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via finance.yahoo.comMarkets

Sandisk Stocks Slide 7.83% as NVIDIA CEO Resignation Hits Storage a Week Before 8-for-1 Split

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. SanDisk Corp (NASDAQ:SNDK) shares slid 7.83% to $901.17 at 9:35 a.m. ET in early regular-session trading on November 12 after the flash-memory maker traded about 5% lower before the open as NVIDIA's CEO resigned, Yahoo Finance's live…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe drop erases much of Wednesday's rally and weighs on a storage stock ahead of its share split.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Sandisk shares fell 7.83% to $901.17 in early regular-session trading on November 12.
  2. 02The drop followed a roughly 5% decline before the open after NVIDIA's CEO resigned.
  3. 03On Wednesday Sandisk had jumped 13.69% alongside Micron, after CoreWeave said its capacity was largely sold out through 2027.
  4. 04The eight-for-one split has holders of record on November 9, with split-adjusted trading expected from November 20.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Sandisk CorporationSNDKStock920.83 USD-0.95%today -5.82%Negative Micron Technology, Inc.MUStock791.00 USD-0.54%today -2.50%Neutral NVIDIA CorporationNVDAStock164.00 USD-0.10%today -5.60%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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