Sandisk reports Q1 revenue up 378% YoY to $11B, vs. $10.7B est., forecasts Q2 revenue above est., announces an 8-for-1 stock split; SNDK drops 4%+ after hours (MarketWatch)

More in Finance

• Indian stocks see weakest market breadth in seven months as oil prices, bond yields weigh

  Escalating West Asia tensions, high energy costs, and elevated global borrowing rates are driving severe selling pressure across smaller domestic equities. Even with frontline indices managing minor monthly gains, foreign capital outflows totaling roughly $31 billion this year continue to drain liquidity from the broader exchanges. Analysts caution that resilient headline numbers are masking deep underlying fragility across mid- and small-cap segments.

  3 min read
• JPMorgan Asset Sees Yuan Gaining 10% as Global Push Deepens

  Resilient exports and ongoing policy support have already pushed the offshore currency up nearly 5% against the greenback to its highest level since 2022. Analysts expect steady global expansion efforts to fuel substantial long-term real effective exchange-rate appreciation. This sustained momentum provides international investors with valuable portfolio diversification and enhanced total returns, even amid low domestic yields.

  2 min read
• Amazon’s bold cloud forecast isn’t enough to stave off a stock drop

  Disappointing third-quarter performance across multiple key divisions prompted a sharp pullback by investors on Wall Street. Despite management offering an ambitious projection for cloud operations, modest actual results failed to counter broader weaknesses across the business. Sluggish expansion in alternative revenue streams further deepened market concern, weighing down the retail giant's equity valuation.

  1 min read