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SanDisk Corporation (NASDAQ: SNDK ) stock extended its downward momentum on Thursday following a sector-wide profit-taking rotation out of high-momentum artificial intelligence (AI) hardware and memory chip stocks. The decline follows a drop on Wednesday, which occurred after a strong multi-month rally. Read Also: Stoc
Sandisk shares are trading higher after Bernstein maintained an Outperform rating on the stock and raised its price target from $1,700 to $3,000.