$SNDK

Sandisk (SNDK) shares fell 4.8% to $1,411 on October 14. Partner SK hynix aims to finalize high-bandwidth-flash specs by January 2027. Sandisk has contracts with 8 customers covering 50% of fiscal 2027 and 66% of fiscal 2028 storage volume, with financial guarantees. The company's GF Score is 45/100, indicating growth and financial strength but lower profitability.

Telecom stocks VZ, T, TMUS, CHTR fell post-SpaceX acquisition, with VZ gaining 1.75% to $43.53. AMAT dropped 6.69% to $464, citing AI-driven demand. JNJ fell 5.73% to $248.61 after earnings, with drug business up 7.7% and MedTech up 2.5%.

Sandisk announced a partnership with Meta to be the exclusive storage provider for Meta VR Glasses, launching in Spring 2027. The collaboration includes Sandisk microSD Express memory cards and USB-C flash drives, designed for high-performance storage in VR experiences. Sandisk's products will be part of the 'Made for Meta' ecosystem and sold in markets where Meta VR Glasses are available, according to the company.

SanDisk launched the Guardian Series, high-endurance memory cards for 24/7 recording in dash cams and security cameras. The cards support 4K UHD and up to 512GB, with prices starting at $28. They are designed for demanding conditions and repeated overwriting, offering a reliable option for users.

Micron (MU), SanDisk (SNDK), and SK Hynix (SKHY) stocks fell in premarket trading despite ASML's (ASML) strong Q3 results and raised 2026 outlook. Concerns over Chinese competition and high valuations weighed on memory stocks. ASML reported €11.7B Q3 sales, up from €7.52B a year earlier, and raised its 2026 sales outlook to €44B–€45B. All three stocks have a Strong Buy consensus rating, with significant implied upside according to analysts.

Sandisk (SNDK), Lumentum (LITE), and Jabil (JBL) are highlighted as AI infrastructure stocks benefiting from strong demand and pricing power. Sandisk reported a 372% revenue surge, with forecasts predicting continued growth. Lumentum sees high demand for optical components, with revenue expected to double by 2027. Both companies face risks from market cycles and high expectations.

Goldman Sachs identifies SanDisk (SNDK), SK Hynix, and Samsung Electronics as better positioned than Micron Technology to benefit from high-bandwidth flash (HBF) technology in AI. Analyst James Schneider estimates the HBF market could reach $40B-$150B by 2030, potentially reducing AI infrastructure costs by 30%. Commercial outcomes remain uncertain.

Stock futures are mixed as investors review earnings reports. UnitedHealth (UNH) shares rise after strong earnings, while memory stocks (MU, SNDK, SKHY) fall due to Chinese chipmaker breakthrough. JPMorgan (JPM), Wells Fargo (WFC), Citigroup (C), and Goldman Sachs (GS) report mixed results. Johnson & Johnson (JNJ) shares slip after missing estimates but raising full-year forecasts.

Jim Cramer noted a shift in AI leadership from chips to software, citing the VanEck Semiconductor ETF (SMH) down 11.1% and iShares Software ETF (IGV) up 22.4% since June 30. Longer-term, chips still lead with a 61.9% gain since 2025. Micron (MU), SanDisk (SNDK), and Bloom Energy (BE) fell due to hedge fund liquidation, despite strong guidance. Microsoft (MSFT) supports chip demand with $115.95B in capex.

U.S. stock futures mixed on Tuesday. JPMorgan Chase (JPM) rose 1.93% despite earnings miss. Johnson & Johnson (JNJ) fell 2.93% despite beating estimates. VF Corporation (VFC) climbed 3.9% on upgrades. Domino’s Pizza (DPZ) fell 3.1% on slowing sales growth. UnitedHealth Group (UNH) gained 2.8% after raising 2026 profit forecast. Chip stocks slid on AI and China competition concerns.