Why Is Sandisk (SNDK) Stock Down 6.85% Today, Oct 16? AI Financing Fears and Chinese Memory Competition Deepen Selloff

Sandisk (SNDK) fell 6.85% to $1299.30 on October 16, 2026, despite two recent product announcements that offered no disclosed near-term financial uplift. This draft examines the selloff, the limits of those catalysts, and the price levels that frame the next trading decision.