Wall Street is getting more bullish about the flash storage leader's growth prospects.Shares of Sandisk (SNDK +15.44%) popped on Monday, following positive analyst commentary.By the close of trading, Sandisk's stock price was up more than 15%. Sandisk is a prime beneficiary of the AI megatrendThe rapid buildout of artificial intelligence (AI) data centers is creating an urgent need for high-performance storage solutions. This powerful trend plays right into Sandisk's wheelhouse.Sandisk's sales leaped 61% ye ...

Group 1 - The Dow Jones Industrial Average rose by 578.68 points, with large tech stocks showing mixed performance; Apple increased by over 4%, while Nvidia and Tesla fell by nearly 3% and 2% respectively [1] - The semiconductor sector mostly saw gains, with the Philadelphia Semiconductor Index rising; Micron Technology and Intel both increased by over 5%, and Texas Instruments rose by over 4% [1] - SanDisk reported a significant revenue increase of 61% year-over-year for FY26Q2, achieving $3.025 billion in revenue, with a gross margin of 51.1%, exceeding market expectations [1] Group 2 - AstraZeneca upgraded its American Depositary Receipts to common stock on NASDAQ, allowing for equal listing status in the UK, Sweden, and the US, where nearly half of its revenue is generated [1] - AstraZeneca committed to investing $50 billion in the US market by 2030 while pausing a £200 million expansion plan at its UK headquarters [1] - OpenAI's CEO reaffirmed the strong partnership with Nvidia, emphasizing the desire to remain a major customer, while Nvidia plans to continue significant investments in OpenAI [2] Group 3 - The energy sector experienced declines, with ExxonMobil falling over 2% and international crude oil prices dropping significantly; WTI crude futures fell by 4.71% to $62.14 per barrel [2] - Precious metals saw fluctuations, with spot gold briefly reaching $4,800 before closing at $4,658 per ounce, while silver experienced a drop of 7% to $79 per ounce [2] - Chinese concept stocks mostly declined, with the Nasdaq Golden Dragon China Index down by 0.65%; notable declines included XPeng Motors down over 8% and NIO down nearly 4% [2]

Group 1 - Spot gold increased to $4,818.45 per ounce, rising 3.42% within the day, while spot silver rose over 6% to $83.944 per ounce [1] - The Nikkei index surged by 2.43%, and the Korean Composite Index rose by 3.78% [3] - SK Hynix's stock increased by nearly 6%, contributing to a rebound in Korean chip stocks after a previous sell-off [5] Group 2 - NAND flash memory manufacturers SK Hynix and SanDisk reported a more than 30% increase in average selling price (ASP) for NAND in their Q4 2025 financial reports [6] - Strong fundamentals in the memory sector are attracting capital that has moved away from precious metals and cryptocurrencies, as indicated by the performance of memory stocks [6]

Market Overview - The US stock market showed resilience on February 2, with all three major indices closing higher after a volatile precious metals market. The Dow Jones Industrial Average rose by 515.19 points, or 1.05%, to 49,407.66 points; the Nasdaq Composite increased by 0.56% to 23,592.11 points; and the S&P 500 gained 0.54% to 6,976.44 points, nearing its historical closing high [1][2]. Sector Performance - The storage chip sector was the standout performer, with SanDisk's stock surging 15.44% to a record closing price of $665.24, bringing its market capitalization to $98.2 billion. This surge was driven by significantly better-than-expected company earnings and improved industry fundamentals, as SK Hynix and SanDisk reported over a 30% increase in average selling prices (ASP) for NAND flash memory [2][3]. - Other major players in the storage sector also saw gains, with Micron Technology up 5.52%, Western Digital up 7.99%, and Seagate Technology up 6.2%, indicating a strong collective performance among the "big four" in storage [2]. Technology Stocks - Technology stocks exhibited mixed performance. Apple rose over 4%, while Google and Amazon both increased by more than 1%. However, Nvidia fell nearly 3%, and Tesla, Microsoft, and Meta experienced declines between 1% and 2% [4][5]. - Google’s Waymo is nearing completion of a $16 billion financing round, while Oracle's stock fluctuated due to its fundraising plans. The market is focused on upcoming earnings reports from major companies, including Alphabet and Amazon, with nearly 80% of the companies that have reported so far exceeding expectations [4]. Chinese Stocks - Chinese stocks faced pressure, with the Nasdaq Golden Dragon China Index declining by 0.65%. Notable declines included XPeng Motors down over 8%, NIO and Baidu down over 3%, while Pinduoduo saw a counter trend increase of 2.38% [5][6]. Commodity Markets - The precious metals market experienced intense volatility, with COMEX silver futures fluctuating around the $80 mark, closing down 1.93% at $78.77 per ounce, and spot silver dropping over 7%. Gold futures also fell by 1.94% to $4,622.50 per ounce. Analysts are divided on the outlook for gold prices, with some suggesting limited downside potential [6][7]. - The oil market faced significant declines, with WTI crude oil futures dropping 4.71% to $62.14 per barrel and Brent crude down 4.36% to $66.30 per barrel. Progress in negotiations between the US and Iran has alleviated concerns over supply disruptions, while the US plans to reduce tariffs on India to 18%, potentially increasing US energy imports from India [7].

Core Viewpoint - The U.S. stock market saw all three major indices rise on February 2, with significant gains in the storage sector, driven by strong performance from companies like SanDisk, Western Digital, and Seagate Technology [1] Group 1: Company Performance - SanDisk's performance exceeded expectations, leading to a more than 15% increase in its stock price [1] - Western Digital's stock rose nearly 8%, reflecting positive market sentiment [1] - Seagate Technology experienced a stock increase of over 6%, contributing to the overall strength of the storage sector [1] Group 2: Industry Insights - The average selling price (ASP) of NAND flash memory increased by over 30%, as reported by major NAND flash manufacturers SK Hynix and SanDisk in their Q4 2025 financial reports [1]

Core Viewpoint - The article highlights the significant movements in the U.S. stock market, particularly focusing on the performance of major companies and the implications of recent economic data. Group 1: Stock Market Performance - On February 2, U.S. stock indices closed higher, with the Dow Jones up 1.05%, S&P 500 up 0.54%, and Nasdaq up 0.56% [1][3] - Major tech companies are set to report earnings this week, including Google, Amazon, and others across various sectors [1] Group 2: Technology Sector Insights - Micron Technology rose over 5%, while other tech stocks like Texas Instruments, Dell Technologies, and Apple saw gains exceeding 4% [5] - Apple is expected to launch a new MacBook Pro with an M6 chip, which will not utilize TSMC's latest 2nm N2P process, potentially saving costs and ensuring supply [5] - Nvidia's stock fell 2.89% amid stalled negotiations with OpenAI regarding a $100 billion investment, highlighting risks associated with reliance on a single client [6] Group 3: Semiconductor and Memory Market - SanDisk shares surged 15.44% following reports of a 35% increase in average NAND flash prices by Q4 2025, attracting investment from funds moving away from precious metals and cryptocurrencies [6] Group 4: Economic Indicators - The U.S. manufacturing PMI unexpectedly rose from 47.9 to 52.6 in January, marking the highest level since February 2022 and indicating a shift towards expansion [9][11] - The U.S. government shutdown has delayed the release of the January non-farm payroll report, affecting data collection and publication by the Bureau of Labor Statistics [10]

Group 1 - The U.S. stock market experienced a significant rebound, with the Dow Jones Industrial Average rising by 515.19 points, or 1.05%, closing at 49,407.66 points, while the S&P 500 index approached 7,000 points, closing at 6,976.44 points [1] - The storage chip manufacturers saw a notable increase in stock prices, driven by demand in the artificial intelligence sector, with SanDisk's stock soaring by 15.4%, Micron Technology rising by 5.5%, and Advanced Micro Devices increasing by 4% [1] - The volatility index (VIX) dropped over 6% after reaching a near two-week high, settling at 16.32 points [1] Group 2 - The precious metals market experienced heightened volatility, with COMEX gold futures for February delivery falling by 1.94% to $4,622.50 per ounce, and COMEX silver futures dropping by 1.93% to $78.77 per ounce, as trading intensified around the $80 mark [2]

US stock futures rose on Tuesday following a broad rally to kick off the new month on Wall Street. S&P 500 futures (ES=F) moved up 0.2%, while those on the tech-heavy Nasdaq 100 (NQ=F) climbed roughly 0.5%. Meanwhile, Dow Jones Industrial Average futures (YM=F) were little changed, after the blue-chip benchmark led gains on Monday with a 500-point advance. AI-related infrastructure names including Sandisk (SNDK) finished the day in positive territory. Nvidia (NVDA), however, slid by nearly 3% amid news ...

Market Performance - The US stock market saw a positive trend with major indices rising, driven by gains in storage chip manufacturers and technology and financial sector stocks [2] - The Dow Jones Industrial Average increased by 515.19 points (1.05%) to close at 49,407.66, while the Nasdaq rose by 0.56% to 23,592.11, and the S&P 500 gained 0.54% to 6,976.44 [2] Technology Sector - Mixed performance among major tech stocks: Apple rose by 4.04%, Amazon by 1.53%, while Meta, Microsoft, and Tesla fell over 1%, and Nvidia dropped nearly 3% [3][4] - Oracle's stock fell by 2.75% as the company plans to raise up to $50 billion by 2026 to expand its cloud infrastructure [3] - Google's stock increased by 1.86%, with its Waymo division nearing a $16 billion funding round [3] Semiconductor Industry - Storage chip manufacturers benefited from increased demand in the AI sector, with SanDisk's stock soaring by 15.4%, Micron Technology up by 5.5%, and Advanced Micro Devices rising by 4% [3] Financial Sector - The financial sector showed strength, with Wells Fargo, Goldman Sachs, and Bank of America all rising over 1%, while Citigroup and JPMorgan Chase increased by more than 0.5% [4] Economic Indicators - The ISM manufacturing index for January rose to 52.6, marking the highest level since August 2022, indicating expansion in factory activity [7] - The US Treasury yields increased, with the 2-year yield rising by 4.7 basis points to 3.567% and the 10-year yield up by 3.6 basis points to 4.276% [6] Energy Sector - The S&P 500 energy sector index fell over 1% due to declining oil prices, with WTI crude oil dropping by 4.71% to $62.14 per barrel and Brent crude down by 4.36% to $66.30 per barrel [8] - Airline stocks performed well as lower energy prices boosted their performance, with major airlines seeing stock increases between 4% and 7% [8]

Group 1: Technology Sector - Major tech stocks showed mixed performance, with Apple rising over 4%, Google and Amazon up over 1%, while Nvidia fell nearly 3% and Tesla dropped nearly 2% [2] - Apple is exploring a new model with a smaller size and a square flip-fold design [2] - Semiconductor stocks mostly increased, with the Philadelphia Semiconductor Index up 1.7%, Micron Technology rising over 5%, Intel nearly 5%, and Texas Instruments over 4% [2] - The storage sector strengthened, with SanDisk up over 15%, Western Digital nearly 8%, and Seagate Technology over 6%. SanDisk's performance exceeded expectations [2] - NAND flash memory average selling prices (ASP) increased by over 30% according to data from SK Hynix and SanDisk [2] Group 2: Energy Sector - The energy sector declined across the board, with ExxonMobil down over 2%, Chevron falling over 1%, ConocoPhillips down over 2%, Schlumberger down 0.68%, and Occidental Petroleum dropping over 3% [2] Group 3: Precious Metals - Spot gold briefly returned to $4,800 per ounce before closing at $4,658 per ounce, while spot silver saw a decline of 7% to $79 per ounce [3] - On February 3, spot gold opened up over 1% at $4,703 per ounce, with spot silver at $81 per ounce, rising over 2% [3] Group 4: Oil Market - International crude oil prices fell, with WTI crude futures down 4.71% to $62.14 per barrel and Brent crude futures down 4.36% to $66.30 per barrel [4] Group 5: Cryptocurrency Market - Major cryptocurrencies saw price increases, with Bitcoin returning above $78,000 after dipping to $74,560 [4] - Over the past month, Bitcoin has faced liquidity issues, with a net outflow of $1.61 billion from Bitcoin ETFs in January 2026 [4] Group 6: U.S. Federal Reserve - CME's "FedWatch" indicates an 8.9% probability of a 25 basis point rate cut by March, with a 91.1% chance of maintaining current rates [6] - The probability of a cumulative 25 basis point cut by April is 22.5%, while the chance of maintaining rates is 76.0% [6] Group 7: U.S.-India Trade Relations - President Trump announced a trade agreement with Indian Prime Minister Modi, reducing tariffs on U.S. goods from 25% to 18% [7] - Modi committed to significantly increasing purchases of U.S. products, including over $500 billion in energy, technology, agricultural products, and coal [7] - India agreed to stop purchasing Russian oil and increase purchases from the U.S. [8]