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Chip stocks rallied on Thursday, helped by positive earnings reports from Macom Technology Solutions and SiTime.
Sandisk said pricing generated most of its recent revenue growth.
SanDisk plunged after soft revenue guidance, but strong AI memory demand remains intact. These ETFs offer a diversified way to buy the dip.
AI darlings Western Digital and Sandisk reported blockbuster results yesterday that showed that demand for data storage is alive and well. So why are earnings down in early trading? Sandisk's first-quarter guidance came in ever so slightly below analyst expectations.
Sandisk (NASDAQ:SNDK) shares fell nearly 7% on Thursday after the data storage company issued fiscal first-quarter guidance that came in slightly below some elevated Wall Street expectations, overshadowing a quarterly earnings and revenue beat driven by demand from AI data centers. For the...
Sandisk and Western Digital shares fell sharply Thursday, despite exceeding Wall Street’s quarterly sales and profit estimates.
Memory stocks are crashing even as SK Hynix, Micron, and Sandisk post the best financial results in their histories. What investors are reacting to has almost nothing to do with what these companies are actually reporting.
Memory stocks are cratering despite blockbuster earnings, and the reason reveals something uncomfortable about how much of the AI storage boom traders had already priced in before Thursday's open.
U. S. stock futures were little changed ahead of Thursday’s opening bell, pointing to another cautious session as investors looked ahead to Friday’s closely watched employment report for fresh clues on the Federal Reserve’s next policy move.
The memory chip market continues to strengthen.
During an interview with CNBC, Frasse said that the current downturn and volatility in chip and memory stocks is just a reversion to the mean more than anything else.
SanDisk Drops After Forecast Misses Expectations Despite Strong Quarterly Results
Datacenter revenue doubled to $2.98 billion as gross margin reached 84.6%
The backdrop remains strong for memory chips and Sandisk, this AlphaSpace stat shows.
Wall Street was predicted to see a mixed open on Thursday, as another batch of technology earnings undermines confidence and apparent progress towards an Iran deal raises fears of yet another false dawn. Dow Jones futures were up 57 points, or 0.1%, with the blue-chip index on course to build...
Stock Market Today: The Dow Jones index rises, while tech futures drop as AI stocks Sandisk and Western Digital plunge on earnings.
Investing.com - U.S. stock index futures hovered around the flatline on Thursday as investors awaited developments over a potential agreement to reopen the Strait of Hormuz, while renewed concerns over the sustainability of the artificial intelligence spending boom pressured technology shares.
SanDisk reported fiscal fourth-quarter revenue of $8.97 billion, but its first-quarter outlook missed Wall Street expectations
SpaceX's post-IPO lockup expiration and weak results from Sandisk and AppLovin are weighing on tech stocks Thursday
Data storage companies tumbled in premarket trading on Thursday after quarterly results from Sandisk and Western Digital failed to sustain momentum in an industry that has become one of Wall Street's hottest bets this year. Shares of Sandisk lost 9.2% to trade at $1,226.04, while Western Digital shed 14.6% and was last changing hands at $443.3. After the closing bell on Wednesday, both Sandisk and Western Digital forecast quarterly revenue that beat estimates compiled by LSEG, but fell short of high market expectations.
Technology shares linked to the artificial intelligence boom came under renewed pressure on Thursday, as another wave of corporate earnings prompted investors to take profits from some of the market’s biggest winners. The weakness spread across Asia before carrying into U.
Sandisk (NASDAQ:SNDK) shares fell in premarket trading on Thursday after the flash memory manufacturer issued first-quarter guidance that failed to meet investors’ elevated expectations, despite another quarter of exceptional growth fuelled by artificial intelligence demand. The company forecast fiscal first-quarter 2027 revenue of between $10.
Shares dip after Sandisk and Western Digital fail to deliver the sort of knockout guidance investors are used to.