SanDisk Drops 6% in Memory Selloff on China's DRAM Progress; Seagate Slides 4%
Investors worried that AI memory demand may be fading as CXMT and other rivals expand DRAM capacity, pressuring Sandisk despite its NAND focus.
5 Articles
5 Articles
SanDisk Drops 6% in Memory Selloff on China's DRAM Progress; Seagate Slides 4%
The post SanDisk Drops 6% in Memory Selloff on China’s DRAM Progress; Seagate Slides 4% appeared first on 24/7 Wall St.. Memory and storage shares are slipping as news of a Chinese rival’s chip work spreads across the group. SanDisk (NASDAQ:SNDK) stock is down 6% to $1,484.21 in early action. That’s a sharp drop for a NAND flash specialist caught in a selloff tied to dynamic random-access memory (DRAM). Meanwhile, Seagate Technology Holdings (NA…
SanDisk (SNDK) Stock Falls Despite Wall Street's Bullish Targets
TLDR SanDisk stock fell 2.8% in early premarket trading, extending Monday’s 5.97% decline. Broadcom’s warning about AI financing added pressure to semiconductor shares. China’s CXMT raised fresh concerns about competition across the memory industry. Rosenblatt maintained a bullish outlook with a $2,400 SanDisk price target. SanDisk faces potential support at 1,350–1,400 ahead of October 29 [...]
Micron Falls 5% as China’s CXMT Targets Server Memory; SanDisk Drops 4%
The post Micron Falls 5% as China’s CXMT Targets Server Memory; SanDisk Drops 4% appeared first on 24/7 Wall St.. Memory stocks are slipping for a second straight session after Chinese rival CXMT laid out plans to compete for the high-end server market. Micron Technology (NASDAQ:MU) stock is at…
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