Sandisk Leads AI-Linked Stocks Lower as Shares Drop 10.56%

Enna Lee

1 min read

Sandisk Leads AI-Linked Stocks Lower as Shares Drop 10.56%

SK hynix, Micron Technology and Marvell Technology also fell, while Coinbase and Strategy rose as Bitdeer and Circle declined.

By Enna Lee

Published Nov 5, 2026, 9:41 AM EST

A memory chip rests alone on a brushed metal inspection tray / TokenPost.ai

Sandisk led losses among AI-linked stocks in early U.S. trading Thursday, while crypto-related shares were mixed, marking divergent moves across technology and crypto-linked equities in the same session.

Sandisk (SNDK) was down 10.56%. SK hynix (SKHY) declined 9.06%, Micron Technology (MU) fell 8.52% and Marvell Technology (MRVL) lost 8.29%. Applied Optoelectronics (AAOI) slid 8.09%, American Superconductor (AMSC) fell 7.43% and AMD declined 7.03%.

Crypto-related stocks moved in mixed directions. Coinbase gained 5.11% and Strategy rose 2.31%, while Bitdeer fell 2.96% and Circle edged down 0.12%.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.