On June 5, SanDisk fell 4.93% in regular trading, trading at approximately $1,667.56 per share, with trading volume of $1.86 billion. The decline came amid broad-based selling pressure across the storage and semiconductor sectors.

On the news front, Broadcom reported Q2 revenue of $22.19 billion, missing market expectations. More critically, its Q3 AI semiconductor revenue guidance of approximately $16 billion fell significantly short of the analyst consensus of $17.2 billion, while full-year AI chip revenue guidance of $56 billion also missed expectations of $57.6 billion. Broadcom shares plunged over 12%, sending the Philadelphia Semiconductor Index down more than 6% intraday and triggering a broad selloff across storage names.

Within the Technology Hardware, Storage and Peripherals sector, Western Digital fell 6.14%, Seagate Technology declined 4.1%, and Dell Technologies dropped 2.81%. Micron Technology also fell sharply, with the entire storage chip complex under heavy pressure. Additionally, rising inflation expectations and anticipated Bank of Japan rate hikes added headwinds to growth stocks broadly.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)