Sandisk Stock Continues Decline Amid Market Reactions to TSMC Earnings
Shares of Sandisk (NASDAQ: SNDK) fell by 9.6% following a sharp drop in the stock for two consecutive days, despite positive earnings from Taiwan Semiconductor Manufacturing Company (TSM). The market reacted negatively to TSM's increased capital expenditure forecast, which raised concerns about free cash flow impacts.
Topics: ai demand earnings impact nand flash memory semiconductors