Sandisk (SNDK) Joins Memory Sector Rebound as SK Hynix-Intel Ohio Talks Reshape Industry Landscape
Memory stocks rise Thursday as SK Hynix-Intel Ohio manufacturing talks shift the competitive picture: SNDK gained 6.21% while the S&P 500 added 1.13%.
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Thursday, September 17, 2026
Memory stocks rise Thursday as SK Hynix-Intel Ohio manufacturing talks shift the competitive picture: SNDK gained 6.21% while the S&P 500 added 1.13%.
Salesforce unveiled a $63B+ FY2030 revenue target and a $25B accelerated share repurchase at its Dreamforce Investor Day, with 190% of free cash flow returned in FY27.
Memory stocks rise Thursday as SK Hynix-Intel Ohio manufacturing talks shift the competitive picture: SNDK gained 6.21% while the S&P 500 added 1.13%.
Salesforce unveiled a $63B+ FY2030 revenue target and a $25B accelerated share repurchase at its Dreamforce Investor Day, with 190% of free cash flow returned in FY27.
Lennar posted GAAP EPS of $1.19 vs a $1.32 consensus, cut its 2026 delivery target by 2,000 homes, and gross margin fell 170 bps to 15.8%.
Heidi O'Neill took the helm at Lululemon on Sept. 8, replacing two interim co-CEOs and joining a board expanded from 11 to 12 directors.
Dell's subsidiaries completed a $5B public debt offering on Sept. 15, spanning four tranches from 2029 to 2037, adding to $35B in total existing debt.
CORZ secured conditional ERCOT power approvals covering up to 1,402 MW across Denton, Pecos, and Hunt, Texas, advancing its AI infrastructure buildout.
Joby filed a resale prospectus for 2,419,801 earn-out shares tied to EBITDA milestones from its Blade Air Mobility acquisition, adding supply-side context for investors.
SanDisk amended its JPMorgan-led loan agreement on Sept. 9, establishing a $1.5B revolving credit facility that refinances prior commitments in full.
Oklo signed a $1B at-the-market equity deal with Goldman Sachs, BofA, JPMorgan and seven other banks on Friday, September 11, 2026.
Kroger posted GAAP EPS of $1.05 and adjusted EPS of $1.09 for Q2, but trimmed its identical sales forecast to 0.2%-0.8% for the full year.
Nike shareholders voted to add 16 million shares to its Employee Stock Purchase Plan at the Sept. 8 annual meeting, alongside director elections and auditor ratification.
Dell is issuing $5B in senior notes across four tranches, using proceeds to retire its 4.90% First Lien Notes due 2026 and fund general corporate needs.
Copart's Q4 GAAP EPS fell 14.6% to $0.35, missing the $0.39 estimate, as G&A costs rose 16.6% and a $1.9B ACV acquisition was announced.
Oracle's Q1 adjusted EPS of $1.92 beat the $1.78 consensus by 7.87%, with cloud infrastructure revenue more than doubling and backlog reaching $664B.
Adobe beat Q3 estimates with $6.76B in revenue, but GAAP operating margin shrank 1.5pp as costs outpaced growth, and Q4 guidance fell short of expectations.
Adjusted EPS of $0.59 crushed the $0.29 consensus as funded backlog hit a record $1.5B, up 37% YoY. Full-year guidance was maintained.
Adobe's board unanimously selected Anil Chakravarthy as CEO effective December 1, 2026, ending Shantanu Narayen's decades-long run atop the software giant.
Strategy bought back 1.81M shares of its STRC preferred stock for $176.3M while holding its 845,050 BTC position unchanged for the week.
IPG Photonics just signed a €300M deal for Lumibird Medical, with up to €50M more tied to 2026-2027 performance, funded entirely from its $871M cash pile.
GME's Q2 collectibles sales jumped 57% YoY to $356M, driving a 141% surge in operating income despite an 18.7% revenue decline.
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