5 Stocks Investors Are Walking Away From

1. Sandisk Corp. (NASDAQ:SNDK)

Sandisk snapped a three-day winning streak on Tuesday, slashing 12.63 percent of its value to close at $1,673.97 apiece, after a heavy selloff in the wider market, thanks to the re-escalating tensions between the US and Iran.

Investors appeared to have cashed in on gains on high-growth industries, such as semiconductor, while parking funds to mitigate risks, after President Donald Trump recently announced the reinstatement of what he called an “Iranian blockade” in the Strait of Hormuz.

The announcement heavily dampened investor sentiment despite Trump’s clarification that cargoes from other countries will be able to pass through the Straight freely and safely. Wall Street’s three major indices all finished in the red, led by the Nasdaq, down 1.55 percent, followed by the S&P 500, losing 0.79 percent, and the Dow Jones, shedding 0.26 percent.

For Sandisk Corp. (NASDAQ:SNDK), the selloff was primarily triggered by profit-taking, having already soared by 5,442 percent in just the past 52 weeks, and even with Monday’s selloff, the stock remained up by 605.19 percent year-to-date.

In other news, Sandisk Corp. (NASDAQ:SNDK) is set to announce the results of its earnings performance for the fourth quarter of fiscal year 2026 after market close on August 5, 2026. A conference call will be held to elaborate on the results.

For the period, Sandisk Corp. (NASDAQ:SNDK) is targeting to report revenues between $7.75 billion to $8.25 billion, or an implied growth of 308 percent to 334 percent from the $1.9 billion posted in the same period last year.

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