Sandisk Stock Falls After Broadcom's Strong Earnings Report
Following a previous rise due to Morgan Stanley's positive outlook on memory shortages and Sandisk’s position in the market, shares of SanDisk fell by 1.7% after Broadcom reported strong Q2 earnings that exceeded expectations. The report led to a sell-off in Broadcom stock and raised concerns about AI chip sales guidance.
Topics: Broadcom earnings memory market dynamics Sandisk stock reaction