Chip stocks including Sandisk, AMD, Micron, Western Digital, Seagate, Intel, and Nvidia saw sharp declines, with Sandisk down 20% and others falling over 15%. This selloff pushed the Nasdaq Composite toward its worst day since April 2025. Investors are reacting to concerns that the midterm election results could slow the pace of artificial intelligence development, creating uncertainty in the tech sector. The market will be watching closely for further political and economic signals that could impact AI-related investments.
As of Nov 05, 2026 23:21 WIB, Sandisk (SNDK) is trading at USD 873.10 with a 1-day change of -15.84% on Pluang. Micron (MU) shares are priced at USD 708.50, down 10.91% in the same period. The typical hold time for AMD on Pluang is 93 days, reflecting a longer-term investor interest despite recent volatility.
SanDisk shares fell 7%, with Micron and Western Digital down 5% each, following a Democratic lawmaker's call to pause advanced AI development and regulate the industry. This political move threatens the AI-driven demand for memory and storage product...
Sandisk Corporation is rated as a Strong Buy with a revised price target of $3,356, reflecting its deep undervaluation in the market. Despite strong Q1 2027 results, the company trades at a very low forward PEG ratio of 0.12x. The analyst estimates a...
SanDisk stock fell 9% following its Q1 FY2027 revenue report of $11.03 billion, driven by worries over election results and rising memory prices impacting AI data-center demand. While SanDisk remains up 353% year-to-date, concerns about consumer mark...
Sandisk reported a nearly 400% year-over-year revenue increase in the first quarter with gross margins above 85%, yet its stock price is approaching July lows due to political uncertainty from the incoming Democratic-led Congress. Despite this, Sandi...
Sandisk Corporation was upgraded to Buy after its Q1 FY2027 results surpassed expectations, with revenue beating guidance and gross margins reaching 85.1%. The company returned nearly all free cash flow through buybacks, and with two-thirds of FY2028...
