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Business
SNDK Shares Slide as Tech Selloff Overshadows Strong Q1 Earnings, Retail Investors Turn Bullish
✍️ Asianet Newsable
🗓 30 Oct 2026, 03:52 PM
👁 11
SanDisk Corp (SNDK) fell sharply on the Indian market despite reporting a robust first‑quarter performance, while retail investors showed a net buying stance.
On the trading session, shares of SanDisk Corp (ticker SNDK) dropped noticeably, reflecting a broader sell‑off in technology stocks across Indian exchanges.
The company, however, posted an upbeat first‑quarter report, with revenue and earnings beating consensus estimates, underscoring solid demand for its memory‑chip products.
Despite the positive fundamentals, market sentiment turned negative, yet data from the exchanges showed retail participants were net buyers of SNDK, indicating a bullish tilt among individual investors.
Analysts noted that the dip mirrors a sector‑wide rotation as investors reassess valuations, but the retail buying could provide support if the broader tech correction eases.
The company, however, posted an upbeat first‑quarter report, with revenue and earnings beating consensus estimates, underscoring solid demand for its memory‑chip products.
Despite the positive fundamentals, market sentiment turned negative, yet data from the exchanges showed retail participants were net buyers of SNDK, indicating a bullish tilt among individual investors.
Analysts noted that the dip mirrors a sector‑wide rotation as investors reassess valuations, but the retail buying could provide support if the broader tech correction eases.