NEW YORK — Shares of Sandisk rose more than 6% on Monday, snapping a seven-session losing streak as memory chip stocks rebounded from a sell-off driven by concerns about competition from China.

Sandisk shares were up $84.19, or 6.48%, at $1,383.49 in morning trading on the Nasdaq. The company has a market value of about $200 billion.

The stock had closed Friday at $1,299.30, down 6.85% on the day, capping seven straight lower closes that began Oct. 8. Shares fell about 15% last week.

Memory stocks under pressure

Memory chip stocks have been........

© International Business Times