Why SanDisk (SNDK) fell 13.90%
SanDisk (SNDK) fell 13.90% on August 6, 2026 — SanDisk earnings miss triggers memory sector selloff.
What happened
SanDisk reported earnings that the market read as disappointing, triggering a 13.9% drop as the flash-memory player was explicitly cited among tech's biggest earnings losers.
Why it moved
Flash-memory pricing pressure and weak demand outlook from the earnings call are eroding unit economics; the selloff reflects both the specific read-through on inventory and demand timing, and a broader reset in…
Why it matters
The AI Memory supercycle is experiencing its first real hiccup — the pricing premium that sustained flash and NAND margins is reversing as new capacity comes online and HBM oversupply fears mount.
What would break the thesis
Analyst commentary reframing the demand weakness as seasonal or temporary could spark a relief bounce; any clarification that competitive pricing is stabilizing would also challenge the bearish thesis.