SanDisk Plunges 45% in a Month as AI Memory Valuations Reprice
Updated
Updated · Yahoo Finance · Aug 3
SanDisk Plunges 45% in a Month as AI Memory Valuations Reprice
3 articles · Updated · Yahoo Finance · Aug 3
Summary
SanDisk shares have fallen 45% over the past month after a rally of more than 100% in the two months through late June unraveled.
42.77x trailing earnings left SanDisk exposed when investors reassessed memory and storage valuations and questioned whether AI-driven NAND demand could keep growing at the earlier pace.
The selloff spread across peers: Micron dropped 26.82%, Western Digital fell 12.78%, and SK Hynix's U.S. ADRs slid 12.98%, with SK Hynix holding up better on HBM strength and its NVIDIA ties.
Roundhill's DRAM memory ETF sank 30.03% over the same period, showing that broader sector exposure has offered little protection as semiconductor sentiment cooled.