Sandisk Corporation (NASDAQ:SNDK) stock has been volatile on Wednesday as chip stocks weakened alongside broader market softness and profit-taking from the previous session.
Market momentum slowed as U.S. index futures moved lower. Nasdaq futures fell 0.36%, while S&P 500 futures shed 0.15%, putting pressure on tech sector valuations.
Sandisk is scheduled to report fourth quarter earnings on August 5. Analysts estimate earnings per share of $33.38 and quarterly revenue of $8.24 billion.
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