sandisk

According to Gate quotes, the entire U.S. stock AI hardware industry chain rebounded, with the Philadelphia Semiconductor Index rising by 6.50%. In terms of individual stocks, AMD rose by 12.56%, SanDisk rose by 12.77%, Coherent rose by 12.18%, Seagate Technology rose by 4.25%, Micron Technology rose by 9.78%, Marvell Technology rose by 9.46%, and Lumentum rose by 9.58%; NVIDIA rose by 6.72%, TSMC rose by 7.55%, and Broadcom rose by 4.56%.

According to Gate market data, U.S. chip stocks are expanding their pre-market gains, with Nvidia rising over 5%, AMD rising over 8%, and SanDisk rising over 12%.

According to Gate market data, the U.S. stock storage sector continues to face sell-offs, with the Philadelphia Semiconductor Index dropping by 5.82%.In terms of individual stocks, SanDisk's decline has expanded to 11.00%, Western Digital fell by 9.44%, Seagate Technology dropped by 9.99%, SK Hynix decreased by 7.93%, and Micron Technology fell by 7.03%. The major individual stocks in the storage sector have all declined by nearly or over 7%.

According to the official announcement from Bitget, due to the recent stock split of the underlying asset SanDisk (SNDK), the platform will execute automated processing on the SNDKUSDT contract on November 20, with a stock split ratio of 1 share split into 8 shares.Users do not need to take any action; profit and loss, position value, and margin will remain consistent with before the stock split. For specific product details, please refer to the official Bitget platform.

Wells Fargo has lowered the target price for SanDisk from $1550 to $1300; lowered the target price for Amazon from $329 to $326; significantly lowered the target price for Intel from $120 to $80; lowered the target price for Google's parent company Alphabet from $417 to $371.

The storage chip company Sandisk (NASDAQ: SNDK) announced its first-quarter results for the fiscal year 2027 ending on October 2 on October 29. The revenue for the quarter was $11.031 billion, a quarter-over-quarter increase of 23% and a year-over-year increase of 378%. The GAAP net profit was $8.101 billion, with diluted earnings per share of $52.60, a quarter-over-quarter increase of 20%; the Non-GAAP diluted earnings per share were $49.51. The GAAP gross margin was 85.0%, and the Non-GAAP gross margin was 85.1%.By market segment, data center revenue was $4.802 billion, a quarter-over-quarter increase of 61%; edge business revenue was $5.832 billion, a quarter-over-quarter increase of 7%; consumer business revenue was $397 million, a quarter-over-quarter decrease of 29%. The company repurchased approximately 3.2 million shares during the quarter, returning $5 billion to shareholders; over the past two fiscal quarters, a total of 6 million shares have been repurchased, accounting for about 4% of the outstanding shares. The company also announced a 1-for-8 forward stock split for its common stock, with the record date set for November 9, and the new shares will be distributed after the market closes on November 19, with trading expected to begin on November 20 based on the split-adjusted basis. All per-share data disclosed in this announcement is presented on a pre-split basis.The company expects second-quarter revenue for fiscal year 2027 to be between $12.2 billion and $12.6 billion, with pre-split Non-GAAP diluted earnings per share expected to be between $55 and $57. Chairman and CEO David Goeckeler stated: "The company starts fiscal year 2027 with strong performance, driven by growing product demand that propels the data center business's growth rate." As of October 2, the company had cash and cash equivalents of $5.136 billion, operating cash flow of $6.363 billion, and free cash flow of $6.309 billion.

Dongfang Gangwan Fund Chairman Dan Bin is making a "major adjustment" in the technology sector. According to statistics from Private Equity Ranking Network, as of the end of the third quarter of 2026, Dongfang Gangwan's overseas fund held a total of 13 U.S. stock targets, with a total market value of approximately $1.469 billion.From the perspective of industry distribution, AI remains a key focus for Dongfang Gangwan. As of the end of the third quarter, Google was the largest holding in Dongfang Gangwan's overseas fund. However, in terms of buying and selling actions, Dan Bin's preference for sub-sectors within the AI industry has changed significantly compared to the second quarter.According to statistics, in the third quarter of this year, Dongfang Gangwan's overseas fund reduced its holdings in targets such as Advanced Micro Devices (AMD), Broadcom, and Lumentum, which were newly purchased in the second quarter, while increasing its positions in storage giant Micron Technology, SanDisk, as well as Nvidia, Google-C, and Taiwan Semiconductor Manufacturing Company.

According to Gate market data, U.S. stocks opened with the Dow Jones up 0.46%, the S&P 500 down 0.4%, and the Nasdaq down 1.29%. The chip sector opened lower for four consecutive days this week, with SK Hynix (SKHY.O) and SanDisk (SNDK.O) dropping 6%, Micron Technology (MU.O) down 3.9%, Western Digital (WDC.O) down over 5%, and NVIDIA (NVDA.O) down over 3%.

According to CoinGlass data, in the past 24 hours, 10 exchanges have liquidated approximately $803 million in leveraged positions, with long positions accounting for $694 million, representing 86%, affecting a total of 172,100 traders. About $595 million, nearly three-quarters of the total for the day, was liquidated in the last 12 hours, as the South Korean KOSPI index fell by more than 6%, and Bitcoin briefly dropped below $81,000. The largest single liquidation was a $9.65 million Bitcoin long position on Binance, which was forcibly closed at around $81,773, with Binance accounting for half of the total liquidation volume.Bitcoin topped the list with $181 million in liquidations, followed closely by Ethereum with $178 million, despite its market capitalization being much smaller than Bitcoin's; SOL positions lost $60 million, ZEC $24 million, and NEAR $22 million. Stock-related contracts then made the list, with perpetual contracts tracking U.S. storage chip manufacturer SanDisk liquidating $19.09 million, slightly above HYPE's $19.04 million and XRP's $18.78 million. These perpetual contracts allow traders to bet on stock prices without an expiration date on cryptocurrency exchanges, with contracts for SK Hynix, Micron, and the triple-leveraged U.S. semiconductor ETF SOXL also appearing on the heatmap, with SOXL liquidating $7.21 million.The aforementioned losses coincided with a sell-off in the Seoul market, where Samsung Electronics and SK Hynix each fell by about 8%, as the market worried about AI-related valuations and competition from Chinese storage chip manufacturers.

According to Gate market data, U.S. stocks closed on Friday with the Dow Jones Industrial Average initially down 0.19%, the S&P 500 index up 0.16%, and the Nasdaq up 0.39%. SanDisk rose 10.99%, SK Hynix rose 2.46%, Micron Technology rose 3.92%, and NVIDIA rose 1.34%; Qualcomm fell 5.82%, Dell fell 3.3%, and SpaceX fell 1.36%. The Nasdaq Golden Dragon China Index rose 0.78%, Alibaba rose 4.34%, and Baidu fell 0.11%.

According to Gate market data, U.S. stocks opened with the Dow Jones up 0.13%, the S&P 500 index down 0.19%, and the Nasdaq down 0.4%.The storage concept declined, with SanDisk down about 6% and Micron Technology down about 3%. Xpeng Motors fell about 3%, with third-quarter revenue guidance below expectations.

According to the official announcement, Gate ETF will launch UNITREE3L/USDT, UNITREE3S/USDT, SNDK5L/USDT, SNDK5S/USDT, SPCX5L/USDT, SPCX5S/USDT, SKHYNIX5L/USDT, SKHYNIX5S/USDT, MU5L/USDT, and MU5S/USDT on August 19 at 12:00 (UTC+8), supporting 3x or 5x long/short UNITREE3L/3S (Unitree Technology), SNDK5L/5S (SanDisk), SPCX5L/5S (SpaceX), SKHYNIX5L/5S (SK Hynix), and MU5L/5S (Micron). Gate ETF currently supports trading of 408 types of tokens.

According to Gate market data, SanDisk (SNDK.O) stock price rose over 10%, Micron Technology (MU.O) increased by 5.6%, SK Hynix (SKHY.O) and Western Digital (WDC.O) rose over 6%.

According to Gate market data, U.S. stocks opened with the Dow down 0.1%, the S&P 500 up 0.1%, and the Nasdaq up 0.16%.SanDisk rose 7%, as the company expects revenue to maintain mid-to-high double-digit growth from fiscal year 2028 to 2030. Western Digital and Micron Technology rose about 4%, while Applied Materials fell 5%.

The Chief Financial Officer of SanDisk stated that it is expected to obtain a total contract amount of $93.9 billion from 8 customers during the contract period, with a Non-GAAP gross margin of approximately 80% for the fiscal years 2028 to 2030, and a Non-GAAP operating profit margin expected to reach about 75%. It is anticipated that the adjusted free cash flow profit margin will remain at 50% for the fiscal years 2028 to 2030. The company stated that in the future, after fulfilling strategic investment and business development needs, it will return 100% of excess cash to shareholders.SanDisk expects that as the storage industry cycle improves and the demand for high-performance computing (HPC) and artificial intelligence infrastructure grows, the company's profitability will further enhance, and shareholder value will be increased through high-margin businesses and capital return strategies. This capital allocation plan shows that SanDisk will prioritize business expansion and strategic investments in the future while returning remaining cash to investors through stock buybacks, dividends, and other means.

According to Gate market data, the Nasdaq index rose by 1%, with SanDisk (SNDK.O) and SK Hynix both increasing by over 4%.

According to Gate market data, U.S. stocks opened with the Dow Jones up 0.33%, the S&P 500 index up 0.49%, and the Nasdaq up 0.9%.Storage concept stocks strengthened, with SanDisk (SNDK.O) up 6.9%, SK Hynix (SKHY.O) up 5.8%, and Micron Technology (MU.O) up 5.5%.