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Sandisk falls 14%, down 47% from June 22 record high

Sandisk falls 14%, down 47% from June 22 record high

The stock has erased roughly $170 billion in market value in about one month, marking a sharp reversal from its late-June peak.

Fact Check
Multiple contemporaneous sources report the identical figures in the claim: Sandisk down 14% on the day, 47% off its June 22 record high, and ~$170 billion in market value erased in about a month. The caller's watchernewsx post and The Kobeissi Letter's cross-platform posts (X, LinkedIn, Facebook) all state these same numbers for July 27, 2026. A subsequent Kobeissi post from July 28 shows the decline worsened to 55% off the high, consistent with a fast-moving selloff and confirming the claim represents an accurate point-in-time snapshot.
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Summary

Sandisk shares dropped 14% on the day and have fallen 47% from their June 22 record high, wiping out roughly $170 billion in market capitalization in about one month. The move points to a steep drawdown after a rapid run-up, with the scale of the decline underscoring how quickly equity valuations can reverse after hitting fresh highs.

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