$SNDK Is there still hope for SanDisk in semiconductors???

After the U.S. market opened last night, stocks broadly plunged. The main reason for the steep drop among major U.S. companies was that Democrats had restricted AI development, prompting several major players and market whales to dump large amounts of stock and triggering extreme panic. With strict AI regulations, the market will naturally worry that investment in data centers could be delayed, which would inevitably hit the memory sector. SanDisk fell back to near its opening price, with short-term trading looking quite weak. $BNB

Today is the last trading day of the week. Market fears have yet to subside, and there are plenty of uncertainties heading into the weekend. Don’t rush to buy the dip. First, see whether SanDisk can hold a key support level, then watch for sustained buying across the semiconductor sector. Until the market stabilizes, blindly going long will only leave you nursing losses. Buying the dip now is like jumping into a fire pit.

In Fa Ge’s view, SanDisk has yet to attract buying support, so it’s not time to buy the dip; the stock is more likely to fall further. Yesterday, a Democratic lawmaker said they did not support AI, dealing a heavy blow to semiconductors. #AnthropicIPO估值遭大型投资者质疑 #美股遭遇2020年以来最严重抛售