Significant ETF Withdrawals: SCHM, SNDK, TPR, STLD
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 31 2025
0mins
Should l Buy SNDK?
Source: NASDAQ.COM
52-Week Range Analysis: SCHM's share price has a 52-week low of $22.41 and a high of $30.3051, with the last trade recorded at $29.54.
Understanding ETFs: Exchange traded funds (ETFs) function like stocks, where investors buy and sell "units" that can be created or destroyed based on demand.
Monitoring ETF Flows: Weekly monitoring of shares outstanding helps identify ETFs with significant inflows (new units created) or outflows (old units destroyed), impacting the underlying holdings.
Disclaimer: The views expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.
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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: 572.500
Low
220.00
Averages
283.69
High
410.00
Current: 572.500
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 Datacenter, Edge and Consumer. Its Datacenter end market is composed primarily of products for public or private cloud environments and enterprise customers. The Company, through the Edge end market, provides original equipment manufacturer and channel customers a broad array of high-performance flash solutions across personal computer, mobile, gaming, automotive, virtual reality headsets, at-home entertainment, and industrial spaces. The Company serves the Consumer end market with a broad range of retail and other end-user products.
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.
Sandisk Announces Fiscal Q3 Earnings Call Date
- Earnings Call Announcement: Sandisk Corporation has announced that it will hold its fiscal third quarter earnings conference call on April 30, 2026, at 1:30 p.m. Pacific Time, aimed at updating investors on its financial performance and future outlook.
- Webcast Availability: The conference call will feature a live webcast and a replay option, allowing investors to access the information conveniently via investor.sandisk.com, thereby enhancing transparency and accessibility of corporate communications.
- Company Overview: Sandisk focuses on delivering innovative Flash solutions and advanced memory technologies that meet the aspirations of individuals and businesses, enabling them to push the boundaries of possibility and drive technological advancement.
- Brand Engagement Channels: Sandisk actively engages with users through social media platforms such as Instagram, Facebook, X, LinkedIn, and YouTube, enhancing brand visibility and attracting a broader audience.
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- Falling Bond Yields: The 10-year Treasury note yield dropped to a one-week low of 4.30%, indicating market expectations that an end to the Iran conflict could lower energy prices and alleviate inflation concerns, further supporting stock market gains.
- Consumer Confidence Rises: The US March consumer confidence index unexpectedly increased by 0.8 to 91.8, surpassing expectations of a decline to 87.9, suggesting enhanced consumer confidence in economic prospects, which could drive spending and economic growth.
- Strong Chinese Economy: China's March manufacturing PMI rose to 50.4, exceeding expectations of 50.1, indicating signs of economic recovery that support global growth prospects and positively influence market performance.
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- Market Reaction Analysis: Following Google's announcement of the TurboQuant algorithm on March 24, memory and storage stocks have seen significant declines, with Western Digital, Seagate, and Sandisk dropping 21%, 17%, and 26% respectively, reflecting market concerns over the new technology.
- Analyst Rating Adjustments: Bernstein upgraded Western Digital from Market Perform to Outperform, raising its target price from $170 to $340, while maintaining Seagate's Outperform rating and increasing its target price from $500 to $620, indicating a positive outlook for the industry.
- Demand and Price Expectations: Analysts expect the combined revenue of Western Digital and Seagate to grow at a 24% CAGR from FY25 to FY30, driven by 24% bits growth and stable average selling prices, suggesting robust market demand.
- Technology Impact Assessment: Although the TurboQuant algorithm achieved a six-fold reduction in KV cache memory and eight-fold inference performance gains on Nvidia H100 GPUs, Bernstein analysts noted that it has no impact on HDD demand, primarily affecting GPU HBM or system DRAM, indicating stable demand for HDDs.
See More
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- Memory Demand Decline: Google's recent announcement of the TurboQuant compression technology, which can reduce AI model memory requirements by at least six times with 'zero accuracy loss,' raises concerns about future demand for memory chips, impacting companies like Micron.
- Micron Stock Plunge: Micron Technology's shares fell nearly 10% on Monday, marking a roughly 30% decline since its blowout earnings report on March 18, indicating market apprehension regarding its future prospects, especially following the new technology announcement.
- Diverging Investor Sentiment: While retail sentiment for Micron remains 'extremely bullish' on Stocktwits, sentiment for SanDisk and Western Digital is 'bearish,' reflecting differing market expectations and concerns over the NAND market's vulnerability.
- Analysts Optimistic on Long-Term Outlook: Despite short-term pressures, analysts remain bullish on Micron's long-term prospects, with 38 out of 43 analysts recommending 'Buy' or higher, and an average price target of $527.60 suggesting over 64% upside potential for the stock.
See More
Micron Technology Shares Plunge 9.88% Amid AI Demand Concerns
- Significant Stock Drop: Micron Technology (MU) closed at $321.80 on Monday, down 9.88%, reflecting investor concerns about future growth, particularly in light of Google's TurboQuant AI algorithm potentially curbing memory demand.
- Surge in Trading Volume: The trading volume reached 72.4 million shares, nearly double the three-month average of 36.3 million shares, indicating heightened market attention and anxiety regarding Micron's outlook.
- Market Expectation Reset: Despite Micron's strong earnings report earlier this month, the stock has trended downward as investors question the sustainability of its over $25 billion capital spending plan, especially with Google's new algorithm potentially reducing memory demand.
- Focus on Long-Term Potential: While facing short-term pressures, investors should remain focused on Micron's long-term potential, particularly as more efficient memory models could drive increased demand, although the full impact of Google's new algorithm remains unclear.
See More
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- Divergent Market Performance: On Monday, the S&P 500 index fell by 0.39%, while the Nasdaq 100 hit a 7.75-month low, indicating market concerns over the Middle East situation, particularly exacerbated by a sell-off in chip stocks, which negatively impacted investor confidence.
- Declining Bond Yields: The 10-year T-note yield dropped by 8 basis points to 4.34%, reflecting market fears that the ongoing war in the Middle East could lead to fuel shortages, potentially suppressing expectations for Fed rate hikes and highlighting economic growth uncertainties.
- Rising Crude Oil Prices: Crude oil prices surged over 3% to a three-week high due to Iranian attacks on the Strait of Hormuz, indicating severe threats to global energy supply chains, which could lead to soaring prices in the future and impact the global economy.
- Weak Manufacturing Activity: The Dallas Fed manufacturing activity survey fell to -0.2, below the expected 2.0, reflecting signs of economic slowdown that could influence corporate investment decisions and future economic growth.
See More
Sandisk Announces Fiscal Q3 Earnings Call Date
- Earnings Call Announcement: Sandisk Corporation has announced that it will hold its fiscal third quarter earnings conference call on April 30, 2026, at 1:30 p.m. Pacific Time, aimed at updating investors on its financial performance and future outlook.
- Webcast Availability: The conference call will feature a live webcast and a replay option, allowing investors to access the information conveniently via investor.sandisk.com, thereby enhancing transparency and accessibility of corporate communications.
- Company Overview: Sandisk focuses on delivering innovative Flash solutions and advanced memory technologies that meet the aspirations of individuals and businesses, enabling them to push the boundaries of possibility and drive technological advancement.
- Brand Engagement Channels: Sandisk actively engages with users through social media platforms such as Instagram, Facebook, X, LinkedIn, and YouTube, enhancing brand visibility and attracting a broader audience.
See More
US Stocks Surge as Market Sentiment Improves
- Market Sentiment Improves: The S&P 500 index rose by 1.02%, the Dow Jones Industrial Average increased by 0.67%, and the Nasdaq 100 surged by 1.10% as President Trump signaled a willingness to end military actions against Iran, reflecting investor optimism over easing geopolitical risks.
- Falling Bond Yields: The 10-year Treasury note yield dropped to a one-week low of 4.30%, indicating market expectations that an end to the Iran conflict could lower energy prices and alleviate inflation concerns, further supporting stock market gains.
- Consumer Confidence Rises: The US March consumer confidence index unexpectedly increased by 0.8 to 91.8, surpassing expectations of a decline to 87.9, suggesting enhanced consumer confidence in economic prospects, which could drive spending and economic growth.
- Strong Chinese Economy: China's March manufacturing PMI rose to 50.4, exceeding expectations of 50.1, indicating signs of economic recovery that support global growth prospects and positively influence market performance.
See More
Memory and Storage Stocks Decline Following Google Algorithm Announcement
- Market Reaction Analysis: Following Google's announcement of the TurboQuant algorithm on March 24, memory and storage stocks have seen significant declines, with Western Digital, Seagate, and Sandisk dropping 21%, 17%, and 26% respectively, reflecting market concerns over the new technology.
- Analyst Rating Adjustments: Bernstein upgraded Western Digital from Market Perform to Outperform, raising its target price from $170 to $340, while maintaining Seagate's Outperform rating and increasing its target price from $500 to $620, indicating a positive outlook for the industry.
- Demand and Price Expectations: Analysts expect the combined revenue of Western Digital and Seagate to grow at a 24% CAGR from FY25 to FY30, driven by 24% bits growth and stable average selling prices, suggesting robust market demand.
- Technology Impact Assessment: Although the TurboQuant algorithm achieved a six-fold reduction in KV cache memory and eight-fold inference performance gains on Nvidia H100 GPUs, Bernstein analysts noted that it has no impact on HDD demand, primarily affecting GPU HBM or system DRAM, indicating stable demand for HDDs.
See More
Memory Stocks Plummet as Google's New Tech Raises Concerns
- Memory Demand Decline: Google's recent announcement of the TurboQuant compression technology, which can reduce AI model memory requirements by at least six times with 'zero accuracy loss,' raises concerns about future demand for memory chips, impacting companies like Micron.
- Micron Stock Plunge: Micron Technology's shares fell nearly 10% on Monday, marking a roughly 30% decline since its blowout earnings report on March 18, indicating market apprehension regarding its future prospects, especially following the new technology announcement.
- Diverging Investor Sentiment: While retail sentiment for Micron remains 'extremely bullish' on Stocktwits, sentiment for SanDisk and Western Digital is 'bearish,' reflecting differing market expectations and concerns over the NAND market's vulnerability.
- Analysts Optimistic on Long-Term Outlook: Despite short-term pressures, analysts remain bullish on Micron's long-term prospects, with 38 out of 43 analysts recommending 'Buy' or higher, and an average price target of $527.60 suggesting over 64% upside potential for the stock.
See More
Micron Technology Shares Plunge 9.88% Amid AI Demand Concerns
- Significant Stock Drop: Micron Technology (MU) closed at $321.80 on Monday, down 9.88%, reflecting investor concerns about future growth, particularly in light of Google's TurboQuant AI algorithm potentially curbing memory demand.
- Surge in Trading Volume: The trading volume reached 72.4 million shares, nearly double the three-month average of 36.3 million shares, indicating heightened market attention and anxiety regarding Micron's outlook.
- Market Expectation Reset: Despite Micron's strong earnings report earlier this month, the stock has trended downward as investors question the sustainability of its over $25 billion capital spending plan, especially with Google's new algorithm potentially reducing memory demand.
- Focus on Long-Term Potential: While facing short-term pressures, investors should remain focused on Micron's long-term potential, particularly as more efficient memory models could drive increased demand, although the full impact of Google's new algorithm remains unclear.
See More
Mixed Close for US Stocks as Nasdaq Hits 7.75-Month Low Amid Middle East Tensions
- Divergent Market Performance: On Monday, the S&P 500 index fell by 0.39%, while the Nasdaq 100 hit a 7.75-month low, indicating market concerns over the Middle East situation, particularly exacerbated by a sell-off in chip stocks, which negatively impacted investor confidence.
- Declining Bond Yields: The 10-year T-note yield dropped by 8 basis points to 4.34%, reflecting market fears that the ongoing war in the Middle East could lead to fuel shortages, potentially suppressing expectations for Fed rate hikes and highlighting economic growth uncertainties.
- Rising Crude Oil Prices: Crude oil prices surged over 3% to a three-week high due to Iranian attacks on the Strait of Hormuz, indicating severe threats to global energy supply chains, which could lead to soaring prices in the future and impact the global economy.
- Weak Manufacturing Activity: The Dallas Fed manufacturing activity survey fell to -0.2, below the expected 2.0, reflecting signs of economic slowdown that could influence corporate investment decisions and future economic growth.
See More
