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Apple Sinks, SanDisk Surges, Strategy Falls After Their Funding Model Jolts Bitcoin Traders
Published 3 months, 2 weeks ago
Description
On this episode of Stock Movers:
- Apple (AAPL) shares fell after the company raised prices of Macs, iPads, home devices, and the Vision Pro to offset cost hikes caused by a shortage of memory chips and storage.
- SanDisk (SNDK) shares rose after Micron's results underscored how artificial intelligence remains a major vector for growth.
- Strategy (MSTR) shares sink after the company financing model, which relies on issuing securities to fund additional Bitcoin purchases, was questioned by investors due to a decline in Bitcoin's price and a collapse in the market value of the company's preferred stock.
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