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Chip stocks regain some ground after whipsaw of a trading week
Yahoo Finance Video34d agoneutralVIDEO
Chip stocks regain some ground after whipsaw of a trading week

While South Korean memory chipmaker SK Hynix (000660.KS) makes its debut on US market with a fresh listing on the Nasdaq, Yahoo Finance Markets and Data Editor Jared Blikre and Senior Business Reporter Ines Ferré take a closer look at the semiconductor landscape and memory chip trade.

SK Hynix Debut Tests Memory-Chip Stock Demand
Investor's Business Daily34d agobullish
SK Hynix Debut Tests Memory-Chip Stock Demand

South Korean memory-chip maker SK Hynix is poised to make its U.S. trading debut on Friday. The company will trade through American depositary receipts under the Nasdaq ticker SKHY. Late Thursday, SK Hynix sold 177.

US stocks end higher; chip surge offsets Iran worries
Reuters Videos35d agobullishVIDEO
US stocks end higher; chip surge offsets Iran worries

<body><p>STORY: U.S. stocks closed higher on Thursday, with the Dow adding more than a quarter of a percent, the S&P 500 climbing more than eight-tenths of a percent and the tech-heavy Nasdaq gaining 1.3%</p><p>:: Micron Technology</p><p>Chip stocks rallied, sparked by a 4.5% jump in shares of Micron Technology. The memory chip maker laid out plans to invest more than $250 billion in domestic chip manufacturing through 2035 to boost supply amid the AI boom.</p><p>Micron's peers also joined the rally, with Applied Materials climbing more than 3% and SanDisk surging over 7.5%.</p><p>AI-related stocks have been volatile lately as investors worried about the sustainability of a rally that has helped Wall Street reach record levels in 2026.</p><p>Gina Martin Adams is chief market strategist at HB Wealth.</p><p>"Tech has obviously been in the limelight of equity markets for a while, but that worked against stocks in the month of June. We'll see if the month of July brings something different. Obviously, the sector is dealing with a lot of issues, including the upcoming earnings season, where expectations are pretty high, as well as a tremendous amount of new shares coming to the market. First with SpaceX and now with SK Hynix out of South Korea."</p><p>Shares of Meta Platforms rose more than 4.5% after Reuters reported that the company plans to manufacture AI chips starting in September.</p><p>:: PepsiCo</p><p>Elsewhere in the market, shares of PepsiCo fell more than 3% despite the company beating second-quarter revenue estimates. PepsiCo warned of higher commodity costs in the second half of the year at a time when the snack and beverage giant is increasing investments and lowering prices to attract value-conscious consumers.</p><p>And shares of Costco sank more than 4% to a six-month low after the retailer reported decelerating comparable sales for June.</p></body>

SanDisk set for earnings upside as Wedbush lifts price target
Proactive35d agoneutral
SanDisk set for earnings upside as Wedbush lifts price target

SanDisk (NASDAQ:SNDK) could see upside in its upcoming fiscal fourth-quarter 2026 report, according to Wedbush Securities, which raised its price target on the stock to $2,000 from $1,200. The semiconductor firm's management had guided fiscal fourth-quarter sales to a range of $7.75 billion...

Memory Stock Surge Sets Stage for SK Hynix's U.S. Trading Debut
Barrons.com35d agobullish
Memory Stock Surge Sets Stage for SK Hynix's U.S. Trading Debut

SK Hynix is set to begin trading on the U.S. market on Friday adding to the mounting memory hype on Wall Street. The South Korean memory chip maker will list its American depositary receipts on the Nasdaq under the ticker “SKHY.” The ADR listing is highly anticipated with some reports signaling it is more than seven times oversubscribed.

Sandisk (SNDK) Secures Meta NAND Deal As AI Infrastructure Demand Comes Into View
Simply Wall St.35d agoneutral
Sandisk (SNDK) Secures Meta NAND Deal As AI Infrastructure Demand Comes Into View

Sandisk (NasdaqGS:SNDK) has entered a multi-year NAND flash memory supply agreement with Meta Platforms. The deal names Sandisk as a key supplier for Meta’s planned AI computing infrastructure build-out from 2026 onward. The agreement links a portion of Sandisk’s future NAND demand to one of the largest global technology companies. For investors watching Sandisk, this new agreement with Meta comes after a sharp share price move and sets a fresh reference point for expectations. The stock...