4、美伊对峙短暂升温，美股三大指数集体收跌，贵金属大涨。 5、中国有色金属工业协会：研究将贸易量大、容易变现的铜精矿纳入储备范围。 早 报 精 选 宏 观 新 闻 1、 中央一号文件《中共中央 国务院关于锚定农业农村现代化 扎实推进乡村全面振兴的意见》发布，部署扎实推进乡村全面振兴。 文件首次系统性部署实施常态化精准帮扶，明确把常态化帮扶纳入乡村振兴战略统筹实施。意见还指出，因地制宜发展农业新质生产 力，促进人工智能与农业发展相结合，拓展无人机、物联网、机器人等应用场景，加快农业生物制造关键技术创新。 2、外交部发言人林剑昨日主持例行记者会。有记者提问称，美国预计将启动一项关键矿产储备计划，初期资金为120亿美元。林剑 表示，在维护关键矿产全球产业链稳定与安全问题上，中方的立场没有变化。各方都有责任为此发挥建设性作用。 3、为保持银行体系流动性充裕，今日，中国人民银行将以固定数量、利率招标、多重价位中标方式开展8000亿元买断式逆回购操 作，期限为3个月（91天）。 4、美国国会众议院投票通过联邦政府多个部门本财年剩余时间拨款法案，从1月31日开始的联邦政府部分"停摆"僵局得以化解。美 国总统特朗普随后签署了 ...

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick alongside Katie Greifeld, taking you through to that closing bell with a global simulcast. It starts right now.Carol Massar Tim Stenovec back in the radio room. Welcome to our audiences across all of our Bloomberg platforms, including our partnership with you to peer on a potentially record setting day for the Dow transportation average, as well as the S&P 500. And a happy belated birthday.Just don't stand back. Thank you. ...

Now, welcome back to Morning Trade Live. It's time for the big picture. So, let's welcome in Michelle Gibli, director of international equity research and strategy, Schwab Center for Financial Research.Very good morning to you, Michelle. Happy Monday. Hope you'd had a nice weekend.So, we shift our focus to Japan this week. Uh because of course, we do have this snap election, which Takayichi has called, which you say could add to some volatility in these markets. Just talk us through where we're at right now ...

Sandisk (SNDK) shares have already rallied more than 100% this month, but a Cantor Fitzgerald analyst believes they could push much higher from here through the remainder of 2026. Christopher Muse’s bullish note on SNDK arrives on the heels of its blockbuster Q2 financials that came in miles above Street estimates on Jan. 29. More News from Barchart Investors cheered the flash memory storage company this morning as it guided for $13 a share of earnings for its current quarter, well over double the $5.1 ...

Sandisk's stock popped 14% after the company crushed Wall Street's fiscal second-quarter estimates, as the artificial intelligence boom sent demand for its chips skyrocketing. The flash storage memory company reported earnings of $6.20 per share, excluding items, blowing past the $3.62 per share expected by analysts surveyed by FactSet. Revenue totaled $3.03 billion, topping a forecast of $2.69 billion. Sandisk's third-quarter forecast also outpaced expectations for analysts. Sandisk guided for between $4.4 ...

Meridian Funds, managed by ArrowMark Partners, released its “Meridian Contrarian Fund” fourth-quarter 2025 investor letter. A copy of the same can be downloaded here. U.S. equity markets experienced a quarter supported by optimism around potential monetary easing and caution related to economic growth and valuations. Early gains were driven by strong AI-related earnings and the US Federal Reserve’s rate cut in October, which improved expectations for financial conditions. However, market sentiment cooled l ...

Core Viewpoint - Seagate Technology's stock has experienced significant growth due to the increasing demand for memory devices driven by the artificial intelligence boom, with a price increase of 452% since April of the previous year [1][2]. Company Performance - Seagate Technology manufactures data storage devices, including hard drives and solid-state drives, which are essential for personal computers and data centers [2]. - The company's revenue for the third quarter rose to $2.62 billion, up from $2.16 billion [3]. - Gross margins improved to 39.4% from 32.9%, and net income increased from $305 million to $549 million, with earnings per share rising to $2.43 [4]. Future Expectations - Upcoming earnings are anticipated to show revenue of $2.75 billion, an 18% increase from the same period in 2024 [4]. - Earnings per share is expected to reach $2.84, a 40% increase from $2.03 in Q4'24, with annual revenue projected at $11.12 billion, up 22% year-over-year [5]. - Analysts predict annual revenue could reach $13.2 billion, reflecting an 18.7% year-over-year growth due to the AI boom and ongoing PC refresh [5]. Industry Context - Seagate's performance aligns with other companies in the memory industry, such as Kioxia, Micron, Sandisk, Western Digital, SK Hynix, Samsung, and Toshiba, which have also seen positive results [3]. - The memory industry is currently experiencing a boom, but there are concerns about potential volatility in the future [6]. Technical Analysis - The stock has been in a strong uptrend, forming an ascending channel, and is currently near the upper side of this channel [9]. - The stock remains above the 50-day and 100-day Exponential Moving Averages, with rising Relative Strength Index (RSI) and Percentage Price Oscillator (PPO) [10]. - There is a possibility of a pullback towards $300, but a breakout above the channel could lead to further gains, potentially reaching $400 [10].

Core Insights - Sandisk's stock has surged due to strong trading volume and sector-wide demand for data storage assets driven by AI [2] - The rise in the memory cycle, particularly for NAND flash, is linked to the expansion of artificial intelligence, positioning Sandisk favorably within the sector [2] - Citi raised its price target for Sandisk to $490 from $280, citing solid demand from hyperscalers [2] Industry Trends - Global data center capital expenditures are projected to reach $600 billion by 2026, representing a 50% year-over-year increase [2] - Positive prospects in data center demand were highlighted by Sandisk management at CES 2026, offsetting weaknesses in PCs and smartphones [3] Trading Dynamics - The stock's momentum trade is nearing a possible exhaustion phase, supported by high trading volume indicating institutional interest [4] - There is a combination of institutional accumulation and significant retail involvement, with major institutions like Vanguard and State Street holding substantial positions [5][10] - The price movement suggests increasing participation from retail investors, often referred to as 'dumb money,' entering at peak levels [5] Price Behavior - Sandisk closed at $442.65, marking a new 52-week high and a year-to-date increase of approximately 90% [10] - The stock has risen 1,487% from its 52-week low of $27.89, indicating strong momentum [10] - A critical level to watch is $450; a drop below this could signal a reversal and present a short-term trading opportunity [6]

Core Viewpoint - Memory stocks are experiencing increased momentum as analysts suggest that pricing trends may strengthen for an extended period [1] Group 1 - Analysts are highlighting a positive outlook for memory stocks, indicating potential for stronger pricing trends [1] - The current momentum in memory stocks is attributed to favorable market conditions and demand [1]

Summary of Penguin Solutions FY Conference Call Company Overview - **Company Name**: Penguin Solutions (formerly Smart Global Holdings) - **Industry**: High-performance computing and AI infrastructure solutions - **Transformation**: Shifted from a memory module company to a compute solutions business, focusing on AI infrastructure [3][4] Core Business Insights - **Revenue Growth**: Total revenue grew by 17% in the fiscal year ending August 2025, with advanced computing growth exceeding this rate [6] - **Gross Margins**: Increased from below 20% five years ago to an average of 30% or higher in recent years, indicating a more resilient business model [5] - **Debt Status**: Currently has zero net debt, contributing to a solid financial position [5] Growth Strategy - **Customer Base Diversification**: Moving away from legacy hyperscaler customers to more enterprise deployments, focusing on custom language models and inference applications [8][15] - **New Customer Wins**: Secured contracts with two Fortune 100 companies in oil and gas and financial services, indicating strong enterprise growth potential [15][29] - **Sovereign AI Opportunities**: Engaging in international AI infrastructure projects, with recent deployments in Korea and other regions [16] Memory Business Insights - **Performance**: The enterprise memory business grew by 40% year-over-year, driven by demand from both legacy and AI customers [18] - **CXL Technology**: Received a significant $10 million order for CXL technology, indicating early-stage revenue growth in this area [20] - **Market Conditions**: Anticipates tight supply conditions in the memory market over the next 12 to 18 months, but maintains confidence in meeting demand due to strong supplier relationships [25] Advanced Computing Business - **Non-Hyperscale Growth**: Non-hyperscale AI business grew by 75% in FY25 and over 250% in Q1 of the current fiscal year, now representing nearly 25% of total company revenue [28] - **Pipeline Quality**: Improved quality of customer engagements and pipeline visibility, with a focus on converting opportunities into bookings [29][36] Operational Efficiency - **Cost Management**: Transitioning from a holding company structure to a more unified corporate model, leading to operational efficiencies and reduced stranded costs [41][42] - **Sales Leadership**: Hired a Chief Revenue Officer to enhance sales strategy and execution, focusing on solution selling [31] Market Trends and Demand Drivers - **Shift to Inference Use Cases**: Companies are moving from training AI models to deploying them in production environments, particularly in sectors like finance and oil and gas [46][50] - **Increased Confidence in AI ROI**: Businesses are more willing to invest in AI, recognizing its potential for significant returns compared to previous years [48] Product Development - **ICE Clusterware**: Recent release aimed at enhancing virtualization capabilities for AI applications, with a focus on resource sharing across enterprises [53][54] Challenges - **LED Business Outlook**: Facing macroeconomic challenges in the LED market, including oversupply and reduced demand, leading to a cautious approach in this segment [38][39] Conclusion - **Future Outlook**: Penguin Solutions is positioned for growth through diversification of its customer base, strong performance in advanced computing, and strategic investments in AI infrastructure, while navigating challenges in the LED market and maintaining operational efficiency [55]