Why Is SanDisk (SNDK) Stock Price Down 11.02% Today, July 27? China Memory Fears Hit NAND Valuations

SanDisk slid 11.02% amid a sector-wide de-risking in memory/storage equities after renewed concerns that China could add meaningful memory capacity, potentially pressuring NAND pricing expectations. Reports cited CXMT's Shanghai debut as a catalyst for reassessing future competitive supply, even without SanDisk-specific negative disclosures. Broad peer weakness (e.g., other storage and memory names) reinforces that the move reflects repricing of cycle and scarcity premiums.