Sandisk is shifting its focus towards enterprise SSDs and AI infrastructure, securing $93.9 billion in minimum revenue commitments through long-term contracts. Over half of its 2027 and two-thirds of its 2028 bit production are contractually guaranteed at floor pricing, reducing earnings volatility. Datacenter revenue has more than doubled, now representing 38% of bits shipped, with an adjusted gross margin of 84.6% and fiscal 2026 EPS of $70.88. The company is rated a Buy with a fair value estimate of $1,500 per share, driven by contracted demand, improved cash flow, and lower cyclicality risk.
Bitcoin is approaching a critical resistance zone near $65,400 while holding above its weekly 200-day moving average around $63,800. Analysts warn that a brief push above $65,400 could trigger a pullback to support between $62,800 and $63,300, but a ...
Gold prices surged over 7% last week, reaching a seven-week high due to weaker-than-expected US jobs data, falling Treasury yields, and a softer dollar. These factors reduced expectations for a Federal Reserve rate hike, making gold more attractive c...
XRP is forecasted to remain stable above the $1 support level, with AI models predicting a slight dip to around $1.03 by mid-August. Technical analysis shows XRP is consolidating after recent selling pressure, trading below key moving averages and wi...
Bitcoin price rose to $64,986, approaching $65,000 despite a security breach in BTCPay Server that allowed hackers to drain Lightning Network nodes. The issue affected several operators, including hardware wallet maker Foundation, prompting urgent so...
Ethereum ETFs recorded their largest weekly inflows in nearly four months, totaling $244.94 million, signaling renewed institutional interest. Major whales bought 80,000 ETH worth $152 million, pushing the Whale Sentiment Index to 66, indicating stro...
