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Sandisk and Western Digital shares fell sharply Thursday, despite exceeding Wall Street’s quarterly sales and profit estimates.

(Corrects to remove detailed Microsoft information as story published July 31 included Q3 data.)

Memory stocks are crashing even as SK Hynix, Micron, and Sandisk post the best financial results in their histories. What investors are reacting to has almost nothing to do with what these companies are actually reporting.

Memory stocks are cratering despite blockbuster earnings, and the reason reveals something uncomfortable about how much of the AI storage boom traders had already priced in before Thursday's open.

U. S. stock futures were little changed ahead of Thursday’s opening bell, pointing to another cautious session as investors looked ahead to Friday’s closely watched employment report for fresh clues on the Federal Reserve’s next policy move.

The memory chip market continues to strengthen.

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock

During an interview with CNBC, Frasse said that the current downturn and volatility in chip and memory stocks is just a reversion to the mean more than anything else.

SanDisk Drops After Forecast Misses Expectations Despite Strong Quarterly Results

Datacenter revenue doubled to $2.98 billion as gross margin reached 84.6%

The backdrop remains strong for memory chips and Sandisk, this AlphaSpace stat shows.

Wall Street was predicted to see a mixed open on Thursday, as another batch of technology earnings undermines confidence and apparent progress towards an Iran deal raises fears of yet another false dawn. Dow Jones futures were up 57 points, or 0.1%, with the blue-chip index on course to build...

Stock Market Today: The Dow Jones index rises, while tech futures drop as AI stocks Sandisk and Western Digital plunge on earnings.

Investing.com - U.S. stock index futures hovered around the flatline on Thursday as investors awaited developments over a potential agreement to reopen the Strait of Hormuz, while renewed concerns over the sustainability of the artificial intelligence spending boom pressured technology shares.

US equity markets were mostly pointing higher before the opening bell Thursday as investors assess p

SanDisk reported fiscal fourth-quarter revenue of $8.97 billion, but its first-quarter outlook missed Wall Street expectations

SpaceX's post-IPO lockup expiration and weak results from Sandisk and AppLovin are weighing on tech stocks Thursday

Data storage companies tumbled in premarket trading on Thursday after quarterly results from Sandisk and Western Digital failed to sustain momentum in an ‌industry that has become one of Wall Street's hottest bets this year. Shares of Sandisk ‌lost 9.2% to trade at $1,226.04, while Western Digital shed 14.6% and was last changing hands at $443.3. After the closing bell ​on Wednesday, both Sandisk and Western Digital forecast quarterly revenue that beat estimates compiled by LSEG, but fell short of high market expectations.

Memory stocks falter after guidance from Sandisk and Western Digital fails to meet the market’s sky-high expectations.

Technology shares linked to the artificial intelligence boom came under renewed pressure on Thursday, as another wave of corporate earnings prompted investors to take profits from some of the market’s biggest winners. The weakness spread across Asia before carrying into U.

Sandisk (NASDAQ:SNDK) shares fell in premarket trading on Thursday after the flash memory manufacturer issued first-quarter guidance that failed to meet investors’ elevated expectations, despite another quarter of exceptional growth fuelled by artificial intelligence demand. The company forecast fiscal first-quarter 2027 revenue of between $10.

Shares dip after Sandisk and Western Digital fail to deliver the sort of knockout guidance investors are used to.

Aug 6 (Reuters) - S&P 500 and Dow futures were steady on Thursday after this week's record-breaking rally as investors awaited details on a Middle East peace deal, while Nasdaq futures slipped as

Investing.com - A selloff in Asian technology shares gathered pace on Thursday, following sharp losses in SpaceX and Advanced Micro Devices that renewed skepticism over the sustainability of returns from the AI investment boom.

Investors absorbed a wall of earnings reports, prospects of an imminent Strait of Hormuz deal, and fresh labor market data.

↘️ Western Digital (WDC): Shares in the data storage company fell more than 14% premarket despite a more than elevenfold increase in quarterly profit driven by AI storage demand. Sandisk (SNDK) shares also dropped in off-hours trading, falling 7%, despite reporting soaring revenue.

Networking stocks like Astera and Arista could be the next big winners as the AI boom continues.

Chip stocks fell in Asia and the U.S. as investors once again grew nervous about the durability of artificial-intelligence spending, while oil held steady in early European trade.

SanDisk Corp. (NASDAQ:SNDK) said artificial intelligence is fundamentally changing how it works with customers, with CEO David Goeckeler describing a shift from short-term pricing negotiations to long-term strategic partnerships as demand for AI infrastructure accelerates. From Quarterly Price Talks To Long-Term Strategy During the chipmaker’s fourth-quarter earnings call, Goeckeler said discussions with customers have moved beyond procurement teams and now involve the CEOs and CFOs of some of t

Micron, SanDisk, and Western Digital reported record cash flows in their most recent quarterly reports, part of which is expected to go towards buybacks.