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Micron sells DRAM and NAND flash products, including SSDs and managed NAND, to cloud, mobile, PC, automotive, industrial, and consumer markets. That puts it in the same flash-storage space as Sandisk, so both companies are fighting for the same storage designs inside customer systems.
As of Jun 23, 2026
For informational purposes only.
Sandisk Sinks 14% as AI Chip Fever Finally Takes a Breather
Sandisk had a rough day: the stock dropped about 14% on slightly heavier-than-normal trading after one of the wildest runs you’ll ever see in a big company. The main story isn’t “Sandisk suddenly turned into a bad business”; it’s that the whole AI chip and memory trade hit an air pocket at the same time a lot of people were sitting on huge gains.
If you own the stock, today is a reminder that this name can move like a roller coaster, both up and down. If you’re just watching from the sidelines, it’s a good example of how even great stories can be very bumpy in the real world.
Sandisk closed around $1,964, down about 14% from yesterday. The stock traded a bit more than its usual volume, which suggests there was genuine selling pressure, but not a full-on panic.
This wasn’t just a “Sandisk problem” day:
Sandisk trades in the same “AI memory” bucket as Samsung, SK Hynix, and Micron. When that group is getting hit, Sandisk usually gets hit too, and that’s what played out.
