SanDisk SNDK stock surged on Thursday after the memory chipmaker unveiled ambitious long-term financial targets and sought to reassure investors that demand for memory used in artificial intelligence infrastructure will remain strong through the end of the decade. Shares climbed around 15% after the company’s 2026 Investor Day, extending recent gains and making SanDisk one
Anthropic is reportedly targeting a valuation of at least $2 trillion in a potential October IPO, while Chinese memory-chip maker CXMT has overtaken Tencent to become the country’s most valuable listed company. Gold prices retreated from two-month highs as investors booked profits after fresh US inflation data, and oil pared steep losses after reports of
US stocks ended higher on Thursday, with the S&P 500 closing at a fresh record as easing inflation data, falling oil prices and continued strength in technology shares lifted investor sentiment. The S&P 500 rose 0.66% to close at 7,799.73 after briefly crossing the 7,800 mark for the first time during the session. The Nasdaq
Workday (WDAY) shares closed meaningfully higher on Thursday following a Reuters report that the private equity giant Silver Lake is in discussions to acquire the cloud software provider. Talks between the two firms have reportedly taken place behind closed doors in recent months. The media report brought a much-needed reprieve to Workday stock that’s been
Nvidia’s (NVDA) plans to invest a whopping $500 billion in neocloud partners mark a seismic shift in the artificial intelligence (AI) infrastructure market. NVDA has teamed up with private equity giants and asset managers like Apollo, BlackRock, and Blackstone to mobilize 3rd party capital and turn compute hardware into an increasingly investable asset class. While
The Roundhill Memory ETF (DRAM) has lost the momentum it had a few months ago as most memory stocks have pulled back. It has slipped to $50.9, down by 37% from its all-time high. Still, there are some reasons why this fund may rebound in the coming weeks or months. DRAM may benefit from the
SpaceX stock (SPCX) rose around 7% on Wednesday after CEO Elon Musk outlined ambitious plans for artificial intelligence and discussed Starlink and the company’s longer-term future during an all-hands meeting with employees. The stock rose to $142.62 after closing Tuesday down 3.9% at $133.29, putting shares back above their $135 IPO price. Musk held the
Oil prices traded mixed on Wednesday after major energy agencies lowered their forecasts for global oil demand, offsetting support from continued geopolitical tensions and shipping disruptions in the Middle East. Brent crude futures were down 0.25%, at $88.69, while US WTI crude was up 0.22% and was trading at $83.44. Both benchmarks had traded about
Meta Platforms (META) shares fell about 3.4% to $578 on Wednesday as investors weighed fresh privacy concerns in Europe alongside mounting legal challenges in the US, even as some analysts argued the company’s artificial intelligence investments continue to strengthen its core advertising business. The decline comes after Meta’s recent recovery above $600 lost momentum. The
Microsoft Corp. shares MSFT fell 2% in Wednesday morning trading as investors weighed fresh speculation about the company’s in-house Maia AI chips against its rapidly rising infrastructure spending. While the software giant has not confirmed reports that another Maia processor could launch as early as September, analysts increasingly view Microsoft’s custom silicon strategy as a