SanDisk stock (SNDK) drops 5% premarket as traders lock in profits following Thursday's massive AI-driven memory chip rally.

Sandisk shares are sliding in Tuesday's premarket as memory pricing expectations clash with a risk-off tone, Nasdaq-100 futures down 2.7%.

Wall Street witnessed a significant downturn in semiconductor stocks Tuesday, impacting major AI beneficiaries. Memory chipmakers like SanDisk and Micron saw substantial drops as…