Sandisk's stock has nearly tripled in value since it was spun off from Western Digital in February. Thomas Fuller / SOPA Images / LightRocket / Getty Images Close Citi analysts boosted their price target for drive maker Sandisk (SNDK) by over 50% to $125 from $80 on Wednesday, citing "further-improving industry fundamentals" after memory chip maker Micron Technology (MU) posted record quarterly sales driven by gains from its data center business. The analysts added they see better margins from Sandisk thank ...

More data centers to power artificial intelligence are coming to the U.S. as part of the government's half-trillion-dollar Stargate AI infrastructure plan announced in January. ...

Nvidia CEO Jensen Huang (right) speaks at the White House beside President Donald Trump on April 30, 2025. Jim Watson / AFP / Getty Images Close Key Takeaways Technology executives have been vocal this week in response to President Donald Trump's changes to the H-1B visa program. CEOs like Jensen Huang of Nvidia (NVDA) and others have offered arguments both for and against the changes. Huang, in an interview with CNBC alongside OpenAI CEO Sam Altman on Monday, said that Nvidia wants "all the brightest minds ...

Core Insights - Nike's stock has shown significant recovery, closing just under $71 after dropping below $54 in April, although it remains over a third below its 2023 closing price [1][5] - Analysts are optimistic about Nike's turnaround, with some projecting the stock could reach triple-digit prices for the first time since March 2024 [1][5] Group 1: Stock Performance - Nike's shares finished 2024 above $75, indicating a strong recovery from earlier lows [1] - The stock is still significantly below its 2023 close, but has nearly reached break-even for 2025 as investor confidence grows [5] - Wall Street analysts have raised their mean price target to above $80, reflecting improved sentiment [3][6] Group 2: Analyst Outlook - Baird analysts have labeled Nike a "fresh pick," suggesting potential for guidance-beating results in upcoming earnings [3][6] - Bank of America has a price target of $84, while Baird sees potential for the stock to exceed $100 within 18-24 months [6][7] - Some analysts remain cautious, with Morgan Stanley raising its target only to $70, indicating mixed outlooks among analysts [7] Group 3: Company Strategy - Nike has been actively working on its turnaround strategy, focusing on inventory management, sales quality, and product innovation as key indicators of progress [6] - The company is preparing for a quarterly update, which is anticipated to reflect improvements in performance [3]

Core Insights - Costco is set to report its fourth-quarter earnings, following signs of decelerating sales growth earlier this year [3][9] - Analysts remain generally optimistic about Costco's ability to deliver sustainable results despite anticipated volatility in the stock [2][4][9] Financial Performance - For the fourth quarter, Costco's sales reached $84.4 billion, reflecting an 8% increase year-over-year [10] - Comparable store sales increased by 5.7% year-over-year, with analysts projecting a profit of $2.6 million, up from $2.4 million the previous year [10] Stock Performance and Market Sentiment - Costco shares have risen 2.6% this year and approximately 170% over the past five years, with a consensus target price of $1,080 from analysts [11] - The stock has experienced fluctuations, particularly between March and June, and analysts suggest that further volatility may present buying opportunities for investors [5][9]

Core Insights - Micron Technology (MU) shares experienced a rise in extended trading following the announcement of record quarterly sales, driven by increased demand for AI hardware [1] Company Summary - Micron Technology reported record quarterly sales, indicating strong performance in the memory chip sector [1] - The surge in sales is attributed to heightened demand for hardware related to artificial intelligence [1] Industry Summary - The memory chip industry is witnessing a significant boost due to the growing requirements for AI technology, suggesting a positive trend for companies involved in this sector [1]

Core Viewpoint - Shares of a recently-hot utility company experienced a significant decline as an analyst raised concerns regarding their valuation [1] - In contrast, oilfield services stocks saw an increase due to rising crude oil futures prices [1] Company Summary - The utility company's stock price fell sharply, indicating potential overvaluation issues as highlighted by an analyst [1] - The specific reasons for the analyst's concerns regarding the utility company's valuation were not detailed in the article [1] Industry Summary - The oilfield services sector benefited from an uptick in crude oil futures prices, suggesting a positive market sentiment towards oil-related stocks [1] - The rise in crude oil prices may indicate a strengthening demand for oilfield services, which could lead to increased revenues for companies in this sector [1]

Core Insights - Everyday investors now have easier access to IPOs due to the efforts of online brokerages like Robinhood and SoFi [1] Group 1 - Online brokerages have lowered the barriers to entry for investing in IPOs [1] - Investors only need an investment account and a bit of luck to purchase shares of companies going public [1]

Kenvue stock is rebounding. It may be a largely a case of things-could've-been- worse. ...

Core Viewpoint - Major U.S. equities indexes experienced a decline following comments from Federal Reserve Chair Jerome Powell regarding a "challenging situation" for the central bank ahead [1] Group 1: Market Performance - The Dow, S&P 500, and Nasdaq all pulled back in response to the Fed's outlook [1]