AI storage sector plunges collectively! SanDisk drops more than 12% in a single day—will the storage cycle be near its peak?

US stock storage chip stocks fell across the board. SanDisk (SNDK) sank 12.63%, closing at $1,673.97. Single-day trading volume reached $23.32B; the turnover ranked third on US equities, and it was the second-largest decliner by percentage among S&P 500 and Nasdaq 100 stocks.
Other memory manufacturers also slid in sync: Micron Technology fell 4.32%, SK Hynix ADR dropped 9.32%, and Seagate and Western Digital both fell by more than 4.5%.
It is worth noting that SanDisk is still up more than 600% year-to-date. Its gain over the past 52 weeks is as high as 3,531.96%. With large profit-taking positions concentrated, the market has started to question whether the AI storage supercycle has reached a turning point.
Amid multiple negative factors converging, the industry has seen a sharp pullback, and market disagreements have intensified: is this round of decline a trend reversal, or a normal correction at elevated levels that is releasing risk? #SNDK #美股 $SNDK ‌