The 2026 midterm results are in, and the Democrats won in a landslide. So what does this mean for Sandisk (NASDAQ:SNDK) stock? Apparently, nothing good.
Shares of the NAND flash memory giant sold off 8.6% through 11:50 a.m. ET Wednesday as nervous investors wonder what a sea change in government might mean for artificial intelligence data centers -- and for Sandisk's sales of memory to outfit them.
Missed AI's "Act 1"? Act 2 Could Be 16x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ****** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Image source: Getty Images.
StreetInsider.com is blaming the midterm election results for "renewed selling pressure" on AI and memory chip stocks. As the thinking goes, "potential tighter oversight of AI infrastructure and data-center expansion" would be bad news for memory sales growth, and a Democratic Congress is seen as more likely to pass such regulations than the former Republican-led Congress was. And some Wall Street ****** ysts agree. As the election approached, Fox Advisors downgraded Sandisk stock to equalweight, and Wells Fargo cut its price target on the stock.
#Stock #midterm
Shares of the NAND flash memory giant sold off 8.6% through 11:50 a.m. ET Wednesday as nervous investors wonder what a sea change in government might mean for artificial intelligence data centers -- and for Sandisk's sales of memory to outfit them.
Missed AI's "Act 1"? Act 2 Could Be 16x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ****** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Image source: Getty Images.
StreetInsider.com is blaming the midterm election results for "renewed selling pressure" on AI and memory chip stocks. As the thinking goes, "potential tighter oversight of AI infrastructure and data-center expansion" would be bad news for memory sales growth, and a Democratic Congress is seen as more likely to pass such regulations than the former Republican-led Congress was. And some Wall Street ****** ysts agree. As the election approached, Fox Advisors downgraded Sandisk stock to equalweight, and Wells Fargo cut its price target on the stock.
#Stock #midterm
2 hours ago
