SanDisk’s stock price plummeted 10% due to industry impact, with Gate SNDK contract trading volume and open interest ranking among the highest in the market

Odaily reported that SanDisk (SNDK) saw its stock price plunge over 10% today, affected by industry panic triggered by Meta's plan to sell excess computing power and market funds withdrawing profits from the AI sector. According to Gate platform data, SanDisk (SNDK) is currently trading at $1,743.00 (-14.35%), hitting a 24-hour low of $1,693.79. Despite the sharp short-term decline, SNDK’s long-term fundamentals remain optimistic, and related contract trading continues to be active. According to Coinglass data, Gate SNDK contracts recorded a 24-hour trading volume of $82.131 million and an open interest of $22.3788 million, both ranking among the top in the market.

Gate's stock sector has established a 7×24 trading service system covering three core markets: US stocks, Hong Kong stocks, and South Korean stocks. It supports over 10,000 US stocks and ETFs, more than 1,500 Hong Kong stocks, and over 1,000 South Korean stocks, collectively covering more than 12,500 global stocks and ETF assets. Users can participate in global stock investments through the Gate unified account using USDT, with support for fractional share trading starting from as low as 0.01 shares and eligibility for stock dividend rights. The platform also supports cross-broker transfer of US and Hong Kong stocks, as well as corporate actions such as stock splits and reverse stock splits, further optimizing the stock investment service experience.