Significant ETF Withdrawals: SCHM, SNDK, TPR, STLD
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 31 2025
0mins
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: 1589.550
Low
220.00
Averages
283.69
High
410.00
Current: 1589.550
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 Reports Strong Growth Amid AI Boom
- Significant Revenue Growth: Sandisk reported $5.95 billion in revenue for Q3 FY2026, marking a 97% sequential increase and a 251% year-over-year growth, with guidance suggesting a midpoint of $8 billion for Q4, indicating a 34.5% sequential growth.
- Sustained Market Demand: Despite the cyclical nature of the memory chip industry, CEO David Goeckeler indicated that the NAND flash memory market will remain undersupplied at least through 2027, providing strong support for the company's growth in the coming years.
- AI Industry Driving Growth: With Grand View Research projecting a 30.6% CAGR for the AI sector, Sandisk is poised to benefit from robust demand from tech giants like Amazon and Meta, who are investing heavily in memory chips to maintain a competitive edge.
- Investor Confidence Boosted: Sandisk's stock has surged nearly 4000% over the past year, reflecting strong market confidence in its growth potential, although investors should remain cautious of cyclical risks, the current demand trends present a favorable outlook for the company.
See More
Micron Technology Surpasses $1 Trillion Market Cap
- Market Cap Surge: Micron Technology's market capitalization unexpectedly surpassed $1 trillion on Tuesday, marking a tenfold increase from nearly $100 billion a year ago, underscoring its strong performance in the AI-driven memory chip market and solidifying its market leadership.
- Flash Business Growth: Sandisk's revenue tripled year-over-year to nearly $6 billion in Q3 2025, with non-GAAP gross margin soaring from 22.7% to 78.4%, highlighting its significant profitability improvement in the rapidly growing NAND flash market.
- Hard Drive Performance: Western Digital reported a 45% year-over-year revenue increase to approximately $3.3 billion in Q3, with its cloud segment now accounting for nearly 90% of sales, and adjusted earnings nearly doubling, indicating strong demand in the high-capacity storage market.
- Future Outlook: Sandisk anticipates Q4 revenue between $7.75 billion and $8.25 billion, while Western Digital has sold out its 2026 high-capacity drive production, reflecting sustained growth in storage demand driven by AI, despite ongoing cyclical risks.
See More
Analysis of Investment Opportunities in Data Centers
- Portfolio Risk Assessment: The current portfolio has approximately 47% exposure to AI and data centers, which, while considered risky in a diversified strategy, reflects a strong confidence in the explosive growth of data centers.
- Semiconductor Stock Recommendations: With a forward P/E ratio of about 10, Micron still has room to rise, and AMD, Marvell, and Intel are also recommended due to their strong performance in CPUs and GPUs, potentially driving investment returns further.
- Storage and AI Hardware Investments: In the storage sector, Sandisk, Seagate, and Western Digital remain noteworthy stocks, while Dell's competitiveness in the AI hardware market makes it an attractive investment choice, expected to continue its growth trajectory.
- Investment Strategy and Discipline: Despite the confidence in data center investment opportunities, Jim Cramer emphasizes maintaining responsible diversification in managing the charitable trust to avoid over-concentration in any single stock, thereby mitigating potential risks.
See More
Travel Stocks Surge as Oil Prices Retreat
- Airline Stocks Rise: Shares of airlines surged as oil prices fell nearly 4%, with United Airlines gaining 7% and Delta Air Lines up 4%, indicating potential profitability improvements for airlines amid reduced cost pressures.
- Telecom Infrastructure Surge: Dycom Industries saw a stock increase of about 30% after raising its full-year outlook, projecting contract revenue between $7.38 billion and $7.65 billion, and enhancing its data center capabilities through the acquisition of National Technology Integrators.
- Cloud Security Decline: Zscaler's shares tumbled over 30% after guiding for current-quarter revenue below analyst expectations, despite beating third-quarter adjusted earnings forecasts, reflecting market concerns about its future growth trajectory.
- Retail Stock Gains: Bath & Body Works shares rose 12% after forecasting second-quarter earnings per share between 20 to 25 cents, exceeding analyst expectations, which indicates strong consumer demand and improved profitability for the company.
See More
Wall Street Rises with Strong Tech Stock Performance
- Strong Market Rally: Futures indicate an up day for Wall Street as the S&P 500 and Nasdaq hit record highs, driven by AI-related stocks like Micron, which surged 19% and surpassed a $1 trillion market cap, reflecting robust demand for AI chips.
- Micron's Continued Ascent: Micron's stock rose another 7% in premarket trading, achieving a remarkable increase from $500 billion to $1 trillion in just 48 days, the fastest on record, highlighting the ongoing shortage and insatiable demand for memory chips, suggesting significant future growth potential.
- SK Hynix Joins the $1 Trillion Club: South Korean memory giant SK Hynix also crossed the $1 trillion market cap threshold in today's trading, underscoring the strong growth in the global memory market and the increasing demand driven by the AI era.
- Upgrades for FedEx and Danaher: JPMorgan upgraded FedEx from hold to buy with a price target raised to $460, citing attractive risk/reward ahead of its freight unit separation; meanwhile, Citi reinstated Danaher with a buy rating and a $230 price target, reflecting optimism in the bioprocessing sector.
See More
Barclays Upgrades Sandisk to Overweight with $2,300 Price Target
- Market Appeal Boost: Barclays analyst Tom O'Malley highlighted that the memory/storage sector is the most attractive vertical outside of accelerators, with supply-demand imbalances expected to persist through 2027, contributing to nearly a 3% rise in Sandisk's stock.
- Contract Innovation Advantage: Sandisk has excelled in contract management, utilizing new business models (NBMs) that provide the company with 'demand certainty' and ensure customers receive stable supply, thereby enhancing its competitive position in the market.
- Revenue Assurance: The three contracts signed recently are projected to generate a minimum of around $42 billion in revenue for Sandisk, with over $11 billion in financial guarantees, some of which are in prepayments, showcasing the company's strong financial stability.
- Optimistic Market Outlook: O'Malley emphasized that this type of contract provides customers with supply visibility while guaranteeing revenue for Sandisk, fundamentally changing the decision-making process in the memory industry and enhancing market security.
See More
Sandisk Reports Strong Growth Amid AI Boom
- Significant Revenue Growth: Sandisk reported $5.95 billion in revenue for Q3 FY2026, marking a 97% sequential increase and a 251% year-over-year growth, with guidance suggesting a midpoint of $8 billion for Q4, indicating a 34.5% sequential growth.
- Sustained Market Demand: Despite the cyclical nature of the memory chip industry, CEO David Goeckeler indicated that the NAND flash memory market will remain undersupplied at least through 2027, providing strong support for the company's growth in the coming years.
- AI Industry Driving Growth: With Grand View Research projecting a 30.6% CAGR for the AI sector, Sandisk is poised to benefit from robust demand from tech giants like Amazon and Meta, who are investing heavily in memory chips to maintain a competitive edge.
- Investor Confidence Boosted: Sandisk's stock has surged nearly 4000% over the past year, reflecting strong market confidence in its growth potential, although investors should remain cautious of cyclical risks, the current demand trends present a favorable outlook for the company.
See More
Micron Technology Surpasses $1 Trillion Market Cap
- Market Cap Surge: Micron Technology's market capitalization unexpectedly surpassed $1 trillion on Tuesday, marking a tenfold increase from nearly $100 billion a year ago, underscoring its strong performance in the AI-driven memory chip market and solidifying its market leadership.
- Flash Business Growth: Sandisk's revenue tripled year-over-year to nearly $6 billion in Q3 2025, with non-GAAP gross margin soaring from 22.7% to 78.4%, highlighting its significant profitability improvement in the rapidly growing NAND flash market.
- Hard Drive Performance: Western Digital reported a 45% year-over-year revenue increase to approximately $3.3 billion in Q3, with its cloud segment now accounting for nearly 90% of sales, and adjusted earnings nearly doubling, indicating strong demand in the high-capacity storage market.
- Future Outlook: Sandisk anticipates Q4 revenue between $7.75 billion and $8.25 billion, while Western Digital has sold out its 2026 high-capacity drive production, reflecting sustained growth in storage demand driven by AI, despite ongoing cyclical risks.
See More
Analysis of Investment Opportunities in Data Centers
- Portfolio Risk Assessment: The current portfolio has approximately 47% exposure to AI and data centers, which, while considered risky in a diversified strategy, reflects a strong confidence in the explosive growth of data centers.
- Semiconductor Stock Recommendations: With a forward P/E ratio of about 10, Micron still has room to rise, and AMD, Marvell, and Intel are also recommended due to their strong performance in CPUs and GPUs, potentially driving investment returns further.
- Storage and AI Hardware Investments: In the storage sector, Sandisk, Seagate, and Western Digital remain noteworthy stocks, while Dell's competitiveness in the AI hardware market makes it an attractive investment choice, expected to continue its growth trajectory.
- Investment Strategy and Discipline: Despite the confidence in data center investment opportunities, Jim Cramer emphasizes maintaining responsible diversification in managing the charitable trust to avoid over-concentration in any single stock, thereby mitigating potential risks.
See More
Travel Stocks Surge as Oil Prices Retreat
- Airline Stocks Rise: Shares of airlines surged as oil prices fell nearly 4%, with United Airlines gaining 7% and Delta Air Lines up 4%, indicating potential profitability improvements for airlines amid reduced cost pressures.
- Telecom Infrastructure Surge: Dycom Industries saw a stock increase of about 30% after raising its full-year outlook, projecting contract revenue between $7.38 billion and $7.65 billion, and enhancing its data center capabilities through the acquisition of National Technology Integrators.
- Cloud Security Decline: Zscaler's shares tumbled over 30% after guiding for current-quarter revenue below analyst expectations, despite beating third-quarter adjusted earnings forecasts, reflecting market concerns about its future growth trajectory.
- Retail Stock Gains: Bath & Body Works shares rose 12% after forecasting second-quarter earnings per share between 20 to 25 cents, exceeding analyst expectations, which indicates strong consumer demand and improved profitability for the company.
See More
Wall Street Rises with Strong Tech Stock Performance
- Strong Market Rally: Futures indicate an up day for Wall Street as the S&P 500 and Nasdaq hit record highs, driven by AI-related stocks like Micron, which surged 19% and surpassed a $1 trillion market cap, reflecting robust demand for AI chips.
- Micron's Continued Ascent: Micron's stock rose another 7% in premarket trading, achieving a remarkable increase from $500 billion to $1 trillion in just 48 days, the fastest on record, highlighting the ongoing shortage and insatiable demand for memory chips, suggesting significant future growth potential.
- SK Hynix Joins the $1 Trillion Club: South Korean memory giant SK Hynix also crossed the $1 trillion market cap threshold in today's trading, underscoring the strong growth in the global memory market and the increasing demand driven by the AI era.
- Upgrades for FedEx and Danaher: JPMorgan upgraded FedEx from hold to buy with a price target raised to $460, citing attractive risk/reward ahead of its freight unit separation; meanwhile, Citi reinstated Danaher with a buy rating and a $230 price target, reflecting optimism in the bioprocessing sector.
See More
Barclays Upgrades Sandisk to Overweight with $2,300 Price Target
- Market Appeal Boost: Barclays analyst Tom O'Malley highlighted that the memory/storage sector is the most attractive vertical outside of accelerators, with supply-demand imbalances expected to persist through 2027, contributing to nearly a 3% rise in Sandisk's stock.
- Contract Innovation Advantage: Sandisk has excelled in contract management, utilizing new business models (NBMs) that provide the company with 'demand certainty' and ensure customers receive stable supply, thereby enhancing its competitive position in the market.
- Revenue Assurance: The three contracts signed recently are projected to generate a minimum of around $42 billion in revenue for Sandisk, with over $11 billion in financial guarantees, some of which are in prepayments, showcasing the company's strong financial stability.
- Optimistic Market Outlook: O'Malley emphasized that this type of contract provides customers with supply visibility while guaranteeing revenue for Sandisk, fundamentally changing the decision-making process in the memory industry and enhancing market security.
See More
