Why Sandisk and Western Digital crashed 10% and what it means for bitcoin
CoinDesk·
60-second summary
SanDisk and Western Digital's stocks crash 10% despite strong earnings, sparking concerns that capital is shifting from AI winners to crypto. This rotation could fuel a potential bitcoin price surge, as investors redirect funds from traditional tech into emerging markets. Market watchers now await signs of increased crypto investment and its impact on bitcoin prices.
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.