakness was driven by cautious market sentiment, with investors awaiting key economic data and Federal Reserve Chair Jerome Powell's remarks for clues on future monetary policy. Memory-chip stocks, including SanDisk, were particularly hard hit, signaling risk aversion in the tech sector ahead of potential market-moving events.
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