Core Viewpoint - Sandisk has experienced a significant stock increase due to high demand for artificial intelligence infrastructure, leading to a supply shortage in memory chips and storage devices, with a total return of 1,500% since its spin-off from Western Digital [1] Company Performance - Sandisk's stock price increased more than sixfold in 2025 and has more than doubled in 2026, currently trading at $576 per share [1][2] - The company reported a 61% revenue increase to $3 billion in Q2 fiscal 2026, driven by strong sales in the data center segment, and non-GAAP earnings surged 404% to $6.20 per diluted share [9] - Management's guidance for Q3 estimates revenue of $4.6 billion and non-GAAP net income of $13.00 per diluted share, indicating a potential doubling of earnings compared to the previous quarter [10] Market Position - Sandisk is the fifth-largest player in the NAND flash memory market and gained 2 percentage points of market share over the past year, while competitors like Samsung and SK Hynix lost market share [6] - The company benefits from a joint venture with Kioxia, allowing for cost efficiencies and supply chain security through shared R&D and capital expenditures [4] Valuation and Analyst Sentiment - Analysts have raised their target prices for Sandisk following exceptional earnings, with a median target price of $690 per share implying a 20% upside, while the highest target price suggests a 73% upside [3][7] - Wall Street estimates Sandisk's adjusted earnings will grow at 156% annually through the fiscal year ending in June 2027, making the current valuation of 80 times earnings appear reasonable [11] Industry Context - The semiconductor industry is cyclical, with potential for market oscillation between supply shortages and gluts, which could affect Sandisk's future valuation [12]

Bloomberg Japanese flash memory maker Kioxia Holdings Corp. is promoting Executive Vice President Hiroo Oota to chief executive officer and president in a move aimed at expanding its presence in the booming memory chip market. Oota, 63, will succeed Nobuo Hayasaka, 70, who will become a senior executive adviser. The leadership change will take effect following shareholder approval at the company’s annual meeting scheduled for June, the Apple Inc. supplier said in a statement Thursday. Most Read from Bl ...

Ac t i o n | Changing our Valuation Methodology: EV/EBITDA SOTP – Global memory industry has been traditionally centered around commodity products with high cyclicality. Consequently, Price-to-Book (PBR) has been used customarily and frequently to derive future value. However, with the emergence of HBM which has a strong custom nature, we believe memory market is evolving into a foundry-like business, similar to TSMC's. To effectively reflect underlying profit growth outlook for customized memory (e.g. HBM) ...

Micron stock surges over 6% today after expansion plan reinforces bullish outlook | Invezz false### Choose your country### Choose preferred languagePopular languagesAll available languages# Micron stock surges over 6% today after expansion plan reinforces bullish outlookWritten byDevesh K.Written on Jan 27, 2026Reading time 3 minutesMicron stock (NASDAQ: MU) climbed over 6% on Tuesday, after the memory chipmaker broke ground on a roughly $24 billion advanced wafer fabrication facility in Singapore.The move ...

In the last several years, I've seen a close correlation between the performance of the Russell 2000 iShares ETF (IWM) and the returns of small-to-medium stocks. I consider Sandisk (SNDK), with a market capitalization of about $69 billion, to be in the upper segment of the medium category. And indeed, the recent, meteoric rise of SNDK has coincided with a major rally by the IWM. So, with the IWM showing signs of stalling for now amid multiple macro issues and SNDK stock having already soared 169% in the ...

Milpitas, California-based Sandisk is a leading designer, developer, manufacturer, and marketer of NAND flash memory storage solutions. Its broad portfolio spans solid-state drives (SSDs), memory cards, and embedded storage products that serve consumer electronics, enterprise customers, and data centers worldwide. With a market capitalization of approximately $69.4 billion, SanDisk has built a comprehensive flash ecosystem that supports a seamless and resilient flow of data across modern digital infrastruct ...

Avidian Wealth Enterprises LLC bought a new position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,165 shares of the semiconductor manufacturer’s stock, valued at approximately $362,000. Get Micron Technology alerts: Several other hedge funds have also modified their holdings of MU. Barnes Dennig Private Wealth Management LLC bought a new position in ...

SanDisk (SNDK) was spun off from Western Digital (WDC) last February, marking a strategic separation to unlock value in its flash memory business. Since then, the company has delivered a master class in market dominance, capitalizing on surging demand for NAND flash driven by artificial intelligence (AI) and data centers. The stock has skyrocketed around 1,100% since the spinoff, outpacing broader indices as analysts scramble to adjust. Price targets have been repeatedly hiked to reflect this momentum, w ...

Group 1: Gold Market Insights - Spot gold prices approached $4,900 per ounce, raising speculation about reaching $5,000 for the first time [2] - The increase in gold prices is attributed to geopolitical uncertainties, particularly involving U.S. President Donald Trump and European leaders [2][32] - Gold's recent trading levels were around $4,800, with a slight cooling as market tensions eased [3] Group 2: U.S. Housing Market Dynamics - In December, there were 631,535 more home sellers than buyers, marking a 47% gap, the widest since Redfin began tracking in 2013 [7][8] - Despite the surplus of sellers, existing-home prices rose for the 30th consecutive month, reaching a median of $405,400 [8] - High mortgage rates above 6% have contributed to housing unaffordability, impacting buyer activity [8] Group 3: Airline Industry Performance - United Airlines reported a profit of $3.4 billion in 2025, but its cost per available seat mile (CASM) exceeded passenger revenue per available seat mile (PRASM) [37][38] - This trend indicates that major U.S. airlines may struggle to profit from passenger transport, relying instead on ancillary revenue sources [37] Group 4: Stock Market Reactions - Following President Trump's comments on Greenland, stocks experienced volatility, with the S&P 500 dropping 2.1% [34][35] - Some Wall Street strategists view this volatility as a buying opportunity, citing strong long-term trends in innovation and AI [10][34] - The energy sector outperformed others, with a 2.3% increase, led by companies like EQT and Texas Pacific Land Trust [22][23] Group 5: Netflix's Market Challenges - Netflix's stock fell nearly 5% after reporting earnings that narrowly exceeded estimates, raising concerns about its acquisition of Warner Bros. Discovery [19][20] - The stock has declined nearly 40% from its highs last summer, reflecting investor skepticism about its growth prospects [21] Group 6: Treasury Yield Trends - The yield on the 10-year U.S. Treasury note rose to 4.30%, its highest level in months, following geopolitical tensions related to Trump's Greenland acquisition proposal [42][43] - This increase in yields could impact mortgage rates and business investment decisions, raising concerns among investors [42]

Semiconductor powerhouse Micron Technology (MU) has turned memory into momentum. Shares of the artificial intelligence (AI)-focused memory and storage maker have surged by three digits over the past year as a global shortage is colliding with explosive demand. AI systems rely on memory to keep vast datasets close to GPUs, enabling large models to run faster without costly slowdowns. Micron CEO Sanjay Mehrotra stated that AI-driven demand is accelerating and irreversible, forcing the industry to scale rap ...