SanDisk shares fall over 11% after Kioxia warns NAND price surge may be ending
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- SanDisk shares fell more than 11% following warnings from competitor Kioxia that the surge in NAND flash memory prices may be ending, alongside weak Intel guidance and broader concerns about the AI trade. Still guessing which stocks will beat the market? Our AI…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA possible slowdown in NAND pricing weighs on the memory sector and AI-linked stocks.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Kioxia expects an operating profit of 2 trillion yen, below analyst estimates of 2.35 trillion.
- 02Its average NAND selling price rose in the mid-20% range in the three months to September, versus 70% in the prior quarter.
- 03Weak Intel guidance and broader concerns about the AI trade added to the pressure on the shares.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Sandisk Corporation1,145.31 USD-2.10%today -13.89%Negative Micron Technology, Inc.875.97 USD-0.62%today -6.24%Negative Intel Corp.64.17 USD-0.46%today -30.31%Negative Samsung Electronics Co., Ltd.225,000.00 KRWMarket closedtoday -3.02%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets