SanDisk stock soared about 7,000% over a year to $2,354.39 before plunging roughly 57% to $1,015.89 by late July. This extreme volatility pushed its relative strength index (RSI) from a historic overbought level above 99 to an oversold level below 33. Despite the recent sharp decline, analysts remain optimistic, rating SanDisk as a 'Strong Buy' with an expected 102% price increase over the next 12 months. However, the stock faces sector-wide challenges due to AI investment skepticism and market volatility, especially influenced by tech market instability in South Korea and mixed earnings reports from major tech firms.
Investors are rotating out of AI infrastructure stocks such as Micron and Western Digital, which surged earlier this year due to memory shortages but have recently declined. CNBC's Jim Cramer highlights a shift toward companies with broader growth dr...
Apple became the second company ever to surpass a $5 trillion market valuation, reaching $5.04 trillion after its shares hit a session high of $342.89. This milestone was driven by strong demand for Apple products and its choice to avoid heavy AI spe...
