SanDisk Stock News

Investors are spooked by Tesla's cut to its near-term spending target and Lam Research's weaker-than-expected forecast,

Western Digital, Sandisk, Datadog, Twilio and Amazon led the S&P 500 index in Monday's stock market trading as artificial intelligence plays rebounded. Western Digital gained 6.1% to 352.

It's a key week for tech stocks as Nvidia gears up for a European conference and Meta prepares to report earnings.

AI chip startup Tenstorrent more than doubles its valuation to $6.2 billion in funding round

Micron and SanDisk shares rose in US pre-market trading on Monday, recovering part of last week's heavy losses as investors returned to technology stocks following a bruising sell-off. Micron gained 2.6% to $901.76, while SanDisk advanced roughly 4% towards $1,350.

AI stocks including Intel, Sandisk, and CoreWeave all rise, while shares of oil majors dip amid a retreat in crude prices.

The S&P 500's strong overall performance reflects its heavy weighting at the top. Under the surface, more than a third of the index's stocks are down at least 20% from their 52-week highs.

The AI trade is having a rough week.