SanDisk plunges after SK Hynix production plan

BREAKING: $SNDK dropped 14.4% after SK Hynix announced a $51B investment in a new production facility.
The market is reacting to future supply risk.
When a major memory competitor commits that much capital to capacity, investors immediately start asking what it means for pricing power.
For $SNDK, the move shows how sensitive storage and memory names are to any sign of supply expansion.