SanDisk (SNDK) Stock; Plunges 14% as China NAND Threat Wipes Out $49B Market Value

TLDRs;

• SanDisk shares plunged as investors feared rising Chinese NAND competition could pressure future margins.
• The two-day selloff erased nearly $49 billion in market value despite strong earnings guidance.
• China’s semiconductor expansion raised concerns over NAND supply growth and pricing pressure.
• Investors now await SanDisk’s earnings report and outlook for future AI-driven demand.

SanDisk Corporation (NASDAQ: SNDK) stock plunged about 14% as investors grew concerned that China’s expanding semiconductor industry could increase competition in the NAND memory market. The selloff wiped out nearly $49 billion in market value over two sessions, making SanDisk one of the biggest decliners among chip stocks.

The pressure followed concerns that China’s semiconductor support programs could accelerate the growth of domestic memory producers, including NAND competitor Yangtze Memory Technologies Corporation (YMTC). While SanDisk does not directly compete with CXMT, which focuses on DRAM, investors fear broader Chinese chip expansion could eventually weigh on NAND pricing.

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