SanDisk's stock price has surged over 640% this year, driven by strong growth in its Datacenter segment and AI-related demand. However, 24/7 Wall St. sets a price target of $1,453.48, 17.5% below the current price, suggesting the stock is overvalued relative to fundamentals. The company reported impressive Q3 revenue and EPS beats, with a strong balance sheet and expanding margins. Risks include high valuation, reliance on key partners, and potential cyclical downturns in NAND pricing. Investors are advised to consider selling or trimming positions despite the bullish case for continued growth if AI demand and NAND shortages persist.
Veea Inc. has announced the commercial release of VeeaONE, a full-stack AI infrastructure platform that integrates edge-to-cloud hardware and software. The platform supports VeeaWare middleware on NVIDIA Jetson and x86/Arm servers, enabling secure, l...
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
