SanDisk (SNDK) Stock Falls 6% as DeepSeek AI Model Sparks Memory Sector Sell-Off
TLDR
- SanDisk stock fell nearly 6% in premarket trading Monday, touching $1,542.06
- The drop follows DeepSeek’s V4.1 Flash model release, which showed dramatic cuts in memory and storage needs
- Sector peers Micron, Western Digital, Seagate, and SK Hynix all fell between 4% and 7%
- Nasdaq futures dropped 1.78% and S&P 500 futures fell 0.79% as tech stocks faced broad selling
- Analysts still hold a consensus Buy rating on SNDK with an average price target of $2,190.50
SanDisk stock dropped nearly 6% in premarket trading Monday, with the stock hitting $1,542.06. The move came as investors pulled back from memory and storage names following fresh concerns about AI hardware demand.
The trigger was DeepSeek’s V4.1 Flash model release. The new AI architecture showed it can run with far less High Bandwidth Memory and solid-state drive storage than previous generations. That raised a question investors did not want to sit with: what happens to long-term NAND flash demand if AI developers widely adopt this kind of efficiency?
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