Why Sandisk Stock Is Plummeting Today
Sandisk stock is under pressure today, but there is actually some positive news for investors.
Overview
Sandisk (NASDAQ: SNDK) stock is sinking in Wednesday's trading. The company's share price was down 11% as of 2 p.m. ET amid a 0.1% gain for the S&P 500 and a 0.2% decline for the Nasdaq Composite.
Sandisk stock is heading lower today as investors sell out of artificial intelligence chip stocks and buy back into top AI software names. While the stock is getting hit with a big pullback today, Sandisk actually got a big price-target increase from a leading investment firm.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.