How much did SanDisk stock fall last week?

SanDisk lost 26%, closing at $1,745, becoming the biggest loser on the Nasdaq.

Were Micron and Palantir also affected?

Yes, Micron (MU) fell over 10%, and Palantir (PLTR) also posted double-digit losses.

Chip Stocks Plunge; Micron and Palantir Among Losers

Chip stocks experienced a significant sell-off last week, with SanDisk Corp. (SNDK) plunging 26% to close at $1,745, becoming the biggest loser on the Nasdaq. Micron (MU), Palantir (PLTR), Western Digital, Seagate, and Teradyne also posted double-digit weekly declines.

July 5, 2026

1 min read

Source: TheStreet

Key Numbers

SNDK weekly decline

26%

SNDK closing price

$1,745

Chip stocks faced a sharp sell-off during the holiday-shortened week, according to Seeking Alpha. SanDisk Corp. (SNDK) led the Nasdaq losers, ending Thursday at $1,745 per share, down 26% for the week.

Reasons for the Decline

No single catalyst was identified, but the drop comes amid broader concerns about memory and semiconductor demand. Other chip stocks joining the slide include:

Micron (MU): Fell over 10% for the week.
Western Digital (WDC): Declined double digits.
Seagate (STX): Similar losses.
Teradyne (TER): Also down.

Broader Context

The decline follows a strong rally in chip stocks, suggesting profit-taking or a correction. Demand outlook for memory remains uncertain due to potential economic slowdown.

What It Means for Investors

Sharp moves in chip stocks highlight the sector's sensitivity to demand and supply shifts. Investors should watch upcoming earnings reports and guidance for directional cues.

Frequently Asked Questions

No single catalyst was cited; it may be profit-taking after a rally or concerns about slowing demand for memory and semiconductors.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.