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SanDisk falls 22% on heavy volume as hedge funds dump AI bets

SanDisk falls 22% on heavy volume as hedge funds dump AI bets
AI summary

SanDisk shares fell 22% on triple their average volume as hedge funds sold off AI-related positions, wiping out the stock's gains since March. The report raises the question of whether a fund blowup could follow the selloff. Crypto traders care because forced deleveraging in AI-linked equities can spill into risk assets and tighten liquidity across markets.

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