US Stocks Rise as ASML Reports Record Orders
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 28 2026
0mins
Should l Buy SNDK?
Source: NASDAQ.COM
- Strong Market Performance: The S&P 500 index rose by 0.28% to reach a new all-time high, while the Nasdaq 100 increased by 0.81%, reflecting strong investor confidence in tech stocks, particularly chipmakers and AI infrastructure.
- ASML Order Surge: ASML Holding NV reported record Q4 bookings of €13.2 billion, significantly exceeding the consensus of €6.85 billion, indicating sustained growth in AI spending and further boosting market optimism.
- Earnings Beat Expectations: Positive earnings reports from companies like Seagate Technology and Texas Instruments have led to stock price increases, enhancing investor confidence in the tech sector and likely stimulating further market activity.
- Economic Data Focus: The market will be attentive to new tariff news and government funding resolutions this week, with expectations that the FOMC will keep interest rates unchanged, influencing market sentiment regarding future economic policies.
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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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Tech Sector Performance: The technology sector is the only one showing a gain during this period, although it is a modest increase.
Recent Struggles: Despite the recent positive performance, the tech sector has struggled over the past three months, experiencing a decline of more than 5%.
Constructive Start: The recent gain in the tech sector is seen as a constructive start, indicating potential recovery after a challenging period.
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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.
See More
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- Micron's Strong Performance: Micron generated a record $10.8 billion in DRAM revenue in Q1 2026, reflecting a 69% year-over-year and 20% quarter-over-quarter increase, indicating robust demand and competitive strength that is expected to drive future growth.
- 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.
See More
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See More
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