daz999999999
11:27
$Micron Technology(MU)$  

$SanDisk Corp.(SNDK)$  

Both Micron (MU) and SanDisk (SNDK) plunged respectively 10++% and 26++%, signaling opportunities to buy again.

SanDisk shares plunged 26% for the week due to aggressive profit-taking and a sector-wide rotation away from artificial intelligence hardware into AI software stocks. 

The steep sell-off came despite an explosive 858% first-half rally and bullish price target upgrades from analysts like Bernstein.

The recent decline was compounded by broader market forces and specific tech news:

Sector-wide rotation: 

Investors cashed out historic gains across memory and AI hardware names like Micron Technology and Western Digital.

OpenAI delay reports: 

Reports emerged that OpenAI is rethinking its IPO timeline, sparking concerns over a temporary slowdown in massive AI hardware spending.

Analyst reactions: 

While some firms like Bernstein raised their targets on long-term supply deals, the broader tech index sell-off (Nasdaq) overwhelmed the bullish sentiment.



SanDisk Plunges 14%: New Product Can't Save Memory Stocks?
SanDisk tumbled 14% despite launching its BiCS10 1Tb TLC 3D NAND chip on the same day, as the memory supercycle sell-off extended into a second consecutive session — Micron fell 5.5% and memory ETF DRAM dropped 7.9%. "Buy the rumor, sell the news" dynamics, combined with AI capex rotation triggered by jobs data, drove profit-taking across the heavily extended memory supply chain. Is this pullback a golden entry point, or the beginning of the supercycle thesis unraveling?
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