Why Sandisk and Western Digital crashed 10% and what it means for bitcoin
Sandisk and Western Digital stocks fell significantly despite strong earnings reports, as investors reacted negatively to weaker-than-expected revenue guidance. The market shift suggests a potential rotation of capital away from AI-heavy tech stocks toward assets like gold and bitcoin.
Sandisk posted record fourth-quarter revenue of $8.97 billion and non-GAAP EPS of $39.25, comfortably beating expectations. Western Digital also delivered a double beat, reporting revenue of $3.75 billion , up 44% year over year, while its gross margin surged to 54.4%. Despite those results, both stocks are now trading roughly 50% below their all-time highs.
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