Why SanDisk (SNDK) fell 11.24%
SanDisk (SNDK) fell 11.24% on July 29, 2026 — China roadblocks hit SanDisk and chip stocks.
What happened
US tightened chip export restrictions to China, directly hitting memory/storage makers like SanDisk.
Why it moved
China is a key market for SanDisk; export barriers shrink addressable revenue and force downward earnings repricing.
Why it matters
The AI memory supercycle is intact, but geopolitical supply-chain fragmentation is narrowing sector growth trajectories — US-China tech conflict is now a structural demand headwind for memory chips.
What would break the thesis
If Beijing eases restrictions or SanDisk shows it can pivot revenue to non-China markets, much of this downside reverses.