Sandisk stock slumps despite solid earnings beat. Is memory losing momentum?

What happened: Sandisk (SNDK) beat estimates on both revenue and earnings, but the stock slumped, with the hosts citing Intel's decline and a weak profit outlook from flash memory peer Kioxia. Key numbers: Intel was down 25. Sandisk was down about 4 percent right after the close before falling further. Why it matters: Kioxia's profit outlook came in below estimates, implying the memory cycle may not last forever, and the surge in memory and flash memory prices was said to be easing after several quarters of breakneck growth. Market: -28.9% today ($65.45), +66.2% YTD, 1.3x vol — as of 14:17 UTC Verified: Q3_2026 (Oct 29) EPS $0.52 vs $0.40 est, +30.7% beat; next print ~Jan 28

Sandisk stock falls despite earnings beat, raising memory momentum concerns.

Sandisk stock falls despite earnings beat, raising memory momentum concerns. — impact context not separately stored; see What changed.