Sandisk, memory chip stocks slump after Japanese competitor reports weak numbers
High-flying shares of tech hardware firms like Sandisk, Seagate Technology Holdings, and Western Digital — which make products to deal with the deluge of information and data expected to be produced by the AI database build-out — dropped Thursday after a Japanese competitor, Kioxia Holdings, reported a lackluster set of quarterly numbers.
These stocks are also suffering as part of a general drawdown in AI data center and data center-adjacent stocks Thursday amid a flurry of stories on the sector, all of which have, at their heart, the growing sense of the lack of transparency and uncertainty about supply, demand, available resources, costs, and short-term losses swirling around the boom.
These stocks are also suffering as part of a general drawdown in AI data center and data center-adjacent stocks Thursday amid a flurry of stories on the sector, all of which have, at their heart, the growing sense of the lack of transparency and uncertainty about supply, demand, available resources, costs, and short-term losses swirling around the boom.
