SanDisk falls 22% on heavy volume as hedge funds dump AI bets
SanDisk shares fell 22% on triple their average volume as hedge funds sold off AI-related positions, wiping out the stock's gains since March. The report raises the question of whether a fund blowup could follow the selloff. Crypto traders care because forced deleveraging in AI-linked equities can spill into risk assets and tighten liquidity across markets.