--- title: "Storage Chips Lead Gains, Sandisk Up Over 6%; Consumer Sentiment Misses Expectations" type: "News" locale: "en" url: "https://longbridge.com/en/news/295957686.md" description: "Major indexes traded in a narrow range. Storage chip stocks rallied with Sandisk up over 6%, while AI small-caps plunged. U. Michigan consumer sentiment fell to 51, well below estimates." datetime: "2026-08-14T16:23:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295957686.md) - [en](https://longbridge.com/en/news/295957686.md) - [zh-HK](https://longbridge.com/zh-HK/news/295957686.md) --- # Storage Chips Lead Gains, Sandisk Up Over 6%; Consumer Sentiment Misses Expectations U.S. stocks traded in a narrow range on August 14 as the three major indexes struggled for direction. The preliminary University of Michigan consumer sentiment index for August came in at **51**, significantly missing the expected **55** and the prior reading of **55.2**. The one-year inflation expectation ticked up to **4.3**, above the forecast of 4.2, triggering modest market volatility after the release. Storage chip stocks led the session, with Sandisk surging over 6% and pulling Micron higher in sympathy. Several biotech names saw outsized moves, with MDxHealth shares more than doubling. On the flip side, AI-themed small-cap stocks suffered heavy selling, with CXApp and Blaize both plunging over 40%. Big tech was largely muted, with Nvidia and Tesla confined to narrow ranges. **Storage Chip Sector Strengthens — Sandisk Up Over 6%** As of press time, Sandisk (SNDK) gained **6.02%** to **$1,620.04** on volume exceeding 14.53 million shares. Micron Technology (MU) rose **1.35%** to **$962.70**. SK Hynix (SKHY) was actively traded with over 15.14 million shares, edging down 0.21%. Sandisk's strong earnings persistence and its 100% cash return pledge helped lift valuation sentiment across the storage sector, with markets focusing on the profit cycle trough and shareholder returns. Nvidia's continued push on its open-source AI strategy indirectly bolstered demand expectations for high-performance memory chips. Nvidia (NVDA) edged up **0.14%** to **$225.61**, following earlier reports that its data center sales surged 92% in Q1 fiscal 2027, with record revenue of $81.6 billion. **Biotech Stocks Post Sharp Moves — MDxHealth Doubles** As of press time, MDxHealth (MDXH) skyrocketed **109.98%** to **$0.97** on volume exceeding 230 million shares; Capricor Therapeutics (CAPR) surged **54.39%** to **$6.50**; Leifras (LFS) jumped **53.24%** to **$3.31**; and Steakholder Foods (STKH) climbed **50%**. On the downside, Outlook Therapeutics (OTLK) fell over 11%. The majority of these movers are small-cap pharma names trading at extremely low share prices, with abnormally high volume largely driven by short-term speculative flows. Fundamental catalysts remain to be confirmed. **AI Small-Cap Names Suffer Heavy Sell-Off** As of press time, CXApp (CXAI) plunged **41.35%** to **$0.10**; Blaize (BZAI) tumbled **45.29%** to **$0.64**; and Hyperscale Data (GPUS) dropped **13.72%**. AI-themed small-cap stocks saw aggressive profit-taking following prior speculative rallies, with several names approaching penny-stock territory. Elsewhere, SpaceX (SPCX) fell **2.75%** to **$137.40** on volume exceeding 54.41 million shares. The company completed its **$60 billion** acquisition of AI coding startup Cursor, effective August 14, aiming to integrate Cursor's coding assistant to optimize AI tool development. Tesla (TSLA) slipped a modest **0.09%** to **$339.64**. On the macro front, the probability of a Fed rate hike in September has dropped to **25%**, with expectations of rates on hold providing some support for growth stocks. ### Related Stocks - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [MDXH.US](https://longbridge.com/en/quote/MDXH.US.md) - [CAPR.US](https://longbridge.com/en/quote/CAPR.US.md) - [CXAI.US](https://longbridge.com/en/quote/CXAI.US.md) - [BZAI.US](https://longbridge.com/en/quote/BZAI.US.md) - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) ## Related News & Research - [Nvidia’s Best Customers Have a Reason to Stop Buying So Many Nvidia Chips](https://longbridge.com/en/news/295572288.md) - [NVDA Stock Alert: Nvidia CEO Jensen Huang Says Chips Are ‘Investable Asset Class’](https://longbridge.com/en/news/296001978.md) - [Nvidia Will Report Q2 Earnings on August 26. Let's Look at Who Owns NVDA Stock](https://longbridge.com/en/news/295958031.md) - [AI weekly: Nvidia does deal with Wall Street, China's AI weather forecasts](https://longbridge.com/en/news/295777975.md) - [Nvidia just recruited Wall Street to help fund $500 billion in AI infrastructure. Here’s the catch.](https://longbridge.com/en/news/295590827.md)