Why Sandisk Stock Is Still Dropping
Sandisk (NASDAQ: SNDK) stock sold off for a second straight day Thursday -- but why?
Shares of NAND semiconductor memory chip manufacturer tumbled 9.6% through 11:15 a.m. ET after Taiwan Semiconductor Manufacturing Company (NYSE: TSM) beat analyst estimates in its Q2 earnings report, growing profits 77% year over year. But TSMC also warned investors will spend upwards of $60 billion on capital investment this year, versus prior forecasts of about $54 billion.
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Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Aktie
350,50 €
0,57 %
Klarer Community-Favorit: Taiwan Semiconductor Manufacturing Co. Ltd. ADR mit vielen Buy- und wenigen Sell-Einschätzungen.
Das Kursziel von 400 € für Taiwan Semiconductor Manufacturing Co. Ltd. ADR weist auf ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 350.5 € hin.
