Jonathan Kitchen/DigitalVision via Getty Images Sandisk ( SNDK ) is not a company that can be analyzed from a traditional memory cycle perspective because it is not relevant anymore. The Q2 FY2026 results and guidance for Q3 imply a much deeper change in NAND. It is moving into a new model based on supply assurance, AI infrastructure, and more strategic customer behavior. The numbers are consisten...
Jonathan Kitchen/DigitalVision via Getty Images Sandisk ( SNDK ) is not a company that can be analyzed from a traditional memory cycle perspective because it is not relevant anymore. The Q2 FY2026 results and guidance for Q3 imply a much deeper change in NAND. It is moving into a new model based on supply assurance, AI infrastructure, and more strategic customer behavior. The numbers are consistent with this thesis. We saw revenue of $3 billion, or +61% year-over-year, and a gross margin of 51.1%. Guidance for Q3 is for a big step-up in earnings. I don’t view this as just a strong cycle; it’s a reset in how the business operates. If these dynamics hold, Sandisk is transitioning from a cyclical memory player into a core layer of AI infrastructure. Sandisk Earnings Q2 Not Just Pricing: A Shift in Power What I think is interesting is the fact that this is not just a story about pricing strength. This is a story about pricing strength and allocation discipline and customer demand shifts. The comment from Goeckeler around the breakdown of the old transactional model was an important one. This is not a story about supply but about customer power. Data center revenue was up 64% sequentially in Q2 . This was driven by accelerating demand for enterprise SSDs within hyperscalers, OEMs, and enterprise AI. The company has already qualified its PCIe Gen5 TLC products with a second hyperscaler. There are others lined up. In addition, its BiCS8 QLC products are still in qualification but will begin to contribute revenue in the coming quarters. So this is a pipeline effect rather than a one-time pop. Sandisk Earnings Q2 Another area of the story that I think warrants a little more focus than usual is the joint venture. Extending the Yokkaichi joint venture through 2034 and committing $1.165 billion of manufacturing payments between 2026 and 2029. So, what this gives us is a little bit of visibility within a memory market where visibility is a rare commodity. If supply is the issue,...
格隆汇3月26日｜曾因发表名为《2028全球智能危机》报告而震惊市场的Citrini Research创办人James van Geelen最新警告称，不要放弃降息预期，油价飙升很可能会给经济带来新的冲击，且力度足以让美联储不至于加息。 他认为，市场将当前局势与2022年油价冲击混为一谈，犯了典型的近因偏差错误。2022年的背景是利率处于零下限、CPI超过5%，美联储别无选择，必须大幅加息。我们现...
格隆汇3月26日｜曾因发表名为《2028全球智能危机》报告而震惊市场的Citrini Research创办人James van Geelen最新警告称，不要放弃降息预期，油价飙升很可能会给经济带来新的冲击，且力度足以让美联储不至于加息。 他认为，市场将当前局势与2022年油价冲击混为一谈，犯了典型的近因偏差错误。2022年的背景是利率处于零下限、CPI超过5%，美联储别无选择，必须大幅加息。我们现在所处的世界截然不同，利率已接近中性水平。 他表示，如果伊朗战争在一个月内得到解决，消费者会略微更疲弱，但会消退对通胀的担忧。若战争拖延下去，预计股价将下跌，财富效应将导致经济疲弱程度过深，市场将无法再接受美联储未来12个月不降息的预期。他表示，Citrini正买入担保隔夜融资利率3个月期货合约，并做空美股对冲。
Musk Seeks To Remove Delaware Judge From His Cases After She "Liked" A Post About His Trial Loss Lawyers for Elon Musk and Tesla are seeking to have a Delaware judge removed from cases involving them, arguing her neutrality could be questioned after her LinkedIn account “liked” a post about Musk losing a recent trial in California, according to Financial Times . Musk’s firm said the interaction wi...
Musk Seeks To Remove Delaware Judge From His Cases After She "Liked" A Post About His Trial Loss Lawyers for Elon Musk and Tesla are seeking to have a Delaware judge removed from cases involving them, arguing her neutrality could be questioned after her LinkedIn account “liked” a post about Musk losing a recent trial in California, according to Financial Times . Musk’s firm said the interaction with the “inflammatory” post created “a perception of bias against Mr. Musk in these cases, recusal is necessary and warranted”. The post referred to a federal case where a jury concluded Musk had defrauded Twitter investors, a decision that could cost him billions if it stands. A consultant who worked with the plaintiffs even took a jab at Musk and his legal team in that same thread. Judge Kathaleen McCormick responded that she didn’t realize the post had been liked until LinkedIn alerted her. She stated: “I either did not click the ‘support’ icon at all, or I did so accidentally. I do not believe that I did it accidentally,” suggesting uncertainty about how it happened. FT writes that the situation is another chapter in Musk’s strained relationship with Delaware’s courts. McCormick has previously ruled against him, including decisions to void Tesla’s massive $56bn compensation package—though it was later reinstated on appeal despite agreement with some of her criticisms. Musk has long expressed distrust of the state’s judiciary, even relocating Tesla’s incorporation to Texas. During a prior dispute with Twitter, he told jurors: “We were unlikely to win the case in Delaware because the judge [McCormick] was extremely biased against me.” McCormick still oversees a separate Tesla-related case tied to shareholder claims about excessive director pay. She said she will consider stepping aside and also noted that she lost access to her LinkedIn account after the incident. The controversy reflects wider concerns about judges’ activity on social media. In 2025, another Delaware judg...
Earnings Call Insights: Modiv Industrial (MDV) Q4 2025 Management View CEO Aaron Halfacre opened the call by acknowledging a transition in the finance leadership, noting that "this is going to be Ray's last earnings call, even though Ray is going to be with us for the remainder of the year, it's his last official earnings call, and John is going to be taking over the helm." He emphasized gratitude...
Earnings Call Insights: Modiv Industrial (MDV) Q4 2025 Management View CEO Aaron Halfacre opened the call by acknowledging a transition in the finance leadership, noting that "this is going to be Ray's last earnings call, even though Ray is going to be with us for the remainder of the year, it's his last official earnings call, and John is going to be taking over the helm." He emphasized gratitude for the accounting and finance team, stating their efficiency allows him to focus on strategic, forward-thinking initiatives. CFO Raymond Pacini reported, "Rental income for the fourth quarter was $11 million compared with $11.7 million in the prior year period." He explained that the decrease was primarily due to the expiration of leases on two office properties, one of which was sold in December and the other is pending sale. Pacini added, "Fourth quarter adjusted funds from operations, or AFFO, was $4 million compared to $4.1 million in the year ago quarter." AFFO per share fell to $0.32 from $0.37 in the prior year, attributed to an increase in diluted shares outstanding from share issuances and partnership units. Pacini detailed that, as of December 31, 2025, "total cash and cash equivalents were $14.4 million, and we had $30 million available to draw on our revolver," and that all consolidated debt is now at a fixed interest rate of 4.15% with no maturities until July 2028. Outlook Halfacre indicated that asset recycling will "start to pick up in earnest" in 2026, particularly focusing on noncore office assets. He explained that current market volatility, especially interest rate fluctuations, is affecting transaction pipelines and buyer confidence, but the company remains committed to its recycling strategy. The CEO elaborated that the goal is to transition to "a rock-solid portfolio long term" by selling office and noncore assets and reallocating into manufacturing-focused industrial properties. He stated, "We will continue to honor our recycling. I think the way w...
(RTTNews) - The Hong Kong stock market has climbed higher in two straight sessions, advancing more than 950 points or 3.6 percent along the way. The Hang Seng Index now rests just beneath the 25,350-point plateau and it may see additional support again on Thursday.
(RTTNews) - The Hong Kong stock market has climbed higher in two straight sessions, advancing more than 950 points or 3.6 percent along the way. The Hang Seng Index now rests just beneath the 25,350-point plateau and it may see additional support again on Thursday.
A “ChatGPT moment” for China’s humanoid robots – the tipping point at which the technology becomes widely usable – remains years away as persistent challenges in adapting to new tasks and training efficiency continue to hold back the industry, leading experts said on Wednesday at the Boao Forum for Asia in Hainan. Despite rapid advances in recent years, humanoid robots were still far from large-sc...
A “ChatGPT moment” for China’s humanoid robots – the tipping point at which the technology becomes widely usable – remains years away as persistent challenges in adapting to new tasks and training efficiency continue to hold back the industry, leading experts said on Wednesday at the Boao Forum for Asia in Hainan. Despite rapid advances in recent years, humanoid robots were still far from large-scale deployment, with both hardware and software limitations yet to be fully resolved, panellists...
peshkov/iStock via Getty Images By Elior Manier US stock benchmarks are still attempting to price a cautious but seemingly better narrative around the Middle East conflict into another rebound in today's session. This continues the theme that had shaken markets in Monday's chaotic but more positive weekly open: the war doesn't seem to be taking a turn for the worse, hinting at what could really be...
peshkov/iStock via Getty Images By Elior Manier US stock benchmarks are still attempting to price a cautious but seemingly better narrative around the Middle East conflict into another rebound in today's session. This continues the theme that had shaken markets in Monday's chaotic but more positive weekly open: the war doesn't seem to be taking a turn for the worse, hinting at what could really be a four to five-week-long conflict. It would be almost too good to be true to see Donald Trump make good on his words, having announced such a deadline to the ceaseless strikes on Islamic regime targets in Iran. The current war isn't faring well with the American public, and right ahead of the midterms coming up in November, the president surely doesn't want to aggravate his case. But during wartime, each headline has to be taken with a pinch of salt, particularly with Iran reportedly rejecting Trump's 15-point plan to add their own demands. They are particularly keen on conserving their long-range ballistic missile capabilities, but the world knows how dangerous they have been, so expect this to be a zone of contention. We should learn more about these developments by Friday. Dow Jones – WTI Inverted Correlation sustains – Source: TradingView Despite all the uncertainty, traders should focus more on what is happening in front of them: the oil stocks' inverse correlation is the only clear market development since the beginning of the month. Tracking the commodity will act as a guide to navigate this clouded environment ( while headlines do the exact opposite). WTI oil had gapped lower in recent sessions and held a lower trajectory since, but has stalled its descent around the $88 level, and this has weighed on stock markets since the mid-session. In today's action, all stock indexes are moving together with no clear outperformer. See more just below. Let's spot where today's cautiously optimistic price action is heading by looking at today’s intraday charts and trading leve...