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Why Does Sandisk Stock Keep Going Down?

TheMotleyFool

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Sandisk (NASDAQ: SNDK) stock is in a three-day slump.

Spooked by reports that Korea might want to tax AI profits earlier in the week, Sandisk shares sold off Tuesday -- and then kept on going down. Shares of the company, which specializes in producing NAND flash memory for use in artificial intelligence, slipped another 4.3% through 10:55 a.m. ET Thursday.

And there doesn't seem to be any bad news to explain it.

Source Fool.com

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