Investing.com — SanDisk shares fell more than 11% following warnings from competitor Kioxia that the surge in NAND flash memory prices may be ending, alongside weak Intel guidance and broader concerns about the AI trade.

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Tokyo-based Kioxia, which competes with Samsung Electronics Co., SK Hynix Inc., and Micron Technology Inc., reported expectations for an operating profit of ¥2 trillion ($12.7 billion) in the current quarter.

The forecast fell short of analyst estimates of ¥2.35 trillion and indicated nearly flat quarter-on-quarter price increases.…