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Results for "Sandisk"

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Memory-Holed? Western Digital Dumps $3 Billion Sandisk Stock Stake
Businessmarketwatchzerohedge1mo ago2 sources

Memory-Holed? Western Digital Dumps $3 Billion Sandisk Stock Stake

Memory-Holed? Western Digital Dumps $3 Billion Sandisk Stock Stake Almost exactly a year after the spinoff officially closed on Feb. 24 last year, Western Digital is seeking to raise $3.09 billion from the sale of its remaining equity stake in Sandisk. While WDC has risen dramatically, SNDK has been on quite a tear since the spin-off... Chief Financial Officer Kris Sennesael said on Western Digital’s quarterly earnings call Jan. 29. that the company planned to sell its remaining 7.5 million Sandisk shares before the one-year anniversary of the separation. And so, according to a statement Sandisk launched the sale on behalf of its former parent in a statement Tuesday that didn’t disclose how many shares it would sell. According to the statement, Western Digital is expected to exchange the SanDisk shares for debt held by affiliates of JPMorgan and Bank of America. For now, WDC is flat in the after-hours trade but SNDK is down around 8%, extending the losses during the day... Amid a global shortage of flash memory, that has sent DRAM prices soaring since September, demand for Sandisk’s products, which are used in computers and mobile phones, has, as Bloomberg reports, been linked to the tech industry’s characteristic boom and bust cycles, keeping valuations in check. The banks will sell the stock to the underwriters of the offering, whom they represent. Did WDC's decision just mark the top in the memory melt-up? Tyler Durden Tue, 02/17/2026 - 17:17

Stock Market Investment Strategies and Top Picks
FinanceReutersFTmarketwatch+3YahooTimes of Indiaadvisor-perspectives1mo ago6 sources

Stock Market Investment Strategies and Top Picks

Analysts and financial experts offer advice on navigating the stock market, including recommendations for dividend stocks, high-performing companies, and long-term investment opportunities.

SK hynix, Sandisk team up on next-gen HBF standards
TechnologyKorea Herald28d ago

SK hynix, Sandisk team up on next-gen HBF standards

SK hynix and Sandisk have agreed to jointly pursue global standardization of High Bandwidth Flash, a next-generation memory technology designed to improve artificial intelligence inference systems, the companies said Thursday. The two chipmakers launched the HBF Spec Standardization Consortium at Sandisk’s headquarters in California, announcing plans to form a dedicated workstream under the Open Compute Project, the world’s largest open data center technology initiative. The workstream will focu

Nebius shares pop on $27M AI infrastructure deal with Meta
Technologycnbcle-figaroYahoo+3channel-news-asiaseeking-alphanl-times9d ago6 sources

Nebius shares pop on $27M AI infrastructure deal with Meta

Meta Platforms' stock surged following reports of a significant $27 billion cloud-computing deal with Nebius, an AI infrastructure company. This deal has also led to rallies in other tech stocks like Lumentum, SanDisk, and IREN, as analysts discuss investment strategies.