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Sandisk posts $6.9B quarterly profit, driven mainly by price hikes, raising concerns among skeptics.

Company Fundamentals
16 Aug 2026
Seeking Alpha
View Source
Neutral
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Sandisk Corporation reported a $6.9 billion profit in a single quarter, a significant turnaround from a $1.6 billion loss last year. Two-thirds of this growth came from higher prices rather than increased sales volume, which worries some investors. Management reassured stakeholders by highlighting strong contracts with eight customers, volume and pricing guarantees, and long-term visibility extending to FY28. Despite the strong results, some investors remain cautious, with preferences leaning towards more defensive memory stocks like Micron.

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Solana holds $73-$75 support, eyes $85 upside; cautious outlook warns possible drop to $37 before major rally.

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Technical Signals
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Debate resurfaces on Bitcoin's 21 million cap as some propose ongoing issuance to support miners post-2140.

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Neutral
4 hours ago
Bridgewater boosts ETF holdings, trims some tech stocks in $24.4B portfolio update

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Bridgewater Associates, led by Ray Dalio, disclosed a $24.4 billion stock portfolio as of June 30, 2026, with a strong focus on ETFs like SPY and IVV, which make up over 25% of holdings. The hedge fund increased its ETF positions but reduced stakes i...

Market News
Neutral
4 hours ago
SafePal leaks order data of 40,000 users, risking phishing but wallet keys remain safe

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SafePal, a hardware wallet maker backed by Binance Labs, exposed order data of about 40,000 customers, including names, addresses, and payment details. No wallet security breach occurred, as seed phrases and private keys remain safe. The leak raises ...

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