Several of the worst-performing stocks in the Nasdaq 100 last week, including Lumentum and Sandisk, saw rebounds on Monday. However, CoreWeave continued to decline, dragging down parts of the AI industry with it. This divergence highlights ongoing volatility in tech stocks and suggests investors remain cautious about CoreWeave's outlook. Market watchers will be closely monitoring CoreWeave's next moves amid broader tech sector fluctuations.
Following the recent rebound in tech stocks like Sandisk and Lumentum, on Pluang as of Oct 20, 2026 03:02 WIB, Sandisk trades at USD 1,367.48 with a 1-day gain of 5.25%, while Lumentum is priced at USD 834.73, up 1.29% for the day. CoreWeave remains under pressure, trading at USD 61.00 and down 0.64% in the same period, reflecting ongoing cautious sentiment among investors.
Memory chip stocks surged as concerns about AI spending faded, leading to a rebound in tech shares. Micron Technology rose 4% after reporting strong Q4 2026 results and forecasting higher revenue for fiscal Q1 2027, driven by high-bandwidth memory de...
Sandisk's stock recently fell below $1400, marking a key threshold for growth investors as the company continues to show strong AI-driven demand and sequential growth. Despite a recent selloff triggered by competition from China's CXMT, Sandisk repor...
Shares of SK Hynix, SanDisk, and Micron each dropped about 3% amid concerns over China's CXMT advancing in memory chip technology. Goldman Sachs, however, told clients that fears about CXMT's threat to advanced memory chips are exaggerated and highli...
Sandisk Corporation is rated a Strong Buy due to clear demand visibility, strong earnings potential, and a disciplined cash return strategy. Management aims for adjusted free cash flow to reach 50% of revenue by fiscal years 2028 to 2030, with upcomi...
Cathie Wood of ARK Invest cautions investors about the memory chip market, noting its upward trend but warning of 'vicious' cycles due to increasing competition, especially from Chinese firms like CXMT. Despite strong recent gains and margin expansio...
