Earlier this week, Sandisk got here below strain after the blockbuster Shanghai IPO of Chinese reminiscence maker CXMT intensified worries about future competitors in world reminiscence and AI-related chip markets. Although CXMT at present focuses on DRAM and Sandisk on NAND flash, investor concern that China might quickly goal NAND raised recent questions in regards…
Sandisk (SNDK) raised value targets to $1,250 (Bernstein) and $1,000 (Cantor Fitzgerald) on stronger-than-expected NAND flash pricing; Q2 income surged 61% 12 months over 12 months to $3.03B with data-center income leaping 76% and gross margins increasing towards 50%. Micron Technologies (MU) posted Q1 DRAM income of $10.8B, up 69% 12 months over 12 months,…
Super-hot reminiscence chip performs Micron (MU) and Sandisk (SNDK) may lastly be poised for pullbacks. The technicals on every inform that story, BTIG chief market technician Jonathan Krinsky instructed Yahoo Finance. With Micron, the unfold between its present inventory value and its 200-day shifting common exceeds 100% — wider than something seen throughout the dot-com…