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Why Sandisk Stock Just Dropped

TheMotleyFool

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Why Sandisk Stock Just Dropped: https://g.foolcdn.com/editorial/images/869624/semiconductor-computer-chip-with-the-letters-ai-in-the-middle.jpg

"We're from the government, and we're here to help."

Back in the 1980s, this was the punchline to a Ronald Reagan joke: "What are the nine most terrifying words in the English language?" It's gaining currency today on worries global governments may impose windfall profits taxes on AI companies.

Sandisk (NASDAQ: SNDK) stock is suffering in response, its shares down 5.8% through 10:20 a.m. on worries government is about to kill the golden AI goose.

Source Fool.com

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