Why Is SanDisk (SNDK) Stock Price Down 9.01% Today, August 18? AI Chip De-risking Knocks Memory Leaders Lower

SanDisk fell ~9% amid a broader AI-hardware de-risking episode tied to rising bond yields and a sharp semiconductor index decline, with similar drawdowns across memory peers. The move appears macro/positioning-driven rather than company-specific, highlighting sensitivity of high-beta AI storage exposures to rate-driven discounting and crowded positioning. Near-term focus shifts to whether the selloff stabilizes across semis and memory, versus further breadth deterioration.