News
High-signal headlines only - macro events, earnings, M&A, regulatory. Listicles and analyst clickbait filtered out by default. Refreshed hourly.
Yahoo Finance's Josh Lipton takes a closer look at the top stories for investors to watch on Wednesday, Aug. 5, including ADP's private payrolls data and earnings results from Eli Lilly (LLY), Disney (DIS), and Sandisk (SNDK).
Citadel’s purchase of the bulk of the stock portfolio of the AI-focused hedge fund Situational Awareness helped propel its performance last month. Citadel’s flagship Wellington fund, a more diversified vehicle that includes wagers on and against shares alongside credit, commodity, macro and quant positions, gained about 6% in July, while Citadel’s tactical-trading fund gained about 11%, the person said. Citadel snapped up the AI stocks from Situational on July 30, at a discount of greater than 10%, as the San Francisco-based firm was scrambling to raise cash to meet margin calls following a brutal tech selloff, The Wall Street Journal previously reported.
Sandisk has bounced hard off its lows, setting up a limited-risk options trade ahead of earnings.
(Bloomberg) -- A dramatic turnaround in technology stocks has powered a $3.5 trillion increase in the Nasdaq 100’s market capitalization in just four days, driven by strong earnings that have emboldened investors about the AI outlook.Most Read from BloombergTrump Says Iran Talks Going Well as Hopes Rise for Hormuz DealTaco Bell Met With Michigan on Parasite Weeks Before RecallBeer Dynasty Families Sell €731 Million Stake in AB InBevChina’s AI Blitz Creates ‘Death Zone’ for Rival US Model MakersS
Today Federal Reserve speakers: Fed governor Lisa Cook Economic data: the Energy Information Administration’s weekly petroleum status report, U.S. services PMI, global services PMI, ADP employment survey Earnings (a.
Everyone is watching AI chipmakers, but the real battle may be unfolding in memory, and SK Hynix is leading the charge.
Following Leopold Aschenbrenner's fund Whale Rock's flagship fund fell 21.7% in July as AI and chip stocks slid.
REVIEW PREVIEW NEWSLETTER Good Vibes and Blue Skies. Summer heat and humidity may be setting in, but markets are showing no signs of wilting. The gains keep piling up in the first few days of the August as strong earnings, hopes of a sustained ceasefire in the Middle East and a renewed optimism in AI drove major indices higher on Tuesday.
Hard drive makers Sandisk and Western Digital are due to report earnings after the closing bell Wednesday.
Sandisk could work its way back to this number post-earnings.
Sandisk enters its Q4 earnings report with strong momentum as AI-driven demand and improving NAND pricing position the company to deliver another impressive quarter.
Yahoo Finance Markets and Data Editor Jared Blikre examines how semiconductor stocks and the "Magnificent Seven" are once again pushing markets higher.
Anyone who bought a laptop or built a gaming PC this year already felt memory prices climb. DRAM and NAND flash have gotten steadily more expensive as AI data centers absorb nearly every chip factories can produce, according to a Bloomberg analysis. On August 3, SK hynix and Sandisk released the ...
SNDK's fiscal Q4 top line may gain from surging AI data center demand and stronger edge sales tied to AI PCs and premium smartphones.
Sandisk (SNDK) is back in focus after a 47% slide in July, with investors weighing that sharp pullback against strong AI storage themes, fresh HBF standards news, and closely watched earnings this week. See our latest analysis for Sandisk. After a steep pullback that left Sandisk roughly 48% below its late June peak and down 26.2% on a 30 day share price return basis, recent gains including a 17.5% 7 day share price return and a very large 1 year total shareholder return suggest momentum has...
The HBF standard is designed to make it easier for AI systems using processors from different vendors to work together through a common memory architecture.
Sandisk, the top performer in the S&P 500 this year, rose more than 7%, while Marvell Technology popped nearly 12% on Tuesday. With overextended positioning cleared out in July, Wall Street analysts have argued investors were likely to shift back to areas like chip stocks and other AI infrastructure trades given the earnings outlook has only strengthened over the past month.
Samsung had a 39% share of DRAM shipments in the second quarter, according to Counterpoint.
The tech stock rally continued, extending yesterday's gains, but today's rise looks a little different. The tech-heavy Nasdaq Composite was up 1.1%. The tech sector led the S&P 500, up 3.1%. Unlike yesterday, it wasn't the Magnificent Seven stocks doing the heavy lifting.
ROKU heads into Q2 earnings with Platform growth expected to offset device weakness as ad trends and the pending Fox acquisition remain in focus.
FOXA heads into fiscal Q4 earnings with World Cup-driven sports momentum, ad demand and streaming growth in focus as investors watch quarterly results.
Situational Awareness lost 67% in July and sold most of its roughly $16 billion public-equity portfolio to Citadel, Reuters reported on July 30 and July 31. CoreWeave, Inc. (NASDAQ:CRWV) and Sandisk Corporation (NASDAQ:SNDK) were among the concentrated AI holdings caught between falling prices, leverage, and evaporating liquidity. The latest completed 13F quarter shows the scale, […]
AI processors have gotten dramatically faster, but the memory feeding them has struggled to keep pace, creating a bottleneck that no GPU upgrade can fix. Two major chipmakers think they have found the missing piece of the puzzle.