Samsung’s 19-Fold Profit Surge Fueled by AI Chips, But Shares Plunge on Boom Worries
Investors fear the AI rally may be peaking.
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Anthropic’s AI Chip Ambitions Spark Semiconductor Sell-Off
Anthropic has started developing a custom AI chip and is in early talks with Samsung. The news sparked a sell-off in Nvidia, AMD, and semiconductor stocks amid growing custom silicon trend.
Seagate Plunges as CEO Warns on Capacity Expansion Pace
Seagate stock fell after CEO warned supply won’t grow fast despite strong AI demand, worrying investors about near-term growth.
Strongest Quarter in Years for Western Digital: AI Drives 45% Growth, But Shares Fall After Earnings
WDC beat earnings on AI storage demand and raised its outlook and dividend, but the stock fell after hours despite strong growth, similar to what happened with its peer Sandisk.
SanDisk Shares Jump as Analyst Predicts $2,600 Price Target
Evercore ISI initiates coverage on SanDisk with Outperform rating and $1,200 target, seeing bull case of $2,600. Stock surges as it joins Nasdaq 100.
Bernstein Sets $1,250 Price Target on SanDisk Amid NAND Price Surge
SanDisk surged after Bernstein raised its price target to the highest level on Wall Street and sharply boosted earnings estimates, driven by strong NAND memory prices and AI demand.