Stock Track | SanDisk Corp. Plummets 5.35% in Pre-Market as Broadcom's AI Chip Guidance Miss Triggers Semiconductor Sector Selloff

Stock Track

Jun 05

SanDisk Corp. (SNDK) shares plummeted 5.35% in pre-market trading on Friday, amid a broad downturn in semiconductor and AI-related stocks.

The sharp decline was triggered by a sector-wide selloff following disappointing guidance from chipmaker Broadcom. Broadcom reported its second fiscal quarter revenue and, more critically, guided for third-quarter AI semiconductor revenue significantly below analysts' expectations. This miss in AI chip revenue forecasts prompted investors to retreat from companies tied to the artificial intelligence theme.

The storage sector came under synchronized pressure as a result, with multiple companies including SanDisk experiencing declines. The selloff in AI-related stocks appeared poised to continue from the previous session, affecting a wide swath of companies in premarket trading.

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Plummets 5.35% in Pre-Market as Broadcom's AI Chip Guidance Miss Triggers Semiconductor Sector Selloff\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-06-05 21:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SanDisk Corp. (SNDK) shares plummeted 5.35% in pre-market trading on Friday, amid a broad downturn in semiconductor and AI-related stocks.</p><p>The sharp decline was triggered by a sector-wide selloff following disappointing guidance from chipmaker Broadcom. Broadcom reported its second fiscal quarter revenue and, more critically, guided for third-quarter AI semiconductor revenue significantly below analysts' expectations. 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