SanDisk Rout Fuels 100% ETF Liftoff, China Memory Fears Flip Script
SanDisk has plunged 45% since its June high amid fears over China's memory chip push, propelling the SNDQ ETF above 110%.
SanDisk's stock fell a lot because people worry China is making cheaper memory chips, but an ETF tracking semiconductor companies jumped up big. When one company struggles, it can shake up how people feel about the whole industry.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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