SanDisk Leads Memory Stocks Lower: A Look Inside the Rout
SanDisk plunged nearly 20% as AI and memory stocks sold off after election results raised fears of data-center delays and weaker chip demand.
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Shield Therapeutics announced its Q3 2026 financial results, reporting group net revenue of $11.5 million and providing updates on its US commercial operations.
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SanDisk plunged nearly 20% as AI and memory stocks sold off after election results raised fears of data-center delays and weaker chip demand.
Sandisk (NASDAQ: SNDK) fell almost 8% premarket as post-midterm tech rotation hit memory chips, leaving analysts divided over further downside or a year-end rally.
A member of Congress is selling semiconductor and data storage stocks. Here are the stocks he sold and more on his 2026 trading history.
Seagate Technology Holdings reported a statutory profit of US$7.59 per share, exceeding market expectations.
Both Western Digital and Seagate reported strong Q1 2027 earnings driven by AI infrastructure demand, with revenue growth of 55% and 61% respectively. However, Seagate appears more attractive with a higher ROE of 386.9% versus Western Digital's 57.9%, and a lower forward P/E ratio of 19.01 compared to 19.37, making it the better buy.
U.S. stock markets rose on Wednesday as the Federal Reserve kept interest rates unchanged at 3.75-4% and strong third-quarter earnings boosted investor confidence. The Dow Jones, Nasdaq Composite, and S&P 500 all ended in positive territory. Notable earnings beats from Seagate Technology, Amphenol Corp., and Labcorp Holdings drove their stock prices higher by 4.5%, 3.5%, and 8.8% respectively.