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The S&P 500 cruised through the latest round of earnings reports and inflation data to close at a record high on Thursday. The Nasdaq Composite was up 0.8%. Artificial intelligence stocks were once again at the vanguard, but a broad collection of S&P 500 stocks closed higher.
(Updates with index/price moves from the first paragraph.) US equity indexes rose, with the S&P 5
Sandisk Stock Jumps as New Forecast Points to Strong Growth and Cash Flow
Micron and Sandisk are primed to skyrocket.
Investor Day targets 50% free-cash-flow margins.
New targets could dramatically reshape Sandisk's investment case
A Korea-sparked overnight surge lit the fuse, but SanDisk's investor day dropped on top of an already-moving sector with some of these names still sitting deep in the red from last month. Here is what is actually driving the storage stack today and whether the momentum holds.
Shares of leading memory chipmakers soared on Thursday as SanDisk’s optimistic long-term margin and revenue projections restored investor confidence.
Sandisk on Thursday said it expects revenue to grow at a mid-to-high-teens percentage rate from fiscal years 2028 to 2030, encouraged by strong demand amid rapid AI infrastructure buildout. The company said the projection is in line with growth in the amount of storage capacity it produces, a metric the industry calls "bit growth." • Speaking at Sandisk's Investor Day, finance chief Luis Visoso said the company expects adjusted gross margins to remain at around 80% over the same period.
Sandisk and Micron are surging on blowout earnings, lifting a handful of memory ETFs with them, but which fund you own today could mean the difference between capturing the rally and barely feeling it.
SanDisk shares have already surged nearly 2,800% in a year, yet Wall Street keeps raising its targets. The real question is whether the forces driving this run have enough left to carry the stock into uncharted territory.
One company's investor day just ignited a sector-wide rally, and the reason why has Wall Street rethinking everything it assumed about memory chip economics.
CSCO's fiscal Q4 earnings and revenues rise y/y as networking demand surges, fueled by AI infrastructure, data center switching and campus growth.
Sandisk stock jumped after the memory-chip maker gave an upbeat presentation at an analyst meeting in New York City.
SanDisk just dropped a multi-year financial model at its Investor Day, and the ripple hit equipment stocks hard and fast. Here is what the targets signal about memory capital spending through 2030 and which semiconductor names stand to gain the most.
The Dow’s early gains have faded away, but the S&P 500 is up to its highest levels on record. The Dow Jones Industrial Average was down 90 points, or 0.2%, after rallying 200 points earlier in the morning. The S&P 500 was up 0.4% and on pace for a record close.
By Avinash P and Purvi Agarwal Aug 13 (Reuters) - The S&P 500 climbed to an intraday record high on Thursday, powered by advances in semiconductor and other heavyweight technology stocks, as a retreat
Sandisk expects adjusted gross margins to remain at around 80% through 2030 as demand for memory continues to outstrip supply.
Sandisk (NASDAQ:SNDK) stock is surging 15% to $1,545.35 on Thursday as investors digest the memory maker’s new long-term financial model and growth strategy. Sandisk’s 2026 Investor Day laid out an ambitious framework for fiscal 2028 through fiscal 2030, including mid-to-high teens revenue growth, approximately 80% non-GAAP gross margins and approximately 50% adjusted free cash flow ... Sandisk Unveils Multi-Year Financial Model and Growth Strategy, Memory Stocks Soar
Investing.com -- SanDisk (Nasdaq: SNDK) shares rose 12% following the company’s "In Focus" 2026 Investor Day, where leadership outlined a highly optimized financial model, durable customer partnerships, and a leading NAND technology roadmap designed to drive sustainable long-term value in the AI era. “Our strong performance today is the direct result of disciplined execution against the strategy we outlined 18 months ago,” said David Goeckeler, Chairman and CEO of SanDisk. Goeckeler highlighted
CFO Luis Visoso said the company plans to return 100% of excess cash to shareholders after investing in the business.
Sandisk has $35 billion burning a hole in its pocket. How will Sandisk spend it?
MU's AI memory push drives surging revenues and faster HBM4 execution as it battles SK Hynix in HBM and Sandisk in data-center storage.
The market is worried about what's happening next. Should you be, too?
SNDK and AMKR are AI-driven semiconductor plays with sharp recent declines, solid estimates and significant upside potential.
Stock Market Today: The Dow Jones index rises Thursday after surprise key inflation data. Cisco and AI stock Cerebras plunge on earnings.
External factors have been weighing on Sandisk stock lately, but the memory specialist can still step on the gas.
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