tech
What Sandisk's play on surging memory prices means for our tech stocks
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- The S&P 500 is nearing a record close, with strong performance in AI and data center stocks.
- Arm, Broadcom, and Alphabet saw significant gains in April due to AI buildout.
- Rising memory prices are impacting tech giants, leading to increased capital expenditure guidance.
- SanDisk has signed multi-year supply agreements valued over $11 billion to manage demand and price fluctuations.
- These agreements provide customers with supply security but carry financial risk if demand wanes.
- Upcoming earnings reports from Eaton, Arm Holdings, and Corning are highly anticipated.
- The April jobs report is a key indicator for labor market strength and potential Federal Reserve actions.