Sandisk shares fell about 5.3% in mid-day trading on Wednesday, last trading at $1,403.34 versus a previous close of $1,482.33. Volume reached 7,131,299 shares, 53% below the average daily volume. The article links the drop to concerns that China's CXMT could intensify server-memory competition, a multiday slide in memory stocks, hotter-than-expected U.S. inflation and a broader tech selloff. Offsetting this, Sandisk has at least $93.9 billion in expected revenue from multi-year contracts, was upgraded by Zacks to 'strong buy', and its board authorized a $14.00 billion buyback; the consensus rating is 'Moderate Buy' with a $2,120.65 price target.
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