Why SanDisk Stock Is Sinking Today
Key takeaways
- The memory technologies company s share price was down 7.4% as of 11:50 p.m.
- While there isn t any major, business-specific news for San Disk today, the company s share price is moving lower in response to macroeconomic risks.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
Keith Noonan, The Motley Fool Fri, June 5, 2026 at 11:15 PM GMT+7 3 min read SNDK NVDA ^GSPC ^IXIC Tech stocks are getting hit with big pullbacks in Friday s trading, and San Disk (NASDAQ: SNDK) stock is getting hit with a significant sell-off. The memory technologies company s share price was down 7.4% as of 11:50 p.m. ET. At the same point in the daily session, the S&P 500 was down 1.4%, and the Nasdaq Composite was down 2.4%.
While there isn t any major, business-specific news for San Disk today, the company s share price is moving lower in response to macroeconomic risks. The latest jobs report from the Bureau of Labor Statistics (BLS) has investors worried that the Federal Reserve will hike interest rates this year, and that could hurt the rally for artificial intelligence (AI) stocks.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »