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Chip stocks jump as Strait of Hormuz reopens
TheStreet59d agobullish
Chip stocks jump as Strait of Hormuz reopens

Memory and storage chip companies surged on Monday, June 15, after the United States and Iran announced a peace agreement that will reopen the Strait of Hormuz. The rally didn't come about because the AI trade suddenly changed; it came about because the single biggest threat to it just got removed. ...

Cantor Fitzgerald Increases Price Target for Sandisk Corp. (SNDK)
Insider Monkey59d agoneutral
Cantor Fitzgerald Increases Price Target for Sandisk Corp. (SNDK)

Sandisk Corp. (NASDAQ:SNDK) is one of the 10 best computer hardware stocks to buy for the next 5 years. On June 8, Cantor Fitzgerald increased the target price for Sandisk Corp. (NASDAQ:SNDK) from $1,800 to $2,900, resulting in a revised upside potential of more than 74%. The firm also upheld its Overweight rating on the […]

SpaceX IPO Puts Spotlight On Sandisk’s AI Memory Demand Story
Simply Wall St.59d agoneutral
SpaceX IPO Puts Spotlight On Sandisk’s AI Memory Demand Story

SpaceX has completed an IPO, unlocking fresh capital for expansion into AI and data infrastructure. Investors are watching how this new AI push could translate into demand for high performance memory products. Sandisk, traded as NasdaqGS:SNDK, supplies memory solutions that are widely used in data intensive computing. For you as an investor, the key link is between SpaceX's new funding and the hardware needed to support AI workloads. AI models require fast, reliable storage and memory, and...

Chip stocks surge, oil slides closer to $80 on US-Iran deal, Fox to acquire Roku
Yahoo Finance Video59d agobullishVIDEO
Chip stocks surge, oil slides closer to $80 on US-Iran deal, Fox to acquire Roku

Yahoo Finance Senior Reporter Brooke DiPalma comes on Market Domination to further discuss today's biggest headlines, including memory chip stocks like Micron Technology (MU) surging as Wall Street leans more bullish on the AI trade, oil prices (CL=F, BZ=F) moving closer to $80 per barrel on news of a US-Iran peace deal, and media giant Fox (FOX, FOXA) striking a deal to acquire Roku (ROKU) for $22 billion.

Semiconductor ETFs Now Dominate the Most‑Traded List — A Signal You Can’t Ignore
24/7 Wall St.60d agoneutral
Semiconductor ETFs Now Dominate the Most‑Traded List — A Signal You Can’t Ignore

The semiconductor rally has continued to act as a trader’s playground. In a recent comment on X, Eric Balchunas, a senior ETF analyst, remarked on a snapshot of his that half of the most-traded ETFs on that day (that was at the start of June) were related to the semiconductor industry. Balchunas has his fair ... Semiconductor ETFs Now Dominate the Most‑Traded List — A Signal You Can’t Ignore

Stocks Soar on US-Iran Peace Agreement
Barchart60d agobullish
Stocks Soar on US-Iran Peace Agreement

The S&P 500 Index ($SPX ) (SPY ) today is up +1.62%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.73%. June E-mini S&P futures (ESM26 ) are up +1.61%, and June E-mini Nasdaq futures...

Micron and Western Digital Climb 8%, SanDisk Rises 6% on Iran Truce
24/7 Wall St.60d agobullish
Micron and Western Digital Climb 8%, SanDisk Rises 6% on Iran Truce

Memory and storage stocks are surging on the morning of Monday, June 15, after news of a U.S.-Iran peace agreement reopened risk appetite across global equities. Micron Technology (NASDAQ:MU) stock is up 8% to around $1,060 in early action, climbing back above the $1,000 level. Western Digital (NASDAQ:WDC) stock is up 8% to $607, while ... Micron and Western Digital Climb 8%, SanDisk Rises 6% on Iran Truce

Is Sandisk Corporation (SNDK) A Good Stock To Buy Now?
Insider Monkey62d agobullish
Is Sandisk Corporation (SNDK) A Good Stock To Buy Now?

Is SNDK a good stock to buy? We came across a bullish thesis on Sandisk Corporation on Kumquat Research’s Substack. In this article, we will summarize the bulls’ thesis on SNDK. Sandisk Corporation’s share was trading at $1,642.00 as of June 8th. SNDK’s trailing and forward P/E were 60.14 and 27.17 respectively according to Yahoo Finance. Sandisk […]

Sandisk’s AI Memory Contracts Reshape Earnings Visibility Versus Rich Valuation
Simply Wall St.62d agoneutral
Sandisk’s AI Memory Contracts Reshape Earnings Visibility Versus Rich Valuation

Sandisk (NasdaqGS:SNDK) has secured multi year supply agreements tied to the AI driven memory market. These contracts include over US$42b in contractual revenue commitments and embedded pricing mechanisms. The new model aims to provide greater earnings visibility and reduce exposure to traditional NAND memory cycles. Sandisk, a major player in flash storage and memory solutions, is reshaping how it participates in the AI driven memory market. The shift toward multi year supply deals with...

SpaceX stock gains, space companies fall, chips mixed on IPO news
Yahoo Finance Video62d agobearishVIDEO
SpaceX stock gains, space companies fall, chips mixed on IPO news

Yahoo Finance Senior Reporter Brooke DiPalma joins Market Domination to tackle today's top trending tickers, including the momentum driving SpaceX (SPCX) shares in Friday's session after the company's IPO, the impact it is having on other space stocks Virgin Galactic (SPCE) and Rocket Lab (RKLB), and how semiconductor stocks such as Micron Technology (MU) and Nvidia (NVDA) are moving on the historic public offering.