SNDK
NASDAQ · Technology
Sandisk Corp
$1,212.21
-46.37 (-3.68%)
SNDK News30 articles
Micron Dips 1.2% as Storage Selloff Softens on Long-Term Contracts
Micron (MU) slipped 1.2% despite a storage selloff, as multi-year contracts cushion the blow. Citi trims price target to $1,150, maintaining Buy.
Oil Jumps on Hormuz Tension, VIX Slips as Equity Hedging Stays Cool
Brent crude jumped 3.8% on Hormuz supply fears, yet the VIX fell 4.2% to 15.15, signaling limited equity hedging. S&P 500 slipped 0.18%, while payrolls forecast 80K.
S&P 500 Flat as Earnings Optimism Fades; Tech Selloff Deepens
U.S. stocks closed mixed Thursday as robust earnings failed to offset weak guidance, with tech leaders like AppLovin and Datadog dropping sharply.
Micron Rebounds Sharply as AI Memory Demand Offsets Storage Sector Jitters
Micron (NASDAQ:MU) rebounded 8.4% from its session low after the company raised fiscal 2027 earnings forecasts, underscoring investor confidence in AI-driven memory demand.
AI Earnings Shock: $68B Erased as Software Stocks Tumble
AI-related stocks lost $68B in value as software earnings disappointed. Semiconductors rose 1.55%, but AppLovin and Datadog fell sharply. S&P 500 earnings grew 31.1%.
Western Digital Tumbles 15% as Margin Outlook Tempers AI Storage Rally
Western Digital (WDC) dropped 15% in premarket trading as investors focused on slowing margin growth despite strong Q4 results and upbeat guidance.
AI Earnings Bar Too High as Nasdaq Futures Slide
Nasdaq futures fell 0.6% as AI stocks faced elevated earnings expectations. Western Digital, Sandisk, Datadog, and AppLovin dropped despite strong results.
Sandisk Shares Slide Despite Strong Q4 as Guidance Disappoints
Sandisk's Q4 results topped expectations, but shares dropped in extended trading as Q1 guidance fell short of some forecasts and pricing sustainability became a key concern.
Sandisk Stock Drops Despite Strong Q4 as Pricing Drives Growth
Sandisk beat Q4 estimates, but shares slipped as Q1 revenue guidance missed. Pricing drove most of the sequential gain, with datacenter revenue doubling.
Stock Futures Climb as Oil Slumps Ahead of Key Jobs Report and AI Earnings
US stock futures advanced Monday as oil prices plunged over 6% on diplomatic hopes, while investors braced for July jobs data and a busy week of major tech earnings.
Micron Shares Slide 10.6% Amid Memory Price Concerns
Micron shares dropped 10.6% last week, even as the company projected strong Q4 growth, reflecting investor concerns about peak memory pricing.
SK hynix ADR Premium Narrows to 21% as Seoul Shares Rebound
SK hynix shares rebounded 29.95% in Seoul on Friday, yet the ADR premium persists at 20.7%. Robust chip export data and record Q2 earnings underpin the bullish demand narrative.
Micron Stock Slides 10.6% Despite Memory Market Strength
Micron (MU) shares dropped 10.6% this week to $823.03 despite robust memory demand and record gross margins of 86% forecast for Q4.
S&P 500 Gains 1.45% as Microsoft Surge Masks Weak Breadth
The S&P 500 rose 1.45% and Nasdaq 2.53% on Thursday, driven by a 17% surge in Microsoft (MSFT) shares, yet declining stocks outnumbered gainers 2:1, highlighting weak market breadth.
Sandisk's $198B July Plunge: Earnings Hurdle Looms Large
Sandisk shares plummeted 55% in July, erasing nearly $198 billion in market cap, as Q4 EPS consensus rose 5.1% above management's guidance ceiling.
Sandisk Stock Plunges 55% in July, Erasing $198 Billion in Market Cap
Sandisk (SNDK) lost 55% in July, erasing nearly $200 billion in market cap as investor expectations for Q4 earnings outpace guidance.
Micron Shares Slide on Concerns Over Peak Memory Profit Sustainability
Micron shares dropped 5.4% on Wednesday, extending a three-session decline to 15.8%, as investors focus on the durability of peak memory margins rather than near-term earnings strength.
Sandisk Stock Plunges 55% in July as 80% Margins Face Scrutiny
Sandisk shares have tumbled 55% in July, leaving the stock at a potential discount if its 80% margins prove sustainable, but a steep price if they erode.
Micron Tumbles 8.9% as China DRAM Fears Trump Strong Earnings
Micron shares dropped 8.9% despite a profit beat, as investor anxiety over Chinese memory chip competition intensified following a massive IPO for local DRAM maker CXMT.
Sandisk Shares Tumble 11% as China NAND Probe Sparks $49B Valuation Hit
Sandisk shares tumbled 11% to $1,278.23, wiping out $49.2 billion in market cap over two sessions, as a China NAND probe raised supply concerns.
Sandisk Shares Tumble 11% as EPS Forecasts Exceed Company Guidance
Sandisk shares dropped 11% after analyst EPS estimates topped the company's guidance, with the stock swinging from a 5.3% gain to a 14.5% decline.
SanDisk Stock Plunges 11% as Earnings Fuel Cycle Peak Concerns
SanDisk shares dropped 10.8% on Friday, the worst among major storage firms, as strong earnings raised fears of a cyclical peak. The stock still gained 6.0% for the week.
Mixed Close for US Stocks as Market Breadth Broadens
US stocks ended mixed on Friday with the equal-weight S&P 500 outperforming, hinting at a rotation away from megacap tech.
Micron Surges 12% as AI-Driven Memory Pricing Powers Rally
Micron shares surged 12% as AI-driven memory prices fueled a rally, lifting market cap by $119B. Q3 revenue hit $41.46B with gross margins at 85%.
Dow Rises 360 Points as 3M and Caterpillar Lead Blue-Chip Rally
The Dow Jones Industrial Average added 360 points by midday Tuesday, with 3M and Caterpillar contributing over 77% of the gain.
Semiconductor surge lifts US stocks, but market breadth remains mixed
US stocks rose Tuesday as the chip index jumped 4.9%, but market breadth remained uneven. The Nasdaq gained 1.29% and the S&P 500 added 0.81%.
Sandisk Shares Climb 7.6% in Premarket, Recovering a Quarter of Recent Losses
Sandisk shares rose 7.6% to $1,496.33 in premarket trading, recovering 25% of last week's steep losses. The rebound was supported by broader chip sector gains.
Wall Street Ends Flat; AI Stocks Stabilize, AMC Surges on Strong Revenue
U.S. stocks ended Monday with little change as AI chip stocks held gains. AMC soared 26.8% on strong revenue. Treasury yields edged up to 4.59%.
Sandisk's Monday Rebound Recovers Only Fraction of Recent Slide
Sandisk (SNDK) shares jumped 7.4% on Monday, recovering 17.8% of last week's steep 29.3% loss. The chip sector rebounded, but Sandisk's repair was the weakest among peers.
Chip Stocks Surge Propelling Nasdaq Higher Despite Mixed Market
The Nasdaq Composite rose 0.68% led by chip stocks, while the Dow and Russell 2000 fell. Semiconductors are forecast to account for 44% of S&P 500 earnings growth.