Stocks

“Sandisk Sinks 37%, but Wall Street Still Backs SNDK Stock”

“Sandisk’s (SNDK) strong rally has lost some steam, with SNDK stock falling more than 37% from its peak. While the sharp pullback reflects profit-taking after the stock’s substantial run-up, it has not weakened Wall Street’s view of the company.

Analysts have maintained a bullish outlook on SNDK. Analysts’ positive outlook indicates that the expansion of artificial intelligence (AI) infrastructure continues to increase demand for high-performance memory solutions, supporting Sandisk’s growth…”

https://finance.yahoo.com/markets/stocks/articles/sandisk-sinks-37-wall-street-182706194.html

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