News
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Major indexes edged lower as the yield on the 10-year Treasury note pushed past 5%. Markets have had a lot to digest this week: a quarter-point interest-rate hike, fluctuating fuel prices and big tech's P(doom)--aka the probability that AI results in a existentially catastrophic outcome, according to the Silicon Valley ecosystem.
Sandisk (NasdaqGS:SNDK) faces fresh competition as China's CXMT Corp. moves to enter the NAND flash memory market. CXMT, known for DRAM, is setting up a dedicated NAND R&D line to build out its flash memory capabilities. The Chinese semiconductor firm has started early discussions with potential NAND customers, including at least one AI startup focused on memory needs. The CXMT push into NAND and AI memory is important, but it should be considered alongside other factors in Sandisk's story...
The chipmaker got a boost from its upcoming inclusion in a high-profile benchmark.
The S&P 500 Index ($SPX ) (SPY ) is down by -0.11% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down by -0.39%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.09%. December E-mini S&P futures (ESZ26 ) are down -0.15%, and December E-mini...
China’s CXMT Corp. is reportedly preparing to enter NAND flash memory after capturing nearly 10% of global DRAM revenue, a move that could eventually pressure Micron Technology Inc. (NASDAQ:MU) and SanDisk Corp. (NASDAQ:SNDK) in a fast-growing part of the AI...
WDC and SNDK offer distinct paths to AI-driven storage growth, with divergent margins, risks and exposure to HDDs versus NAND flash.
The project is estimated at between Y2tn and Y3tn ($12.67bn-$19.01bn) and would broaden the scope of Japan's tariff-related investments.
With a plan in place, it's possible to make the most of a bear market.
CXMT—which is a specialist in dynamic random-access memory (DRAM)— intends to establish a NAND flash memory research-and-development production line at a new factory in Beijing, Reuters reported Friday, citing people familiar with the matter. DRAM is short-term working memory that computers and AI hardware use to manage active data and running processes. NAND flash memory is used for longer-term storage.
Sandisk and Micron are undervalued relative to their expected growth.
The Sandisk run is not over yet.
Putting the memory shortage in context and why Micron and Sandisk shares could still have room to run.
SanDisk (SNDK) has returned nearly 1,600% over the past twelve months and still trades at 19.5 times earnings, against an S&P 500 median of 22.4. It sits about 35% below its 52-week high. A cash-generative business priced under the market is where value buyers start. The question is whether those earnings are a new normal or the top of a memory cycle.
The S&P 500 Index ($SPX ) (SPY ) is up by +0.91% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.45%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.31%. E-mini S&P futures (ESU26 ) are up +0.91%, and September E-mini Nasdaq...
FEATURE Stock futures were rising on Thursday as investors got over the worst of their worries about the Federal Reserve’s interest-rate hike. Chip and memory stocks were trading higher ahead of the opening bell, despite fresh concerns about a slowdown in the development of artificial intelligence.
Memory has become a binding constraint for artificial intelligence (AI) data center build-outs.
Sandisk (SNDK) has just reshaped its balance sheet by signing a fresh amendment to its loan agreement that refinances its revolving credit facility and locks in up to US$1.5b in flexible borrowing capacity. Recent trading tells a story of cooling momentum. Sandisk’s share price has retreated over the past week and quarter, with the 7 day share price return down 11.9% and the 90 day share price return down 21.9%. This comes even though the 1 year total shareholder return is very large after a...
Sandisk Stock Split Buzz Grows as Shares Top $1,500
Sandisk rides on surging AI-driven Edge storage demand as device content rises, but Micron and Seagate pose formidable competitive threats.
Stock Market Today: The Dow Jones index drops Tuesday as the 10-year Treasury yield reaches its highest level since 2007. Nvidia stock rises.
FEATURE Stock futures were falling on Tuesday as a rally in oil prices drove the yield to its highest level in more than 19 years. Chip and memory stocks were edging higher, having taken a battering on Monday after several top executives called for a slowdown in AI development.
September S&P 500 E-Mini futures (ESU26) are down -0.14%, and September Nasdaq 100 E-Mini futures (NQU26) are down -0.13% this morning, trimming most of their earlier losses as a retreat in oil prices from session highs eased pressure on Treasuries.
The company’s Tokyo-listed shares have surged almost 400% this year, giving it a market value of about $183 billion.
A split would matter to Sandisk's shot at one well-known index and to options traders -- and not at all to what the business is worth.
Shares of leading data storage manufacturer Western Digital (NASDAQ: WDC) fell 4.8% in the afternoon session after the company announced the redemption of all $109.5 million of its 3% convertible notes amid broader weakness across AI memory and storage stocks.
