US Stock Market Move | The storage sector collectively rose, with SanDisk (SNDK.US) increasing by over 4%.
On Thursday, the storage sector surged collectively.
On Thursday, the storage sector collectively rose, with SanDisk (SNDK.US) and Western Digital Corporation (WDC.US) both up over 4%, SK Hynix (SKHY.US) up over 3%, Micron Technology, Inc. (MU.US) up over 2%, and Seagate Technology Holdings PLC (STX.US) up over 1%. In news, SanDisk held its Investor Day on August 13, Eastern Time, during which the CEO stated that the company is committed to achieving double-digit shipment growth in the mid-to-high range. Additionally, the market anticipates clear guidance from management regarding the sustainability of the approximately 80% gross margin on contracts and the long-term growth path for AI storage.
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SanDisk (SNDK.US) releases long-term guidance for Deluxe Corporation: revenue growth in the mid to high double digits, gross margin around 80%, and FCF profit margin around 50%.
A-share Evening Highlights | Performance Reveals Strong Signals: Semiconductor Manufacturing International Corporation and Other Chip Giants Report Positive News
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