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Nvidia's Drop Boosts Sandisk: Supply Crunch Saves the Day
Published 2 days, 5 hours ago
Description
Nvidias stock drop due to Chinas rejection of Trumps offer for tech firms to buy high-end AI chips led to a steeper decline for Micron, as their memory chips power Nvidias data center gear. However, Sandisk stock surprisingly rose by 1.2% despite focusing solely on NAND for AI setups. The global memory chip shortage keeps demand high, allowing Sandisk to sell out their production and boost their shares.
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