Tech Stocks Under Pressure as SanDisk Erases $220 Billion in Value

SanDisk shares have fallen nearly 58% from their June peak, erasing about $220 billion in market value.

The drop reflects profit-taking, weaker market sentiment, and rumors of leveraged investors being forced to sell.

The selloff is raising fresh concerns about inflated valuations across AI-linked tech and semiconductor stocks.

Analysts say the move shows how quickly enthusiasm for AI names can unwind when growth expectations turn negative.