Ten stocks fell sharply on Tuesday, mirroring a pessimistic broader market, as investors unloaded positions mainly to take advantage of last week’s huge gains.
On Wall Street, the Nasdaq fell by 1.16 percent, followed by the S&P 500 declining 0.45 percent, while the Dow Jones was down by 0.25 percent.
In this article, we focus on the performance of the 10 worst-performing stocks and detail the reasons behind their drop.
To come up with the list, we considered only the stocks with a $2 billion market capitalization and 5 million shares in trading volume.
The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels
10. Sandisk Corp. (NASDAQ:SNDK)
Sandisk extended its losing streak to a fourth consecutive day on Tuesday, shedding 7.26 percent to close at $1,617.70 apiece, as investors resumed profit-taking to take advantage of its high valuation.
Last month alone, shares in Sandisk Corp. (NASDAQ:SNDK) surged by as much as 38.9 percent, hitting a peak of $2,354.39 amid the ongoing strong demand for memory and storage products, thanks to the rapidly growing AI. This year alone, the stock has already climbed by as much as 892 percent.
The surge was further validated by Apple Corp.’s planned increase in the prices of its products, citing the high memory costs.
Additionally, tight supply for the NAND market is expected further beyond 2027, sparking further rosy prospects for Sandisk Corp. (NASDAQ:SNDK) and its counterparts.
Late last month, Sandisk Corp. (NASDAQ:SNDK) earned a 23 percent price target upgrade from Citigroup, at $2,500 versus $2,025 previously, following Micron Technology’s strong earnings performance and even stronger outlook for the fourth quarter of fiscal year 2026.
“We remain constructive on favorable NAND supply/demand fundamentals on durable AI-led datacenter demand (KV cache offloading to more cost-effective SSDs),” Citigroup said.
9. Vishay Intertechnology Inc. (NYSE:VSH)
Vishay Intertechnology fell by 8.62 percent on Tuesday to end at $42.19 apiece, as investors unloaded positions amid the share dilution potential of its convertible senior notes due 2030.
On Sunday, July 5, holders of Vishay Intertechnology Inc.’s (NYSE:VSH) 2.25 percent convertible senior notes due 2030 have been allowed to convert their holdings into cash or shares, or both, until October 3, 2026.
The notes became convertible after its share price jumped by more than 130 percent of the conversion price, or the required threshold on at least 20 trading days within a 30-day trading period.
The notes are convertible at a conversion rate of 33.1609 shares of common stock per $1,000 principal amount of notes, which is equivalent to a conversion price of approximately $30.16 apiece.
Noteholders would be able to take advantage of a 40 percent premium over their conversion price, with the stock already trading at $42.24 as of writing.
In other news, Vishay Intertechnology Inc. (NYSE:VSH) on Tuesday introduced new power chips designed to make electric motors and power systems run more reliably in noisy electrical environments.
According to the company, the new chips are designed to avoid accidental switching caused by electrical interference and help deliver a smoother and more stable performance.
8. Bloom Energy Corp. (NYSE:BE)
Bloom Energy slashed its share prices by 8.64 percent on Tuesday to finish at $269.57 apiece, as investors resorted to profit-taking following the previous day’s surge, while waiting for fresh catalysts to boost buying appetite.
Investors may have also begun repositioning portfolios ahead of the release of its second quarter earnings performance on July 28, 2026.
According to the company, it will hold a conference call after market close on the said date to elaborate on the results.
Investors are expected to watch for Bloom Energy Corp.’s (NYSE:BE) updated outlook for the full-year period, as well as further details on its “fivefold” expansion initiative with Brookfield.
Late last month, the two parties announced plans to expand their fuel cell partnership to $25 billion from $5 billion previously in line with the strong and sustained demand from hyperscalers and AI infrastructure developers for fast, reliable, and community-friendly power.
The expanded partnership also forms part of Brookfield’s $100 billion AI infrastructure fund target as it eyes to focus its investments in large AI factories power solutions, compute infrastructure, and strategic capital partnerships.
“[This] commitment reflects the momentum we are seeing in the market, as evidenced by recently announced large-scale deals. Bloom is uniquely positioned to address the urgent need for clean, reliable power to support the rapid growth of AI. We are pleased with our partnership with Brookfield and look forward to deepening our collaboration on large projects,” said Bloom Energy Corp. (NYSE:BE) Chief Commercial Officer Aman Joshi.
7. Solstice Advanced Materials Inc. (NASDAQ:SOLS)
Solstice extended its losing streak to a fourth consecutive day on Tuesday, slashing 8.74 percent to close at $62.10 apiece, as investors turned sour on its plan to acquire Element Solutions for $14.5 billion.
In a statement on the same day, the company said that it entered into a definitive agreement with Element for their planned merger in a cash-and-stock transaction for the said amount, including the assumption of net debt.
However, investors appeared lukewarm to the plan, selling off positions to slash Solstice Advanced Materials Inc.’s (NASDAQ:SOLS) share prices by as much as 11 percent in intra-day trading.
In an interview with Mad Money on CNBC, Solstice Advanced Materials Inc. (NASDAQ:SOLS) CEO David Sewell believed that the sell-off was partially triggered by deep-pocketed traders making short-term bets on both stocks in the deal, rather than doubts over the company’s merger plan.
“We know there were a lot of hedge funds, a lot of arbitrage in there. We’ve been telling the story. Reporting has been very positive on the strategic rationale for the deal,” he said, adding that the acquisition would broaden the firm’s exposure across AI infrastructure supply chain, and support its capabilities in semiconductor fabrication, advanced chip packaging, and thermal management.
6. Terawulf Inc. (NASDAQ:WULF)
Terawulf dropped its share prices by 8.87 percent on Tuesday to end at $20.24 apiece as investors resorted to profit-taking to take advantage of as much as 18.7 percent climb the day prior.
This followed news on Monday that it successfully bagged a $19 billion leasing agreement with AI startup, Anthropic, for the delivery of critical IT load for a period of 20 years.
Under the agreement, Terawulf Inc. (NASDAQ:WULF) will deliver 401 MW of critical IT load to the AI firm, to be developed in multiple phases. Initial capacity is targeted for delivery in the second half of 2027, to be followed by the balance by early 2028.
“The Anthropic lease validates our strategy and establishes a long-duration revenue stream with one of the world’s leading AI companies. The lease provides approximately $19 billion of contracted lease revenue over its initial term, creates a framework for future expansion, and demonstrates the value of our ability to source power, develop infrastructure, and secure long-term customer commitments,” said Chairman and CEO Paul Prager.
Separately, Terawulf Inc. (NASDAQ:WULF) entered into a definitive agreement with a group of investors led by Fluidstack for the sale of its entire 50.1 percent stake in the Abernathy joint venture project, successfully monetizing its $450 million at a premium.
Established only last year, the Abernathy project aims to develop a 168 MW critical IT load data center in Abernathy, Texas.
Upon closing of the transaction, Fluidstack will continue leading the project.
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