$SanDisk Corp.(SNDK)$ SanDisk is moving up steady last week. It is due to the biggest AI hyperscalers - that is, large cloud-services and technology providers like Amazon.com (AMZN), Alphabet $(GOOGL)$ $(GOOG)$, Meta Platforms (META), Microsoft $(MSFT)$ and Oracle $(ORCL)$ - will spend $755 billion on capital expenditures this year, an 83% jump, Goldman Sachs analysts said in a note on Thursday. To help facilitate that, those companies cut buybacks by nearly two-thirds in the first quarter.
$SanDisk Corp.(SNDK)$ SanDisk is continuously moving up steady at the beginning of May 2026. On the news, SanDisk and Western Digital announced their latest financial reports yesterday. The SanDisk conference call disclosed that five multi-year supply agreements have been signed, with minimum contract revenue of about $42 billion and financial guarantees exceeding $11 billion, covering more than one-third of shipments in fiscal 2027. Therefore, the SanDisk share may extend to move up till 2027 or more longer time due to thankfully AI industry and major 4 big companies (Amason, Misrosoft, Google, Meta) have committed to increase the capital expenditure 700 billion soon.