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Sandisk stock has been in a bit of slump lately but analysts are still in love with the memory storage play, perhaps even more so than ever. The shares, which have slumped 16% to $1,915 in July, got a new $3,100 price target from Evercore ISI analyst Amit Daryanani in a note Sunday, up from $1,400. Investors were still underappreciating Sandisk Monday as the stock fell around 5% ahead of the open.
Investing.com - U.S. stock futures were mixed on Monday as investors monitored a sharp selloff across the global memory-chip sector and assessed developments in the biotechnology space.
July 13 (Reuters) - Futures tied to the S&P 500 and the Nasdaq fell on Monday, as a fresh escalation between Iran and the U.S. in the Gulf rattled investors' sentiment, drove oil prices higher and
Investing.com -- Global chip stocks fell sharply Monday, led by a record one-day plunge in SK Hynix shares, as investors weighed a fresh escalation in Middle East tensions alongside mounting concerns over valuations in AI-related shares.
Investing.com -- Global chip stocks fell sharply Monday, led by a record one-day plunge in SK Hynix shares, as investors weighed a fresh escalation in Middle East tensions alongside mounting concerns over valuations in AI-related shares.
Cisco and Planet Fitness have been highlighted as Zacks Bull and Bear of the Day
Oil prices jumped and Asian shares were mostly lower Monday after the U.S. carried out airstrikes and Iran retaliated. The price of Brent crude, the international standard, gained 3.9% to $78.96 per barrel, while U.S. benchmark crude oil added 4% to $74.26 per barrel. Prices for both types of crude oil recently had slipped back to the levels they were at before the war with Iran began, after the two sides set an interim agreement on ending the conflict and ships resumed transporting oil through the Strait of Hormuz.
The moves come after SK Hynix’s blockbuster Nasdaq debut on Friday that sent its shares up nearly 13%.
Western Digital Corporation (NASDAQ:WDC) is one of the best performing AI stocks over the last 3 years, with a 3Y CAGR of 173%. On June 15, Morgan Stanley analyst Erik Woodring maintained an Overweight rating and raised his price target to $650 from $488. Woodring’s thesis centered on a widening hard-disk-drive shortage. He estimated demand […]
Micron's AI-fueled rally has cooled, but Seagate and WDC are riding on strong storage demand, margin expansion and upbeat outlook that may power further gains.
Both SanDisk and Micron just posted blockbuster AI-driven quarters, but one of these memory stocks carries a structural flaw that a brutal selloff just exposed in dramatic fashion.
Seagate Technology stock rose Friday, bouncing back from a recent pullback. "With the recent market pullback and increasing confidence in what we view as a path to plus-$50 earnings-per-share and significant (capital) return capacity ahead, we upgrade STX to overweight with a $1,100 price target," Wells Fargo analyst Aaron Rakers said in a note for clients. Rakers previously held a neutral equal-weight view for Seagate and a 900 price target.
Western Digital (NasdaqGS:WDC) is benefiting from a sector-wide rally in AI and memory chip stocks, supported by easing geopolitical tensions. Fresh attention on AI infrastructure follows SK Hynix’s high-profile U.S. IPO and Micron’s large U.S. manufacturing expansion. Western Digital is pushing ahead with high-capacity HAMR drive technology and has secured multi-year commercial agreements running through 2028. Western Digital is back in the spotlight as investors refocus on the storage...
The S&P 500 Index ($SPX ) (SPY ) today is up +0.19%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.11%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.03%. September E-mini S&P futures (ESU26 ) are up +0.19%, and September E-mini Nasdaq futures...
STX sees record cloud commitments and rising AI infrastructure spending fueling demand for its HAMR-based storage, with growth targets climbing higher.
The major stock indexes rose on Friday as South Korean memory chip giant SK Hynix soared in its first day of U.S. trading.
AI demand and cloud spending support KLA and Western Digital, while Apple and Optex face mixed headwinds and opportunities in Zacks' latest research.
ALB earned Bull of the Day after a major earnings beat and rising estimates, while Cars.com landed Bear of the Day on weak traffic and falling forecasts.
Today's Research Daily features new research reports on 16 major stocks, including Apple Inc. (AAPL), KLA Corp. (KLAC) and Western Digital Corp. (WDC), as well as a micro-cap stock, Optex Systems Holdings, Inc (OPXS).
MU and WDC stand out as AI infrastructure plays, with strong revenue growth, expanding margins and upbeat outlooks, despite recent sector pressure.
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.
Between the continued excitement around chipmakers—as seen in the enthusiasm regarding SK Hynix’s imminent U.S. listing—and the sudden reversal in the tech sector’s fortunes earlier this week, the AI trade is flashing mixed signals.
A number of stocks jumped in the morning session after semiconductor stocks rebounded amid dip buying following a recent selloff, as reports revealed that China may ease restrictions on advanced Nvidia AI chip imports.