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Equities

Social Buzz: Wallstreetbets Stocks Mostly Advancing Premarket Monday; Micron Technology, SpaceX to Open Higher

The most-talked-about stocks in the Reddit subforum Wallstreetbets were mostly higher hours before Monday's opening bell.Micron Technology (MU) rose by 7.5% premarket, reversing a 1.4% decline from the previous session.Space Exploration Technologies (SPCX) advanced by 5.6% pre-bell, after a 19.2% rise from Friday's session. Space Exploration Technologies, known as SpaceX, debuted on Nasdaq Friday.Sandisk (SNDK) was 5.5% higher in premarket activity, after a 5.2% rise from the previous session.AST SpaceMobile (ASTS) rose by 4.7% pre-bell, swinging from a 15.5% fall at Friday's close.Rocket Lab (RKLB) advanced by 4.2% premarket, after closing Friday with a 10.8% decline.Nvidia (NVDA) was 2.1% higher in pre-bell activity, after a -/2% increase from the previous session.Microsoft (MSFT) was up 1.8% hours before market open, following a 0.1% increase at Friday's close.Bucking the trend, DTE Energy (DTE) was 0.1% lower pre-bell, swinging from a 1.1% increase at Friday's close.

$ASTS$DTE$MSFT$MU$NVDA$RKLB$SNDK$SPCX
Equities

Social Buzz: Wallstreetbets Stocks Mixed Premarket Friday; AST SpaceMobile to Advance, Adobe to Decline

The most-talked-about stocks in the Reddit subforum Wallstreetbets were mixed hours before Friday's opening bell.AST SpaceMobile (ASTS) rose by 3.9% premarket, after an 11.7% rise from the previous session.Microsoft (MSFT) was up 0.6% hours before market open, swinging from a 1.8% decline at Thursday's close.Nvidia (NVDA) was 0.5% higher in pre-bell activity, after a 2.2% increase from Thursday's session.Sandisk (SNDK) advanced by 0.4% pre-bell, after a 14.5% rise at Thursday's close.Tesla (TSLA) was up 0.3% premarket, following a 4.6% increase at Thursday's close.DTE Energy (DTE) was marginally higher in premarket hours, following a 0.2% decline from Thursday's session.Adobe (ADBE) was 6.5% lower premarket, following a 6.3% fall from the previous session.Micron Technology (MU) declined by 1.3% premarket, after closing Thursday with an 11.7% increase.

$ADBE$ASTS$DTE$MSFT$MU$NVDA$SNDK$TSLA
Wire

BofA Securities Adjusts Sandisk Price Target to $2,100 From $1,550, Maintains Buy Rating

Sandisk Corporation (SNDK) has an average rating of overweight and mean price target of $1,863.13, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $1625.00, Change: $+65.68, Percent Change: +4.21%

$SNDK
Japan

US Equity Markets Lower After Middle East Situation Worsens

US equity indexes were lower on Wednesday after the situation in the Middle East worsened following attacks by the US and Iran and reports of no substantive progress in peace talks.* The US and Iran exchanged heavy fire on Tuesday evening after the US struck an empty oil tanker it said was attempting to breach its blockade, according to The Wall Street Journal. That set off a string of attacks by both sides, with Iran striking US bases in Kuwait and Bahrain, the WSJ reported.* No progress has been made in peace negotiations, Al Jazeera cited Iran's Foreign Minister Abbas Araghchi as saying, referring to the talks between Tehran and Washington.* ADP's monthly measure of private payrolls showed a 122,000 increase in May from a revised 105,000 expansion in the previous month, above expectations for an increase of 120,000 in a Bloomberg-compiled survey.* The Institute for Supply Management's US services index rose to 54.5 in May from 53.6 in April, compared with expectations for 53.8 in a survey compiled by Bloomberg.* July West Texas Intermediate crude oil rose $2.52 to settle at $96.32 per barrel, while August Brent crude, the global benchmark, was last seen up $2.03 at $98.03.* Sandisk (SNDK) shares were up about 6.7%, the top gainer on the Nasdaq, after Morgan Stanley raised its price target to $1,750 from $1,100 while keeping an outperform rating for the company.* Global Payments (GPN) shares were down nearly 8.3%, among the steepest decliners on the S&P 500, after Susquehanna adjusted its price target to $111 from $119 while maintaining its positive rating.

Dow JonesNasdaq CompositeS&P 500$GPN$SNDK
Wire

Micron, SanDisk Seen Benefiting From Extended Memory Supply Tightness, Morgan Stanley Says

Micron Technology (MU) and SanDisk (SNDK) are expected to benefit from sustained tight conditions in the global memory market, driven by ongoing supply constraints and strong AI infrastructure demand, Morgan Stanley said in a Wednesday note.According to the note, DRAM remains the main bottleneck in AI computing demand, while NAND supply is also tight, with limited capacity expansion and long production lead times keeping supply growth below demand.Morgan Stanley raised earnings estimates for Micron and SanDisk, citing stronger pricing and sustained hyperscaler demand, which are improving free cash flow and earnings visibility across the memory cycle.Looking ahead, the analyst expects continued upward revisions to earnings as supply-demand imbalances persist, while noting that AI-driven workloads are extending the duration of the current upcycle in memory markets, the note said.Morgan Stanley maintained its overweight rating for both stocks. It raised its price target to $1,050 from $520 for Micron, and to $1,750 from $1,100 for SanDisk.Price: $1067.03, Change: $+2.93, Percent Change: +0.28%

$MU$SNDK
Research

Barclays Upgrades Sandisk to Overweight From Equalweight, Adjusts PT to $2,300 From $1,200

Sandisk (SNDK) has an average rating of overweight and mean price target of $1,683.78, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$SNDK
Sectors

Sector Update: Tech Stocks Fall Premarket Friday

Technology stocks were falling premarket Friday, with the State Street Technology Select Sector SPDR Fund (XLK) down 2.2% and the State Street SPDR S&P Semiconductor ETF (XSD) 4.1% lower.Taiwan Semiconductor Manufacturing (TSM) plans to sell a significant stake, comprising 152 million shares or around an 8.1% interest, in Vanguard International Semiconductor, the company said. Shares of Taiwan Semiconductor Manufacturing were down more than 2% pre-bell.Sandisk (SNDK) is advising shareholders to reject an unsolicited mini-tender offer from Tutanota to purchase up to 100,000 shares of the company's common stock at $1,150 per share, the company said. Sandisk stock was down more than 2% premarket.POET Technologies (POET) shares were down more than 14% after the company reported that it swung to a Q1 loss.

$POET$SNDK$TSM$XLK$XSD
Insider Trading

Sandisk Insider Sold Shares Worth $3,488,436, According to a Recent SEC Filing

Michael Pokorny, Vice President, Chief Accounting Officer, on May 12, 2026, sold 2,446 shares in Sandisk (SNDK) for $3,488,436. Following the Form 4 filing with the SEC, Pokorny has control over a total of 22,375 common shares of the company, with 22,375 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/2023554/000136324926000032/xslF345X05/edgardoc.xml

$SNDK
Insider Trading

Sandisk Insider Sold Shares Worth $870,301, According to a Recent SEC Filing

Necip Sayiner, Director, on May 08, 2026, sold 579 shares in Sandisk (SNDK) for $870,301. Following the Form 4 filing with the SEC, Sayiner has control over a total of 2,900 common shares of the company, with 2,900 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/2023554/000136324926000028/xslF345X05/edgardoc.xml

$SNDK
Wire

Western Digital Enters Equity-for-Equity Exchange Agreements

Western Digital (WDC) said Wednesday it has signed exchange agreements with institutional investors under which it will receive nearly 1.9 million shares of its own stock in exchange for 653,203 shares of Sandisk (SNDK).The exchanges are expected to settle on Thursday, Western Digital said.Western Digital said that upon settlement, it will continue to own about 1.04 million shares of Sandisk, which it intends to dispose of in one or more exchanges for Western Digital debt held by creditors and/or in exchange for outstanding shares of Western Digital common stock and/or through distributions to shareholders as dividends.Western Digital shares were fractionally higher in early trading Wednesday, while Sandisk was down 0.5%.Price: $467.20, Change: $+1.94, Percent Change: +0.42%

$SNDK$WDC
Wire

Top Midday Stories: Apple Tops Fiscal Q2 EPS, Revenue Estimates, Raises Dividend; Pentagon Strikes Deals With 7 AI Companies

All three major US stock indexes were up in late-morning trading Friday, as The Street looks to close out a tumultuous week of trading on a high note.In company news, Apple (AAPL) reported fiscal Q2 earnings late Thursday of $2.01 per diluted share, up from $1.65 a year earlier and above the FactSet consensus of $1.95. Fiscal Q2 revenue was $111.18 billion, up from $95.36 billion a year ago and above the FactSet consensus of $109.46 billion. Apple's board raised its quarterly dividend by a cent to $0.27 per share, payable May 14 to stockholders of record as of May 11. The board also authorized an additional program to repurchase up to $100 billion of common shares. Apple shares were up 4.5% around midday.The US Department of Defense said Friday it has entered into agreements with seven of the largest artificial intelligence companies to deploy their AI capabilities on its classified networks. The Pentagon said it reached deals with Alphabet's (GOOG, GOOGL) Google, Nvidia (NVDA), Microsoft (MSFT), Amazon's (AMZN) Amazon Web Services, SpaceX, OpenAI and Reflection. Alphabet's Class C and Class A shares were down 0.1% and up 0.1%, respectively. Shares of Nvidia, Microsoft and Amazon were down 0.3%, up 1.7% and up 1.7%, respectively.Exxon Mobil (XOM) reported Q1 adjusted earnings Friday of $1.16 per diluted share, down from $1.76 a year earlier but above the FactSet consensus of $0.98. First-quarter revenue and other income was $85.14 billion, up from $83.13 billion a year ago and above the FactSet consensus estimate of $81.13 billion. Exxon Mobil shares were down 0.8%.Chevron (CVX) reported Q1 adjusted earnings Friday of $1.41 per diluted share, down from $2.18 a year earlier but above the FactSet consensus of $0.97. First-quarter revenue and other income was $48.61 billion, up from $47.61 billion a year ago but below the FactSet consensus of $51.86 billion. Chevron shares were down 1.2%.SanDisk (SNDK) reported fiscal Q3 adjusted earnings late Thursday of $23.41 per diluted share, up from a loss of $0.30 a year earlier and above the FactSet consensus of $14.62. Fiscal Q3 revenue was $5.95 billion, up from $1.70 billion a year ago and above the FactSet consensus of $4.72 billion. For fiscal Q4, the company said it expects adjusted EPS of $30 to $33 on revenue of $7.75 billion to $8.25 billion. Analysts polled by FactSet expect $23.38 and $6.62 billion, respectively. SanDisk shares were down 0.5%.Price: $284.89, Change: $+13.54, Percent Change: +4.99%

$AAPL$AMZN$CVX$GOOG$GOOGL$MSFT$NVDA$SNDK$XOM
Wire

BofA Securities Adjusts Sandisk Price Target to $1,550 From $1,080, Maintains Buy Rating

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $1127.73, Change: $+31.22, Percent Change: +2.85%

$SNDK
Wire

RBC Boosts Price Target on Sandisk to $1,000 From $650, Keeps Sector Perform Rating

Sandisk (SNDK) has an average rating of overweight and mean price target of $1,343.86 according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $1115.76, Change: $+19.25, Percent Change: +1.76%

$SNDK
Asia Markets

US Equity Futures Nudge Higher Pre-Bell After S&P 500, Nasdaq Reach New Closing Highs

US equity futures were higher pre-bell Friday after the S&P 500 and Nasdaq Composite reached new closing highs to close out April amid a continued impasse in the Middle East.Dow Jones Industrial Average futures were 0.4% higher, S&P 500 futures were up 0.3%, and Nasdaq futures were marginally higher.On Thursday, the S&P 500 rose 1% to close at 7,209.01, breaching the 7,200 mark for the first time, while Nasdaq increased 0.9% to close at 24,892.31, also a new closing record.US President Donald Trump has rejected Iran's latest offer, stating that the US naval blockade on the nation's ports will remain until the regime agrees to a deal that addresses US concerns about its nuclear program, according to an Axios report on Wednesday.Traders took note of the latest round of earnings, with energy majors Exxon Mobil (XOM) and Chevron (CVX) both reporting lower Q1 adjusted earnings but higher revenue.Oil prices were mixed, with front-month global benchmark North Sea Brent crude up 0.4% at $110.85 per barrel and US West Texas Intermediate crude 1.2% lower at $103.79 per barrel.The final Purchasing Managers' Manufacturing Index for April, due at 9:45 am ET, is seen coming in at 54.0, unchanged from its prior value, according to estimates compiled by Bloomberg.The April Institute for Supply Management's services index, due at 10 am ET, is projected at 53.2, versus 52.7 previously.In other world markets, Japan's Nikkei, Hong Kong's Hang Seng, China's Shanghai Composite, and Germany's DAX index were all closed due to public holidays. The UK's FTSE 100 was down 0.6% in Europe's early afternoon session.In equities, Roblox (RBLX) stock was down 24% after the company reported a wider Q1 loss and lower-than-expected revenue, as well as lowering its 2026 revenue outlook. Sandisk (SNDK) and Western Digital (WDC) shares dropped 4.6% and 8%, respectively, despite the companies posting fiscal Q3 earnings and revenue that surpassed analysts' consensus.On the winning side, Apple (AAPL) stock was up 3.6% after the company posted higher fiscal Q2 earnings and revenue that also beat analysts' estimates. Reddit (RDDT) shares were up 15% after the company reported higher Q1 earnings and revenue in addition to issuing better-than-expected Q2 revenue guidance.

Dow JonesNasdaq CompositeS&P 500$AAPL$CVX$RBLX$RDDT$SNDK$WDC$XOM
Wire

Sandisk Seen Benefiting From Better NAND Pricing Setup, Wedbush Says

Sandisk (SNDK) is expected to benefit from better than expected NAND conditions in fiscal Q3 and a stronger pricing setup heading into the next quarter, Wedbush Securities said in a Wednesday note.The firm said it is raising its estimates after conversations indicated Sandisk has been able to lift pricing faster than industry peers.Wedbush now models fiscal Q3 EPS of $14.66 on revenue of $4.74 billion.Sandisk's fiscal Q3 guide implied about 55% price increases and "with PX's lifting thought the quarter, we believe SNDK should handily exceed that initial outlook," Webush said.The company will publish its fiscal Q3 results on Thursday.Wedbush maintained its outperform rating on Sandisk and raised its price target to $1,200 from $740.Shares of Sandisk were 8.5% higher in Wednesday trading.Price: $1087.98, Change: $+85.62, Percent Change: +8.54%

$SNDK
Wire

Wedbush Raises Price Target on SanDisk to $1,200 From $740, Keeps Outperform Rating

SanDisk (SNDK) has an average rating of overweight and mean price target of $1,015.95 according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $1071.65, Change: $+69.30, Percent Change: +6.91%

$SNDK
Asia Markets

US Equity Indexes Mixed Ahead of Trump's Response to Iran's New Peace Proposal

US equity indexes were mixed on Monday, while crude oil futures rose with government bond yields, as investors awaited President Donald Trump's response to Iran's new peace proposal offering safe passage through the Strait of Hormuz.The Nasdaq Composite rose 0.2% to 24,887.10, and the S&P 500 edged up 0.1% to 7,173.91, each hitting an intraday record high ahead of big-tech quarterly results due mid-week. The Dow Jones Industrial Average fell 0.1% to 49,167.79.Iran has made a new offer to stop its attacks on ships in Hormuz in exchange for a full end to the war, including the US's lifting of its naval blockade of Iranian ports and the postponement of nuclear negotiations, The Wall Street Journal reported, citing officials familiar with the matter.Iranian Foreign Minister Abbas Araghchi presented the offer during his tour of the region and Pakistan over the weekend. Trump discussed the proposal with his national security team on Monday, White House press secretary Karoline Leavitt said. The president earlier said negotiations with Iran could happen over the phone instead of in person."We doubt that the US will go for this, since the US's economic blockade of Iran remains its key 'pressure tactic' in making Iran concede to the US's fundamental demands pertaining to Iran's power," Thierry Wizman, global foreign-exchange and rates strategist at Macquarie, said in a note.West Texas Intermediate crude oil futures rose 2.2% to $96.48, and Brent crude futures advanced 2.6% to $108.09.In precious metals, gold futures fell 1% to $4,695.1, and silver futures declined 1.4% to $75.36.Most US Treasury yields rose, with the 10-year up three basis points to 4.34%, and the two-year climbed 2.3 basis points to 3.8%.In company news, Shell (SHEL) agreed to acquire Canadian energy company ARC Resources in a cash-and-stock deal with an enterprise value of US$16.4 billion, as the oil and gas giant looks to increase its exposure to low-cost shale gas and liquids production in Canada's Montney basin.Domino's Pizza (DPZ) reported weaker-than-expected Q1 results, with the company's chief executive officer saying consumer uncertainty and inflation weighed on demand late in the quarter. Shares slumped 8.8%, the worst performer on the S&P 500.Sandisk (SNDK) is expected to post another "strong" quarter and full-year outlook, benefiting from pricing momentum for NAND memory systems, Morgan Stanley said in a note Monday. Shares of Sandisk were up 8.1%, the top gainer on the Nasdaq.In economic news, the Dallas Fed's monthly manufacturing index fell to minus 2.3 in April from minus 0.2 in March, compared with expectations for a 0.8 print. The index indicates faster contraction, in contrast with other regional manufacturing readings already released.

Dow JonesNasdaq CompositeS&P 500$DPZ$SHEL$SNDK
Japan

US Equity Markets Mixed as Nasdaq, S&P 500 Hit Record Highs Amid US-Iran Negotiation Deadlock

US equity indexes were mixed on Monday as the Nasdaq Composite and S&P 500 hit record highs amid deadlock in US-Iran peace negotiations.* Iran has offered a proposal to reopen the Strait of Hormuz and end the war, Axios reported, citing a US official and two people with knowledge of the matter.* The Dallas Fed's monthly manufacturing index fell to minus 2.3 in April from minus 0.2 in March, compared with expectations for a 0.8 print.* May West Texas Intermediate crude oil rose $2.11 to settle at $96.51 per barrel, while June Brent crude, the global benchmark, was last seen up $2.90 at $108.23.* Sandisk (SNDK) is expected to post another "strong" quarter and full-year outlook, benefiting from pricing momentum for NAND memory systems, Morgan Stanley said in a note Monday. Sandisk shares were up about 7.9%, the top gainer on the S&P 500 and Nasdaq.* Domino's Pizza (DPZ) shares were down nearly 9%, the worst performer on the S&P 500, after the company reported weaker-than-expected Q1 results.

Dow JonesNasdaq Composite$DPZ$SNDK$SPX
Asia Markets

US Equity Indexes Decline, Crude Oil Jump Amid Stalled Iran Peace Talks

US equity indexes declined in Monday's midday trading as deadlocked negotiations to find a lasting solution for the Iran war pushed crude oil futures higher.The Nasdaq Composite fell 0.2% to 24,785.2, with the Dow Jones Industrial Average lower by 0.1% to 49,172.3. The S&P 500 was little changed at 7,167.6. All sectors except communication services, financials, and utilities fell. Consumer staples and materials led the decliners.In the absence of any face-to-face discussions in Pakistan this weekend, Iran offered a proposal to reopen the Strait of Hormuz and end the war, Axios cited a US official and two people with knowledge of the matter in a news report. That proposal, however, includes postponing nuclear negotiations between the two countries, according to the Axios report.President Donald Trump plans to meet with top national security officials today, according to two sources, to discuss the new Iranian proposal that would reopen Hormuz, CNN reported.Iranian Foreign Minister Abbas Araghchi is in Russia ahead of a meeting with President Vladimir Putin, following meetings in Pakistan and Oman. Araghchi gave Pakistani officials a list of "red lines" to be conveyed to the US, including "nuclear issues and the Strait of Hormuz," according to CNN.West Texas Intermediate crude oil futures jumped 3.4% to $97.62, and Brent crude futures advanced 4.2% to $109.75."Oil continues to grind higher as the Strait of Hormuz remains effectively closed, extending disruptions across the Middle East that continue to tighten the availability of critical commodities - from crude, fuel and gas to metals, fertilizers and petrochemicals," Saxo Bank analysts said in a note."Brent crude trades at a three-week high as efforts to revive peace talks have stalled, with an Iranian proposal reportedly calling for nuclear negotiations to be postponed to a later stage," the analysts said.In precious metals, gold futures dropped 1.2% to $4,683.80, and silver futures declined 1.9% to $75.49, as higher crude oil prices raise inflation concerns.Most US Treasury yields rose, with the 10-year up three basis points to 4.34% and the two-year climbed 3.2 basis points to 3.81%.In company news, Shell (SHEL) agreed to acquire Canadian energy company ARC Resources in a cash-and-stock deal with an enterprise value of $16.4 billion, as the oil and gas giant looks to increase its exposure to low-cost shale gas and liquids production in Canada's Montney basin.Domino's Pizza (DPZ) reported weaker-than-expected Q1 results, with the company's chief executive officer saying consumer uncertainty and inflation weighed on demand late in the quarter. Shares slumped 10%, the worst performer on the S&P 500.Sandisk (SNDK) is expected to post another "strong" quarter and full-year outlook, benefiting from pricing momentum for NAND memory systems, Morgan Stanley said in a note Monday. Shares of Sandisk were up 7.5%, the top gainer on the Nasdaq.In economic news, the Dallas Fed's monthly manufacturing index fell to minus 2.3 in April from minus 0.2 in March, compared with expectations for a 0.8 print. The index indicates faster contraction, in contrast with other regional manufacturing readings already released.

Dow JonesNasdaq CompositeS&P 500$DPZ$SHEL$SNDK
Wire

Sandisk to Report Another 'Strong' Quarter on NAND Pricing Momentum, Morgan Stanley Says

Sandisk (SNDK) is expected to post another "strong" quarter and full-year outlook, benefiting from pricing momentum for NAND memory systems, Morgan Stanley said in a note Monday.The company is scheduled to report its fiscal Q3 financial results on April 30.Morgan Stanley said NAND pricing momentum remains robust heading into the current quarter and is unlikely to change anytime soon due to hyperscaler demand and increasingly short supply.While the company is expected to post very strong results, its stock is more driven by duration and may take longer to move higher after a 60% jump in the last month, the investment firm said.In terms of capital spending, the investment firm said it expects Sandisk to increase its annual gross capital expenditure by 40% to 50% in the next 12 months.Morgan Stanley retained an overweight rating on the stock and raised its price target to $1,100 from $690.Shares of Sandisk were up more than 5% in Monday trading.Price: $1044.27, Change: $+54.37, Percent Change: +5.49%

$SNDK

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