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Sandisk stock falls despite strong earnings report as investors ‘sell the news’ after powerful rally

What happened: Sandisk (SNDK) stock fell more than 6% in premarket on Friday. What’s behind the move: Investors appeared to “sell the news” after the memory chipmaker posted strong beats on the top and bottom lines in its fiscal third quarter. Revenue of $5.95 billion increased from $4.72 billion, and the company’s adjusted earnings of…

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Most Powerful People Working in AI 2026

Activists, filmmakers and actors It began with a dire warning — and a call to arms. In a 2025 panel discussion, Daniel Kwan, one half of the directorial tandem behind Everything Everywhere All at Once, set the existential stakes. “We have to understand that AI is fundamentally incompatible with our institutions,” said Kwan, who called on studios,…

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