Yahoo Finance
Wall Street delivered a sharp split on September 4.
The S&P 500 fell 0.4% after a stronger-than-expected jobs report lifted rate concerns, but Sandisk jumped 11.9% and Micron gained 6.1%.
The divergence matters because it was not a broad risk-on move.
The pattern was consistent with investors rotating toward memory and storage suppliers that help keep AI systems fed with data.
That put Sandisk Corporation (NASDAQ:SNDK) and Micron Technology, Inc.
Sandisk offers the purer NAND and flash-storage argument.
Its August results established data center as a key growth pillar, and management said it had signed five more new-business-model agreements since April.
The bull case is that AI expands high-value enterprise storage demand while tighter supply supports pricing.
The bear case is cyclicality: customer agreements cannot eliminate inventory swings, pricing reversals, or the execution risk that comes with a newly independent public company.
Professional ownership broadened before Friday's rally.
Insider Monkey counted 128 hedge funds holding Sandisk Corporation (NASDAQ:SNDK) at June 30, up from 114 at March 31.
Leopold Aschenbrenner's Situational Awareness LP disclosed 2,495,344 shares, about 119% more than the 1,140,119 shares reported in Q1.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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