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Why Shares of Sandisk Fell This Week
Yahoo Finance· 2026-03-26 20:42
Shares of Sandisk (NASDAQ: SNDK), a flash memory company, fell hard this week after Alphabet's Google unveiled a new compression algorithm that allows AI models to use far less memory than before. That sparked fears among Sandisk investors, adding to broader macroeconomic concerns about a potential slowdown in the U.S. economy due to the war in Iran. As a result, Sandisk's stock was down 14.1% this week to Thursday, 4:11 p.m. ET. Will AI create the world's first trillionaire? Our team just released a repor ...