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Sndk

All articles tagged with #sndk

business13 days ago•23 min saved

Sandisk Takes the Lead: AI Storage Sparks 2026’s Top Market Run

SanDisk has surged as 2026’s top S&P 500 performer, rising about 780% year‑to‑date and more than 3,900% since its 2025 spin‑off from Western Digital. The rally is driven by an AI storage boom that boosts NAND flash demand across data centers and devices, aided by disciplined memory supply and rising NAND prices. While Micron trails, the memory cycle remains highly cyclical, so investors should expect greater volatility in the second half of 2026 even if profits stay solid and AI infrastructure spending remains robust.

via 24/7 Wall St.|

#ai-storage #business #memory-market

markets14 days ago•21 min saved

SanDisk Rally Signals Risk: 27% Downside Ahead

SanDisk has surged ~4,800% in the past year on an AI memory cycle, but 24/7 Wall St.'s price target of $1,704.60 implies ~27% downside from current levels, with a bear case near $1,204. The note cites a sky‑high RSI near 99, lofty valuation, and reliance on multi-year contracted revenue; bulls see potential upside if those contracts hold, but the risk/reward is unfavorable at current prices, leading to a SELL recommendation with 90% model confidence.

via 24/7 Wall St.|

#downside #markets #price-target

business26 days ago•13 min saved

DRAM Breakout Ignites Memory-Stock Rally in WDC, MU, STX, and SNDK

Memory-chip names led the session as Western Digital (WDC) jumped about 16%, Micron (MU) up ~11%, Seagate (STX) ~9.4%, and SanDisk (SNDK) ~6.5%, with the Roundhill Memory ETF climbing ~9% on the DRAM upcycle. Morgan Stanley lifted WDC’s price target to $650 citing stronger HDD demand and new UltraSMR/HAMR products, while SK Hynix and Samsung also gained. The broader rally followed a US–Iran peace deal, with the memory sector showing notable year-to-date gains (SNDK ~788%, MU ~280%, WDC ~280%, STX ~271%), and StockTwits sentiment flipping to bullish for WDC.

via Yahoo Finance|

#business #dram #mu

markets1 month ago•12 min saved

Broadcom's AI forecast miss drags memory names MU, SNDK, WDC as retail buys the dip

Broadcom’s forecast for AI chip revenue in Q3 came in below expectations and left its FY2027 outlook unchanged, triggering a broader dip in memory stocks MU, SNDK, and WDC as investors reassessed AI demand. Micron led the declines after Broadcom’s results, while retail traders on StockTwits swung MU to bullish as they bought the dip, though sentiment for SNDK and WDC remained bearish. Demand for memory chips remains strong with much of output already booked for the next two years.

via Yahoo Finance|

#broadcom #markets #memory-stocks

market-news2 months ago•16 min saved

AI Memory Boom Spurs MU Advantage Over SNDK, Investor Says

The AI infrastructure boom is lifting Micron and SanDisk as memory demand surges. Micron reported $23.9 billion in Q2 revenue with guidance of about $33.5 billion for the next quarter and is aiming for an ~81% gross margin in Q3, while SanDisk posted $5.95 billion in Q3 revenue with a 78.4% gross margin. An investor calling themselves Alpha Analyst recommends a relative trade: stay long MU for stronger AI‑memory durability and hedge with a short SNDK, citing MU’s cheaper forward EV/EBITDA (roughly 8x vs. SNDK ~16x) and tighter HBM/DRAM supply constraints. However, the piece notes valuations are stretched and warns against naked buys if AI capex growth slows, making MU the more durable long‑term play.

via TipRanks|

#ai-memory #market-news #micron

business2 months ago•21 min saved

SanDisk Valuation Hype Faces Reality: 32% Downside Ahead

SanDisk's AI-driven NAND rally has pushed the stock to about $1,002.35, but 24/7 Wall St. projects a 12‑month target of $681.04—a ~32% downside—with a Sell rating and 90% confidence. Despite a Q2 EPS beat of $6.20 (about 75% above estimates) and Q3 revenue guidance of $4.40–$4.80B, analysts warn the rally may be priced beyond fundamentals given NAND cyclicality and potential overhangs, while bulls see upside to $1,350–$2,600 if memory demand remains strong.

via 24/7 Wall St.|

#business #earnings #price-target

market-news3 months ago•15 min saved

Memory stock slide cools after Google AI memory tweak, analysts stay upbeat

Micron (MU) and SanDisk (SNDK) opened lower Monday with no company-specific news, as investors priced in weaker memory-demand expectations after Google’s TurboQuant AI-memory compression. MU is down about 8% and SNDK about 7%, with a five-day drop over 17%. Despite the selloff, analysts remain largely bullish: Morgan Stanley’s Joseph Moore reiterates Buy on both names with targets around $520 for MU and $690 for SNDK, noting TurboQuant affects only KV Cache memory, not overall memory. Other voices dismiss the pullback, arguing the sector’s up–side remains intact. TipRanks’ comparisons also point MU having higher upside than SNDK (roughly 58% vs 17.7%).

via TipRanks|

#ai #googl #market-news

market-news3 months ago•16 min saved

SanDisk Stock Dips as AI Efficiency Debate Clouds Memory Demand

SanDisk (SNDK) slid about 7% after Google's TurboQuant AI compression tech raised questions about future memory demand; the stock had also fallen following a $1B investment in Nanya Technology. Bank of America’s Wamsi Mohan remains constructive on NAND demand, citing hyperscalers and AI workloads, and notes SanDisk’s move toward longer-term, higher-margin contracts that could sustain growth. He carries a Buy rating with a $900 target, while the broader Street shows a Positive tilt with a Strong Buy consensus and upside potential. The key takeaway is that near-term volatility driven by AI efficiency chatter masks a still intact longer-term NAND demand story.

via TipRanks|

#ai #market-news #memory

market-news3 months ago•16 min saved

Google TurboQuant Sparks Memory-Stock Pullback, Analysts Urge Buying the Dip

Micron (MU) and SanDisk (SNDK) slid in pre-market trading after Google unveiled TurboQuant, an AI-memory compression tech that could reduce memory demand; MU fell about 7% and SNDK about 11%, with peers WDC and STX also down as the sector weighs potential weaker DRAM/NAND demand. Analysts are split on the impact: KC Rajkumar sees limited 3–5 year demand destruction and maintains a MU price target around $700, while Andrew Rocha cautions that AI memory needs could shrink demand if adoption is rapid. TipRanks data suggest MU has the strongest upside among major memory names, making the recent drop a potential buying opportunity for some investors.

via TipRanks|

#ai-memory #googl #market-news

market-news3 months ago•16 min saved

Memory Makers Retreat After Micron’s Capex Push Sparks Sector Selloff

Memory and storage stocks SNDK, WDC, and STX fell in early trading after Micron reported strong results but signaled higher capital spending, triggering a sector-wide pullback despite solid AI data-center demand for storage. The move appears sentiment-driven and short-term, with fundamentals for the group remaining intact and long-term AI demand supportive.

via TipRanks|

#market-news #memory #mu

market-news4 months ago•14 min saved

WDC Stake Sale Sparks SanDisk Selloff Amid Debt Move

SanDisk stock fell about 5.7% on February 17 and slid another ~2% in after-hours trading after Western Digital disclosed plans to exit its entire SanDisk stake by selling 7.51 million shares at $535–$555, raising up to $3.09 billion to reduce debt. SanDisk will not receive any proceeds. The sale aims to swap SanDisk shares for debt held by JPMorgan and Bank of America and comes as AI-driven demand supports NAND/DRAM demand. Analysts show mixed views on SNDK, with a Moderate Buy consensus and an average target around $637.33, implying roughly 8% upside from current levels.

via TipRanks|

#debt-reduction #market-news #sndk

markets5 months ago•22 min saved

Sandisk’s rally accelerates as earnings blowout underscores looming NAND supply crunch

Sandisk posted a standout quarter with revenue guidance nearly 60% above expectations and profit outlook well ahead of estimates, prompting Raymond James to upgrade the stock and flag a potential supply-demand imbalance in NAND that could keep demand outpacing supply for years. The stock jumped around 13% intraday, continuing a multi-year rally since its split from Western Digital.

via MarketWatch|

#earnings #markets #nand-memory

business5 months ago•2 min saved

SanDisk stock rockets after strong Q2 results, extends Kioxia JV through 2034

SanDisk posted Q2 2026 revenue of $3.03B (up 31% QoQ, 61% YoY) with non-GAAP EPS of $6.20 and a gross margin of 51.1%. Datacenter revenue rose 76% and the company guided Q3 revenue of $4.4–$4.8B with non-GAAP EPS of $12–$14. It also extended its joint venture with Kioxia through Dec. 31, 2034 and will pay $1.16B for manufacturing services 2026–2029. In after-hours trading, SNDK jumped about 22% to around $660 following the results and JV news.

via Benzinga|

#business #earnings #kioxia