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Sandisk Plunges Amid AI Shift | Business and Finance News
Published 2 days, 1 hour ago
Description
Sandisk stock nosedived 11% today despite a broader market uptick, as investors rotate out of AI chips and into AI software—putting pressure on the memory giant. Yet, Bank of America just upgraded its price target to $2,500, calling demand for Sandisk’s NAND chips strong through 2027. Short-term sell-offs clash with long-term bullish fundamentals.
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