10 Stocks Investors Are Dumping

7. Sandisk Corp. (NASDAQ:SNDK)

Sandisk snapped a three-day winning streak on Monday, losing 5.64 percent to finish at $121.17 apiece as investors began to book profits to take advantage of the previous days’ gains.

On the same day, Sandisk Corp. (NASDAQ:SNDK) announced that it would release the results of its first quarter earnings performance in the first quarter of fiscal year 2026 on November 6, during which investors will closely watch out for its full fiscal year outlook.

For the first quarter, Sandisk Corp. (NASDAQ:SNDK) is targeting to book revenues of $2.10 billion to $2.20 billion, and diluted earnings per share of $0.70 to $0.90.

In other news, Sandisk Corp. (NASDAQ:SNDK) announced that it kicked off, along with Kioxia Corp., the operations of its Fab2 (K2) production facility in Iwate Prefecture, Japan.

The Fab2 facility has the capability to produce eighth-generation, 218-layer 3D flash memory, featuring the company’s revolutionary CBA (CMOS directly Bonded to Array) technology, and future advanced 3D flash memory nodes to meet growing demand for storage driven by the artificial intelligence industry.

Production will ramp up in stages over time in line with market trends, with significant output expected to begin in the first half of 2026.