Sandisk's stock surged 15% after unveiling a bold financial model projecting mid-to-high teens revenue growth and around 80% gross margins from 2028 to 2030, fueled by rising AI-driven storage needs. The company expects adjusted free cash flow margins near 50% and plans to return all excess cash to shareholders, supported by new customer agreements that reduce volatility. This optimism also lifted other memory stocks like SK Hynix, Micron, and Western Digital. However, investors should remain cautious as memory markets can be cyclical despite strong AI demand, and Sandisk's ambitious targets set a high bar for execution.
SanDisk shares surged about 7% in premarket trading following a 13.67% gain the previous day, driven by a positive Investor Day and renewed coverage from J.P. Morgan with a $2,250 price target. Other memory stocks like Micron and SK hynix also rose, ...
SanDisk received an "Outperform" rating from Evercore ISI, driven by its optimistic financial outlook and rising AI storage demand. The company projects mid-to-high teens revenue growth from 2028 to 2030, supported by its new long-term financial mode...
Lam Research announced a $3 billion investment over the next five years to expand its global R&D lab network, aiming to increase experiment capacity by over 50%. This expansion supports faster product development cycles and innovation in semiconducto...
Memory and storage stocks surged Thursday, led by SanDisk up 15%, SK Hynix up 9%, and Western Digital up 7%, driven by optimism around AI infrastructure and strong earnings. The rally began in Seoul with a 4% Kospi gain, boosting SK Hynix and Samsung...
Memory and storage stocks surged Thursday following strong earnings reports across the sector. Sandisk shares jumped 16% after reporting Q4 FY2026 non-GAAP EPS and revenue well above expectations, driven by a 437% YoY datacenter revenue increase. Mic...
