SanDisk surges 12% during regular trading on S&P 100 inclusion
US Stock Market Update·Top 5 US Stock Gainers/Losers (>100B) (9.4)
Top Gainers&Losers·- On September 4, major US stock indices closed lower, with the Nasdaq Composite falling 0.29 %, the S & P 500 dropping 0.38 %, and the Dow Jones falling 0.51 %. - Among major companies with market caps over 100 billion, SanDisk (SNDK) surged 11.9 % with a trading volume of 27.76 billion dollars, while SK Hynix (SKHY) rose 8.14 %. - Conversely, Adobe (ADBE) declined 6.73 % and Tesla (TSLA) dropped 5.92 %, with respective trading volumes of 1.76 billion dollars and 23.01 billion dollars.Top 10 US Stock Gainers (9.4)
Top Gainers&Losers·US Stocks Fall, Dow Drops 270 Points; SOX Bucks Trend to Gain Over 3% Led by Memory, Optical Communication Stocks; SanDisk Rises Nearly 12%, Tesla Drops Almost 6%
TradingKey·- Driven by stronger-than-expected US August non-farm payrolls data, major US stock indices fell while the Philadelphia Semiconductor Index bucked the trend to rise 3.37% to 11,735.26 points. - Tesla shares dropped 5.92% as its Cybercab robotaxi update fell short of expectations, whereas memory and optical communication stocks led the semiconductor gains with SanDisk surging 11.90%. - Citigroup adjusted its forecast for the Federal Reserve's next rate cut from October 2026 to June 2027 following the robust labor market data.SanDisk surges 11% on Lynx Research $2,450 price target
US Stock Market Update·SanDisk Surges 10% After Lynx Sets $2,450 Target
US Stock Market Update·Memory Stocks Micron (MU) and SanDisk (SNDK) Have Big Upside Potential, Says Lynx Research
Tip Ranks·- Lynx Research issued bullish price targets of $ 1,325 for Micron and $ 2,450 for SanDisk, representing implied upsides of 31.7% and 41.9% respectively. - The firm noted that trading in these memory stocks transitioned from hype-driven volatility to stable, steady buying patterns in August. - Improving DRAM and NAND spot prices, alongside robust AI data center demand for high-bandwidth memory, further support this positive thesis.