Sandisk (SNDK) Was Hit By A Hedge Fund Liquidation After A $35 Billion Loss

Hedge fund with large positions in Sandisk (NasdaqGS:SNDK) and Micron was forced into distressed liquidation after both stocks collapsed in July. Forced selling removed a major institutional holder from Sandisk, with reported losses of about US$35b and a sharp reduction in fund size. The event highlights concentration risk in volatile memory and AI infrastructure stocks and raises questions about fund risk controls. Investors are assessing how the liquidation may affect Sandisk’s shareholder...