Thursday, 6 August, 2026
When “Great” Isn’t Good Enough: Sky-High AI Hype Sinks Chip Stocks
By TechShots Studio
Despite posting strong quarterly results, SanDisk and Western Digital triggered a broader chip stock sell-off after issuing forward guidance that missed Wall Street's lofty expectations. Investors, expecting massive AI-driven surges, penalized the memory giants for merely solid outlooks, causing their shares—and the broader semiconductor sector—to slide sharply.
Read full story at REUTERS