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Semiconductor Bubble Warning Hits SanDisk | Durham News
SanDisk’s stock plummeted 26% to $1,745 amid a broader semiconductor sector sell-off, despite earlier gains — triggered by Bank of America’s “bubble risk” warning, which clashed with a recent bullish price target from the same firm. Investors reacted swiftly to signs of oversupply, as Samsung and SK Hynix ramp up production, threatening chip margins. Meanwhile, tech stocks like Axon, Rocket Lab, and Palantir surged over 20%, fueled by acquisitions and government contracts, signaling a market shift toward stable, revenue-driven plays over AI hype. Listen in comfort:Get a discount on a Soli…
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