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 Stock
€364.50
3.400%
The stock is one of the favorites of our community with 28 Buy predictions and 2 Sell predictions.
With a target price of 392 € there is a slightly positive potential of 7.54% for Taiwan Semiconductor Manufacturing Co. Ltd. ADR compared to the current price of 364.5 €.
