Mixed Close for US Stocks as Chipmakers Rally
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 29 2026
0mins
Should l Buy SNDK?
Source: NASDAQ.COM
- Chipmaker Strength: ASML reported record Q4 bookings of €13.2 billion, significantly exceeding the consensus of €6.85 billion, which boosted chipmakers and AI infrastructure stocks, enhancing market confidence in AI spending sustainability.
- Fed Policy Unchanged: The FOMC maintained the interest rate at 3.50%-3.75% as expected, with Chair Powell indicating strong economic performance without signaling imminent rate cuts, keeping market focus on future policy directions.
- Dollar and Gold Fluctuations: The dollar index rebounded after hitting a nearly four-year low, while President Trump's comments on dollar weakness pushed gold prices up over 3% to a new all-time high, reflecting increased demand for safe-haven assets.
- Economic Data Expectations: Initial jobless claims are expected to rise by 5,000 to 205,000 this week, and Q3 nonfarm productivity is anticipated to remain at 4.9%, indicating ongoing economic growth and potential market volatility.
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Analyst Views on SNDK
Wall Street analysts forecast SNDK stock price to fall
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 588.730
Low
220.00
Averages
283.69
High
410.00
Current: 588.730
Low
220.00
Averages
283.69
High
410.00
About SNDK
SanDisk Corporation is a developer, manufacturer and provider of data storage devices and solutions based on NAND flash technology and has consumer brands and franchises globally. The Company's solutions include a range of solid state drives (SSDs) embedded products, removable cards, universal serial bus (USB) drives, and wafers and components. Its broad portfolio of technology and products addresses multiple end markets of cloud, client and consumer. Its cloud end market is comprised primarily of products for public or private cloud environments and enterprise customers. The Company, through the client end market, provides numerous data solutions that it incorporates into its client’s devices, which consist of solid state drive desktop and notebook personal computers, gaming consoles and set top boxes, and flash-based embedded storage products. The Company serves the consumer end market with a portfolio of solid state drives and removable flash, including cards and USB flash drives.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- High Bandwidth Memory Outlook: Micron's high bandwidth memory (HBM) is completely sold out, with expectations for the total addressable market to reach $100 billion by 2028, growing at a compound annual growth rate of approximately 40%, which strongly supports its competitiveness in the AI chip market.
- Low Market Valuation: Despite Micron's optimistic growth prospects, its stock trades at a low price-to-earnings ratio of 11.5, reflecting market concerns about its cyclical nature; however, the current upward cycle in memory may persist, presenting investment opportunities.
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- Robust NAND Market: Micron's NAND revenue reached $2.7 billion, up 22% year-over-year, with demand significantly outpacing supply, particularly as AI chip requirements surge, further solidifying its market position.
- SanDisk's Rapid Growth: SanDisk reported a 61% year-over-year and 31% quarter-over-quarter revenue increase in Q2 2026, with Q3 revenue expected to rise over 50% sequentially, showcasing its strong pricing power and customer demand in the NAND market.
- Optimistic Future Outlook: Both Micron and SanDisk hold significant positions in the memory market, with Micron mitigating risks through multi-year HBM contracts and SanDisk collaborating with SK Hynix to standardize next-generation memory technology, positioning both for sustained growth ahead.
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