SShortSingh.
Back to feed

SanDisk and Western Digital Shares Drop 10% Despite Strong Earnings

0
·47 views

Shares of SanDisk and Western Digital fell roughly 10% even after the companies reported strong quarterly earnings, disappointing investors who had expected more. The sell-off has prompted analysts to question whether capital may be shifting away from artificial intelligence-related stocks. Some observers suggest this rotation could benefit alternative assets, including bitcoin and the broader crypto market. The development highlights growing uncertainty around AI sector valuations and where investors may deploy funds next.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
Crypto & Web3CoinDesk ·

Scammer loses nearly $5 million in bitcoin after Ledger hardware wallet spy-chip exploit

A fraudster who lured victims through fake online job offers has become one of the largest casualties of a compromised Ledger hardware wallet exploit. Blockchain analytics firm Chainalysis reports that the scammer lost almost $5 million worth of bitcoin. The incident involves hardware wallets that were reportedly compromised with spy chips. The report highlights the irony of a scammer falling victim to the same type of security breach they may have been exploiting.

0
Crypto & Web3CoinDesk ·

US judge refuses to void Gemini's $5M settlement despite CFTC support

A U.S. judge has declined Gemini's request to undo its $5 million settlement, even though the Commodity Futures Trading Commission backed the exchange's bid. Gemini had already paid the penalty under the 2025 agreement. The court will keep its order in place along with the restrictions that came with the settlement. The CFTC argued that the case should never have been brought in the first place.

SanDisk and Western Digital Shares Drop 10% Despite Strong Earnings · ShortSingh