Why Sandisk and Western Digital crashed 10% and what it means for bitcoin
Strong earnings from SanDisk and Western Digital were not enough to satisfy investors, raising questions about whether capital is beginning to rotate from AI winners into crypto.
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Summary
- Sandisk and Western Digital fell roughly 10% in pre-market trading as their forward outlooks failed to match elevated expectations.
- Sandisk and Western Digital have gained more than 3,000% and 550%, respectively, over the past 12 months, propelled by the AI boom and leaving assets such as crypto and precious metals in the rearview mirror.
- Now with AI momentum cooling, gold surging and bitcoin holding above $64,000, crypto may be preparing for a resurgence.
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Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Why it matters:
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
