Sandisk Falls Premarket as Samsung Drops 6.9% and SK Hynix 6.1%
SNDK•Sandisk shares tumbled premarket alongside 6.9% Samsung and 6.1% SK Hynix plunges that briefly pushed South Korea’s Kospi into a bear market. SK Hynix plans to bring additional NAND flash capacity online to address a supply shortage that had boosted Sandisk’s revenue gains.
1. Premarket Memory Sector Sell-Off
Sandisk shares tumbled premarket alongside Samsung’s 6.9% decline and SK Hynix’s 6.1% slide, a rout that briefly dragged South Korea’s Kospi into bear-market territory. SanDisk’s drop reflects broader pressure on memory-chip names as investors reacted to weakness in leading NAND flash suppliers.
2. SK Hynix Capacity Expansion Plans
SK Hynix plans to bring additional NAND flash production capacity online to alleviate a tight supply market that had supported Sandisk’s pricing power and revenue growth. The incoming capacity may ease market shortages and could pressure Sandisk’s margins if supply growth outpaces demand.
