Major Stocks Including Freeport-McMoRan, Harmony Biosciences, and Cohu Decline on Wednesday
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 24 2025
0mins
Should l Buy SNDK?
Source: Benzinga
U.S. Stock Market Performance: U.S. stocks declined, with the Dow Jones index dropping over 150 points, influenced by significant losses in various companies, particularly Freeport-McMoRan, which fell 16.4% after issuing disappointing sales guidance and reporting fatalities at its mine.
Notable Stock Declines: Other companies also experienced substantial losses, including Zhengye Biotechnology (-28.2%), Harmony Biosciences (-14.6%), and Cohu, Inc. (-12.7%), with Harmony's decline attributed to unmet clinical trial expectations and a lowered price target from Needham.
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Analyst Views on SNDK
Wall Street analysts forecast SNDK stock price to fall
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 615.830
Low
220.00
Averages
283.69
High
410.00
Current: 615.830
Low
220.00
Averages
283.69
High
410.00
About SNDK
SanDisk Corporation is a developer, manufacturer and provider of data storage devices and solutions based on NAND flash technology and has consumer brands and franchises globally. The Company's solutions include a range of solid state drives (SSDs) embedded products, removable cards, universal serial bus (USB) drives, and wafers and components. Its broad portfolio of technology and products addresses multiple end markets of Datacenter, Edge and Consumer. Its Datacenter end market is composed primarily of products for public or private cloud environments and enterprise customers. The Company, through the Edge end market, provides original equipment manufacturer and channel customers a broad array of high-performance flash solutions across personal computer, mobile, gaming, automotive, virtual reality headsets, at-home entertainment, and industrial spaces. The Company serves the Consumer end market with a broad range of retail and other end-user products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Surge in Trading Volume: The trading volume reached 72.4 million shares, nearly double the three-month average of 36.3 million shares, indicating heightened market attention and anxiety regarding Micron's outlook.
- Market Expectation Reset: Despite Micron's strong earnings report earlier this month, the stock has trended downward as investors question the sustainability of its over $25 billion capital spending plan, especially with Google's new algorithm potentially reducing memory demand.
- Focus on Long-Term Potential: While facing short-term pressures, investors should remain focused on Micron's long-term potential, particularly as more efficient memory models could drive increased demand, although the full impact of Google's new algorithm remains unclear.
See More
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- Declining Bond Yields: The 10-year T-note yield dropped by 8 basis points to 4.34%, reflecting market fears that the ongoing war in the Middle East could lead to fuel shortages, potentially suppressing expectations for Fed rate hikes and highlighting economic growth uncertainties.
- Rising Crude Oil Prices: Crude oil prices surged over 3% to a three-week high due to Iranian attacks on the Strait of Hormuz, indicating severe threats to global energy supply chains, which could lead to soaring prices in the future and impact the global economy.
- Weak Manufacturing Activity: The Dallas Fed manufacturing activity survey fell to -0.2, below the expected 2.0, reflecting signs of economic slowdown that could influence corporate investment decisions and future economic growth.
See More
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- Significant Stock Decline: Micron Technology (NASDAQ:MU) closed at $321.80 on Monday, down 9.88%, reflecting investor concerns that Google's newly released TurboQuant AI algorithm could suppress memory demand.
- Surge in Trading Volume: The company saw trading volume reach 72.4 million shares, nearly double its three-month average of 36.3 million shares, indicating heightened market attention and anxiety regarding its future outlook.
- Increased Market Competition: Google's TurboQuant algorithm promises to compress memory requirements by up to six times, which could impact Micron's market demand, despite a surge in memory demand that previously drove its stock up over 250% in the past year.
- Long-Term Potential Under Scrutiny: Although Micron issued strong earnings earlier this month, investors are questioning the sustainability of its over $25 billion capital spending plan, suggesting a focus on long-term investment potential rather than short-term fluctuations.
See More
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- Significant Stock Drop: Micron Technology's shares fell 10% on Monday, marking a 30% decline since its strong earnings report on March 18, indicating market concerns about its future performance.
- Surge in AI Demand: Despite a robust second-quarter earnings report driven by high demand for AI chips, CEO Sanjay Mehrotra noted that key customers are receiving only “half to two-thirds” of their requirements, highlighting ongoing supply chain constraints.
- Industry-Wide Impact: The stock declines across tech companies, including Micron, were exacerbated by rising oil prices amid the ongoing Iran conflict, reflecting market sensitivity to geopolitical risks.
- Annual Performance Review: While Micron's stock is up 270% year-over-year, most of those gains have been eroded in 2026, with only a 2% increase year-to-date, suggesting cautious market sentiment regarding its future growth.
See More
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- Significant Stock Decline: Micron's shares fell 10% on Monday, continuing a downward trend that has seen the stock plummet 30% since the earnings report on March 18, indicating market concerns about future performance.
- Inability to Meet Demand: CEO Sanjay Mehrotra stated during the earnings call that the company has been unable to meet soaring demand for its chips, with key customers receiving only “half to two-thirds” of their requirements due to supply constraints.
- Surge in AI Demand: While Micron's Q2 earnings report was bolstered by strong demand for AI chips, the inability to maintain market performance due to supply chain issues highlights a significant imbalance in the industry.
- Market Environment Impact: Amid rising oil prices and escalating geopolitical tensions, other tech companies like CoreWeave and SanDisk also experienced notable stock declines, further exacerbating market uncertainty.
See More
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- Oil Price Surge: US crude futures settled at $102.88 per barrel on Monday, surpassing $100 for the first time since 2022, while Brent crude closed at $112.78, indicating ongoing market impacts from the Iran conflict that could drive prices higher in the coming weeks.
- Weak Stock Market Performance: The Dow Jones Industrial Average rose by 0.1%, but the S&P 500 fell by 0.4% and the Nasdaq Composite dropped by 0.7%, reflecting investor caution amid economic uncertainty and upcoming data releases.
- Semiconductor Sector Decline: Micron Technology (MU) and SanDisk (SNDK) shares fell by 9% and 8% respectively, continuing last week's losses as concerns over declining AI memory demand intensified, leading to diminished investor confidence in the chip industry.
- Focus on Economic Data: This week will see the release of several labor market indicators, including the Job Openings and Labor Turnover Survey (JOLTS) and the ADP private payrolls report, as investors seek balance after the volatility in job numbers over the past two months.
See More
