Sandisk Corporation, newly independent from Western Digital, reported nearly triple revenue growth and an 84.6% non-GAAP gross margin in fiscal 2026. This strong performance is fueled by high demand in AI infrastructure and datacenters, which has boosted pricing power and profitability. The company secured multiyear agreements covering over half its shipments, reducing earnings volatility and enhancing visibility. Despite robust capital returns and a net cash position, risks include NAND supply challenges and dependence on Kioxia.
Jim Cramer highlighted large flex-call option purchases in tech and energy stocks like Bloom Energy and Intel, raising questions about the buyer's identity. Weeks earlier, a House disclosure showed Pelosi's spouse had bought shares and call options i...
Seagate and SanDisk stocks dropped 4% and 3% respectively due to profit taking after strong gains this year, with no new company news to explain the decline. Seagate shares have surged 201% year-to-date, while SanDisk rose 29% in the past month. In c...
SanDisk's stock surged 2,107% over the past year, driven by explosive growth in AI-related data storage demand and strong financial results, including a 371.6% revenue increase in fiscal Q4 2026. This remarkable performance has shifted the market lan...
Sandisk Corporation has seen its stock rally over 500% following its spinout from Western Digital, driven by rising demand for AI-related NAND memory. The company’s new business model focuses on long-term contractual pricing, aiming to reduce volatil...
Leopold Aschenbrenner's hedge fund, Situational Awareness, has started buying options in stocks like AMD, Bloom Energy, and Coreweave after its assets fell from over $45 billion to about $10 billion. The fund had to sell off public equity positions i...
