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Sandisk Stock Is Falling Again—Why Analysts Love It More Than Ever
Barrons.com80d agobearish
Sandisk Stock Is Falling Again—Why Analysts Love It More Than Ever

Sandisk stock has been in a bit of slump lately but analysts are still in love with the memory storage play, perhaps even more so than ever. The shares, which have slumped 16% to $1,915 in July, got a new $3,100 price target from Evercore ISI analyst Amit Daryanani in a note Sunday, up from $1,400. Investors were still underappreciating Sandisk Monday as the stock fell around 5% ahead of the open.

SK Hynix plunges after Nasdaq debut amid profit-taking
Reuters Videos80d agobearishVIDEO
SK Hynix plunges after Nasdaq debut amid profit-taking

<body><p>STORY: SK Hynix shares fell more than 15% in trading on Monday - just days after its&nbsp;U.S. listing.</p><p>It was the South Korean chip giant's biggest one-day decline on record.</p><p>Investors in Seoul cashed out of a massive share price rally following its Nasdaq debut last week.</p><p>The fall in SK Hynix and rival Samsung Electronics stock led to a 9% plunge in South Korea's Kospi and triggered a 20-minute trading halt.</p><p>That was despite President Lee Jae Myung announcing government support for three major projects in chips, AI data centers and physical AI.</p><p>SK Hynix is the world's leading AI memory chipmaker.</p><p>It raised over $26 billion last week selling American Depositary Receipts priced at $149 each.</p><p>Its Korean shares have more than tripled this year.</p><p>It has become a target of global investors betting on a sustained boost to profits.</p><p>They think a shortage of high-bandwidth memory chips used in AI data centers could boost its numbers.</p><p>One leading analyst said investors were profit-taking following the U.S. listing.</p><p>And further said sentiment grew cautious over SK Hynix's second-quarter earnings.</p><p>They said investors had expected shipments of the firm's HBM4 chips to rise from the second quarter.</p><p>But the increase didn't appear to have happened at scale.</p></body>

Rocket Lab (RKLB) Announces Full Mission Success on VICTUS HAZE mission
Insider Monkey80d agobearish
Rocket Lab (RKLB) Announces Full Mission Success on VICTUS HAZE mission

Rocket Lab Corporation (NASDAQ:RKLB) is one of the Best Space Technology Stocks to Buy Now. Recently, on July 7, Rocket Lab Corporation (NASDAQ:RKLB) announced full mission success on the US Space Force’s VICTUS HAZE mission, which is a Tactically Responsive Space demonstration. ​Management noted that they were able to design, build, and launch a Pioneer […]

SK Hynix’s Korean Stock Suffers Steepest Fall on Record
The Wall Street Journal80d agobearish
SK Hynix’s Korean Stock Suffers Steepest Fall on Record

The nosedive helped send South Korea's Kospi almost 9% lower, which triggered a 20-minute halt in trading. Rival Samsung Electronics's stock also slumped. The decline marked an abrupt reversal in investor appetite after SK Hynix's American depositary receipts soared 13% Friday on their first trading day on the Nasdaq.

Bloomberg80d agobearish
South Korea to Tap Record AI Tax Windfall to Fund Future Growth

(Bloomberg) -- South Korea expects to reap a record tax windfall from the artificial intelligence-driven semiconductor boom, giving President Lee Jae Myung’s government fresh fiscal firepower to fund an ambitious investment agenda.Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Hormuz Route Open Despite Iran Declaration, Maritime Group SaysOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleUS Renews Iran Strikes as Both Sides Dispute Hormuz Status

SK Hynix plunges after Nasdaq debut amid diminishing earnings optimism
Reuters81d agobearish
SK Hynix plunges after Nasdaq debut amid diminishing earnings optimism

SK Hynix shares fell more than 15% in Seoul on Monday, its biggest one-day decline in nearly two decades, as investors in Seoul cashed out of a scorching share price rally following its Nasdaq debut last week. The company's U.S.-listed shares dropped ‌9.2% to $152.50 in premarket trading on Monday after jumping more than 12% in its Nasdaq debut on Friday. Korean stocks extended losses after trading resumed after President Lee Jae Myung on Monday reiterated that the government would help speed up ​projects to build chip fabs in investments worth hundreds of billions of dollars, as outlined by Samsung and SK Hynix.

Meta (META) Faces $2 Billion AI Deal Reversal And EU App Design Probe
Simply Wall St.81d agobearish
Meta (META) Faces $2 Billion AI Deal Reversal And EU App Design Probe

Chinese regulators have required Meta Platforms to unwind its planned $2b acquisition of AI start up Manus, clearing the way for Tencent to become the largest shareholder. The reversal marks a setback for Meta's AI plans in China and raises questions about its ability to secure and retain key AI assets in important markets. Separately, the European Commission has issued preliminary findings that Facebook and Instagram use potentially "addictive" design features such as infinite scroll and...

Goldman Sachs sets jaw-dropping SanDisk stock price target for 2026
TheStreet81d agobearish
Goldman Sachs sets jaw-dropping SanDisk stock price target for 2026

I have been tracking SanDisk's numbers. It’s one of my favourites. Why? Its performance, and the reason behind the big numbers. And the numbers keep doing something unusual for sure. They keep getting bigger than the already-big numbers that preceded them. If you didn’t know, SanDisk (SNDK) is the ...