Sandisk (Nasdaq: SNDK) shares kept falling, with a 4.6% drop on Wednesday as of 2:35 p.m. ET, leaving them down 11% for the week and approaching a 20% loss for the month. The sell-off followed news that China's CXMT is making “key progress” on “4F square” DRAM technology and plans to introduce products for the high bandwidth memory (HBM) market for AI data centers before the end of this year, raising fears that its gap with Western memory chipmakers is narrowing. The author notes that Sandisk makes NAND, not DRAM, so CXMT is not a direct competitor. Citing Mizuho analyst Jordan Klein, the author says CXMT is probably years away from mass production and its product is unlikely to match HBM chips, so investors shouldn't panic.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Related news
- Why Lockheed Martin Stock Keeps Going Up
UBS analyst Gavin Parsons upgraded Lockheed Martin to “buy” with a $674 price target, implying 26% upside, as sales of missiles, munitions, F-35 fighters, helicopters and Trident missiles drive 9% sales growth over the next few years. The stock rose another 2.5% by 1:10 p.m. ET, its third straight gain. In a new note, Parsons reiterated that the Missiles and Fire Control (MFC) division could grow 150% in size over five years, with sales rising 20% annually through 2030, and PAC-3, THAAD and JASSM/LRASM adding $7bn, $5bn and $3bn respectively. UBS says few investors expect such growth, so Lockheed could keep delivering positive earnings surprises. MFC's 13% operating margin, above the company's 10.7%, suggests profits could grow faster than the 17% Wall Street expects, and the author considers the stock attractive at under 20 times earnings.
- Not going to prejudge : Fed Chair keeps rate outlook open ; calls AI positive supply shock
Federal Reserve Chair Kevin Warsh declined to signal the central bank's next rate move, saying he would not “prejudge” policy decisions. Speaking at the 2026 IMF and World Bank Annual Meetings, he described artificial intelligence as a “positive supply shock” for the economy over the medium term and said the US is seeing a massive surge in investment. Markets broadly expect the Fed to keep rates unchanged at its October 27–28 meeting, though some major brokerages see a possible rate hike in December. Warsh said the Fed will reassess economic conditions at its October and December meetings and that AI is hitting demand before supply, so policymakers should recognise it as a shock.
- Not going to prejudge: Fed Chair keeps rate outlook open; calls AI 'positive supply shock'
Fed Chair Kevin Warsh declined to signal the central bank's next interest-rate move, saying he would not 'prejudge' FOMC decisions, during a fireside chat at the 2026 Annual Meetings of the IMF and World Bank Group. He described AI as a 'positive supply shock' over the medium term and said the US is seeing a massive surge in investment, though not equally across countries, challenging the theory of 'secular stagnation.' Warsh said developments over the past month broadly matched Fed expectations and that the central bank will reassess conditions at its October and December meetings. Markets broadly expect no change at the October 27-28 meeting, while some major brokerages see a potential rate hike in December. He also said the Fed will hold its first field hearing of a task force on November 16.
- Not going to prejudge: Fed Chair keeps rate outlook open; calls AI positive supply shock
Fed Chair Kevin Warsh declined to signal the central bank's next rate move in a fireside chat at the 2026 IMF and World Bank Annual Meetings, saying he would not “prejudge” policy decisions. He described AI as a “positive supply shock” over the medium term, noting that it is hitting demand before supply and that the US is seeing a massive investment surge, which challenges the “secular stagnation” theory. Major brokerages expect a possible rate hike in December, while markets broadly expect rates to stay unchanged at the October 27-28 meeting. The Fed will also hold the first field hearing of a task force on November 16.
- Not going to prejudge: Fed Chair keeps rate outlook open; calls AI positive supply shock
Fed Chair Kevin Warsh declined to signal the central bank's next interest-rate move, saying he would not prejudge policy decisions. Speaking at a fireside chat at the 2026 IMF and World Bank Annual Meetings, he said the US is seeing a massive investment surge, though not evenly across countries, challenging the “secular stagnation” view. Major brokerages expect a possible rate hike in December, while markets broadly expect no change at the October 27-28 meeting. He called AI a “positive supply shock” over the medium term, noting it hits demand before supply, and said the Fed's first task-force field hearing will be held on November 16.
- Not going to prejudge: Fed Chair keeps rate outlook open; calls AI positive supply shock
Fed Chair Kevin Warsh declined to signal the central bank's next interest-rate move at the IMF and World Bank annual meetings, saying he would not 'prejudge' policy decisions. He described AI as a 'positive supply shock' for the economy over the medium term and said the US is seeing a massive investment surge, which challenges the theory of secular stagnation. Major brokerages reportedly expect a possible rate hike in December, while markets broadly anticipate no change at the October 27-28 meeting. Warsh said AI is hitting demand before it hits supply, so central bankers and businesses must recognise it as a shock. The Fed will also hold the first field hearing of a task force on November 16.
Related markets
Latest news
- Winning over Vingroup and Sun Group with concrete and special materials: Vietnamese company's profit up 136%, chairman speaks out
Song Da Cao Cuong (SCL) reported Q3/2026 profit of VND 38 billion, up 136%, on net revenue of over VND 263 billion (up nearly 98%), while gross profit margin rose from about 36% to 41%. For the first nine months, revenue reached nearly VND 666 billion (up 81%) and after-tax profit nearly VND 94 billion, already exceeding more than 110% of its full-year profit target. Chairman Kieu Van Mat attributed the results to technology upgrades, production line optimization and capacity expansion, with several new plants expected to start operations by November 2026. The company said it spent more than two years testing its products before Vingroup accepted them; Vingroup's share of its business has fallen to about 25% as customers expanded to around 10 major groups and exports began to Laos, Cambodia and the Philippines. Over the past two years, the company has invested about VND 1,000 billion in factories and technology.
- Coteccons Chairman Bolat Duisenov reveals new direction: expanding home construction for individual customers
At the annual general meeting on October 20, Coteccons (HoSE: CTD) set fiscal 2027 targets of VND 42,000 billion in revenue and VND 1,050 billion in after-tax profit, and said it is considering expanding into residential construction for individual customers (B2C). In fiscal 2026, net revenue reached VND 34,340 billion (up 38%, 115% of plan) and after-tax profit VND 788 billion (up 73%); new contract wins totaled VND 60,307 billion and backlog was about VND 70,000 billion. In the first quarter of the new fiscal year, the company booked revenue of VND 11,270 billion and profit of VND 306 billion, but new contract value of VND 14,519 billion was lower than a year earlier; the company said it is tightening criteria for selecting clients and projects. Coteccons is also working with Microsoft, is expected to become a strategic partner of Workday, and targets raising its ROE from 10% to 15-18% by 2030.
- UPS Yields 6.7% After Firing Amazon. Here's Whether the Dividend Survives 2027.
UPS shares yield 6.7% as of October 16. The company has moved away from high-volume, low-margin Amazon deliveries and froze its dividend earlier this year, ending a 16-year streak of increases. The article says the payout will likely remain frozen through 2026 and 2027, citing competition from 10- and 30-year Treasury yields above 5% and other industrial dividend payers, but calls the dividend's safety questionable: UPS generated $5.47 billion in free cash flow in 2025, with $5.4 billion going to dividends, and free cash flow is projected to fall to $5.05 billion in 2026 and $5.01 billion in 2027, with the dividend absorbing about 98% of 2026 free cash flow. Rising competition and high fuel prices add pressure, and the article suggests investors may find more safety in the industrial sector.
- Asian shares mostly decline after AI stocks lead a rebound on Wall Street
Asian shares mostly fell in cautious trading on Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices stayed high. Japan's Nikkei 225 slipped 0.6% to 64,512.35 in early trading, South Korea's Kospi dropped 2.8%, and Australia's S&P/ASX 200 lost 0.8%. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq gained 1.1%, helped by Nvidia's 1.4% gain, while most stocks outside AI and tech fell and the Dow slipped 0.1%. The 10-year Treasury yield climbed to 5.14%, and U.S. crude rose to $103.50 a barrel and Brent to $109.47, as uncertainty about when the energy industry will return to normal after the war with Iran means oil is unlikely to ease soon.
- Asian shares mostly decline after AI stocks lead a rebound on Wall Street
Asian shares mostly fell in cautious trading Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices remained high. Japan's Nikkei 225 slipped 0.6% to 64,512.35, Australia's S&P/ASX 200 lost 0.8% to 8,772.10, and South Korea's Kospi dropped 2.8% to 5,605.31. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq rallied 1.1%, helped by Nvidia, while the Dow fell 0.1%. The 10-year Treasury yield climbed to 5.14%, and U.S. crude rose 0.15% to $103.50 a barrel as uncertainty over the war with Iran kept oil prices elevated.
- What Could X-Energy (XE) Gain From Its 960MW Indiana Nuclear Project?
X-Energy (NasdaqGS:XE), American Electric Power and Amazon agreed to assess a 960 MW advanced nuclear project in Indiana using Xe-100 reactors, on a former coal plant site. Under the joint development agreement, Amazon would provide development funding and commit to a long-term power purchase. The article says the deal offers commercial validation for X-Energy's reactor platform rather than immediate financial relief, as the company, with a $4.3b market cap, reported $150.28 million in revenue, a $448.87 million loss, and a 20.2x price-to-sales ratio. The next key milestone is whether the study reaches a final investment decision for the Sullivan County site.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.