Why SanDisk (SNDK) fell 7.34%
SanDisk (SNDK) fell 7.34% on November 13, 2026 — AI memory selloff as Nvidia's slide drags chips.
What happened
SanDisk fell 7.3% alongside the memory group as chipmaker weakness, led by Nvidia's slide, overshadowed inflation data and pulled the S&P 500 and Nasdaq lower. The move was sector-wide, not driven by company news.
Why it moved
Memory names carry high beta to the AI chip complex, so when Nvidia and other chipmakers sell off, memory stocks tend to fall harder. SanDisk moved in step with that group selloff.
Why it matters
The AI Memory theme rests on AI server demand lifting memory and storage pricing. Today shows how closely these names still track broader AI-chip sentiment, even when their own fundamentals are unchanged.
What would break the thesis
If chip leadership stabilizes and memory pricing holds, the group should recover with it. A sustained break in AI chip sentiment, or doubts about neocloud demand, would extend the pressure.