SANDISK STOCK CRASH
SanDisk stock crash deepens: Why did SNDK fall 19% today, wiping out 36% in six trading days?
SanDisk stock: SanDisk shares plunged more than 19% on Thursday, extending a six-session slide despite strong quarterly earnings and an upbeat forecast. Growing attention on China’s CXMT, pressure across memory stocks and concerns about data-centre expansion have added to the sell-off.
Was Michael Burry right about the AI bubble? Wall Street loses $2 trillion as AI and chip stocks plunge: Why are Tesla, Palantir, AMD, Broadcom and SanDisk crashing?
Michael Burry's warning about an AI bubble is back in focus as Wall Street loses more than $2 trillion in market value. On Thursday, November 5, AMD shares plunged around 12%, SanDisk fell 14%, Micron dropped 10%, while Nvidia lost nearly 7%. Tesla and Palantir also fell 9% and 8%, respectively. The sell-off spread across chipmakers, memory companies and AI infrastructure stocks. The Dow fell 2.36%, the S&P 500 dropped 3.11%, and the Nasdaq sank 4.20%, as investors questioned whether massive AI investments can deliver enough returns.
Micron, SanDisk, AMD and Qualcomm stocks plunge as US stock market crashes today: Dow, Nasdaq and S&P 500 turn red as chip selloff deepens – What is driving Wall Street's sudden reversal?
US stock market crash today: The Dow, Nasdaq and S&P 500 are all trading in the red, while some of the biggest semiconductor stocks are losing ground. Micron (MU), SanDisk (SNDK), AMD and Qualcomm (QCOM) are among the hardest hit, with Western Digital and Seagate also extending their losses. Qualcomm's weaker revenue and cautious outlook have added to concerns about chip demand. But why are AI and memory chip stocks falling so sharply?
25-year-old hedge fund manager who lost $35 billion in a month eyes fresh capital after AI stock selloff
Leopold Aschenbrenner’s AI-focused hedge fund, Situational Awareness, lost around $35 billion in weeks after leveraged bets on AI stocks turned sour. Despite the sharp losses, the 25-year-old fund manager is seeking fresh capital from existing backers. The episode highlights the risks of concentrated portfolios, heavy leverage and conviction-driven investing.
South Korea’s Kospi climbs 5%, extending two-day rebound: 3 reasons fueling the rally after July selloff
South Korea's KOSPI surged over 5% on Wednesday, extending its two-day recovery to 7% following a heavy July selloff. The rally was fueled by record highs on Wall Street led by AI earnings, easing oil prices amid US-Iran peace deal talks, and strong fundamental demand for semiconductor giants like Samsung.
AI bubble gone bust? Once a billionaire, how AI investor Leopold Aschenbrenner lost most of his hedge fund’s fortune in days
Aschenbrenner's fund, Situational Awareness, massively grew to as big as $45 billion at the beginning of July before big losses took hold, CNBC reported citing sources. The fund began to see massive losses in recent weeks as its heavyweight AI holdings like SK Hynix sharply crashed, while its short positions in software companies such as Adobe moved sharply against it, the report added.
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SanDisk shares crash 10% as AI chip selloff spreads to memory stocks
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US stock market big jolt today: Why are Dow, S&P 500 and Nasdaq crashing? Dow Jones sinks 1,000 points, Nasdaq tumbles 500 amid oil surge and war fears
The US stock market crash today erased over 1,000 points from the Dow in hours. The Dow Jones Industrial Average fell 1,047 points, down 2.14%. The S&P 500 dropped 1.93%. The Nasdaq plunged more than 500 points, down 2.01%. This sharp stock market selloff followed fresh US-Israel airstrikes on Iran. Investors fear a wider Middle East war. Oil prices surged nearly 8%, with WTI crude near $77 and Brent above $80. Rising crude oil prices are fueling inflation fears. Treasury yields are volatile. Bitcoin slid over 3%. Global markets turned red. Traders are pricing in supply shocks, higher energy costs, and prolonged geopolitical risk. Wall Street is reacting fast to war headlines and inflation pressure.
US stock market crashes again today, Jan. 30 – Why Dow, S&P 500, Nasdaq all in red – Gold and silver prices also down
US stock market crashes again today, Jan. 30. Dow, S&P 500, Nasdaq all in red. Gold and silver prices also down. The Dow Jones Industrial Average dropped 139.16 points to 48,932.40. Markets fell as President Trump nominated Kevin Warsh for Fed Chair. The S&P 500 slid 0.29% to 6,949.07, while the Nasdaq dipped 0.35%. Rising Treasury yields (4.9%) and a stronger dollar crushed gold prices. Investors are now pricing in aggressive trade tariffs and a hawkish shift in US monetary policy.
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