According to BlockBeats, on August 8, storage stocks fell sharply while the broader U.S. market rose, with Seagate Technology dropping over 4%, and Western Digital, SanDisk, and SK Hynix ADR declining over 3%. Jefferies slashed SanDisk's 12-month price target from $3,000 to $1,750, while Citi cut its target from $2,500 to $2,100. The Nasdaq rose 1.3% for the day and gained 5.19% for the week, while the S&P 500 reached a record high, up 0.62% on the day.
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