Odaily News, according to MSX.COM data, SanDisk's stock price rose 15% to $1,543.997 per share, with total market capitalization reaching $225.4 billion. SanDisk targets mid-to-high double-digit revenue growth in fiscal years 2028 to 2030.

Additionally, Micron Technology rose 7%, SK Hynix rose 8.8%, Western Digital rose 10%, Seagate Technology rose 6%, and Kioxia ADR rose 7.6%.

Odaily News As falling oil prices reinforce optimism about the inflation outlook, bond traders have stopped fully pricing in a Fed rate hike this year. The U.S. Treasury market rally pushed yields down by as much as 9 basis points across maturities, with the 30-year yield falling 8 basis points ahead of Thursday's new issue sale of that tenor. The sale is expected to post the highest yield for a 30-year Treasury issuance since 2001. Benchmark oil prices fell more than 3% on Thursday, and oil has been the main driver of Treasury yields since the U.S. struck Iran at the end of February, triggering a supply shock, with traders parsing signals about the ongoing conflict.

The drop in oil prices has reinforced optimism that U.S. inflation has peaked. U.S. government data released on Thursday showed producer prices slowed in July, following a consumer price report the previous day that also detected slowing inflation for a second consecutive month. Rising short-term rate contracts pushed interest rates lower, indicating that traders are scaling back their bets on Fed rate hikes. (Jinshi)

Odaily News According to MSX.COM data, the S&P 500 index broke above 7,800 points for the first time, with intraday gains expanding to 0.66%. Super Micro Computer (SMCI.O) rose over 6%, while Western Digital (WDC.O) and Intel (INTC.O) each gained over 4%. Additionally, CEO compensation at S&P 500 companies hit an all-time high.

According to MSX.COM data, US storage sector gains continue to widen, with Micron Technology up 6.17%, SK Hynix up 7.50%, SanDisk up 10.82%, Western Digital up 8.75%, Seagate Technology up 5.00%, and Kioxia ADR up 4.86%.

Odaily News: According to MSX.COM data, SanDisk's stock price gains have further expanded, with the latest increase at 7%.

SanDisk, a storage chip manufacturer, said its Chief Financial Officer expects to receive total contract value of $93.9 billion from 8 customers during the contract period. The company projects Non-GAAP gross margin of approximately 80% for fiscal years 2028 to 2030, with non-GAAP operating margin expected to reach approximately 75%. Adjusted free cash flow margin is expected to remain at 50% from fiscal years 2028 to 2030. The company stated that after completing strategic investments and business development needs, it will return 100% of excess cash to shareholders.

SanDisk expects its profitability to further improve with the cyclical recovery of the storage industry and growing demand for high-performance computing (HPC) and AI infrastructure. The company aims to enhance shareholder value through high-margin business operations and capital return strategies. This capital allocation plan indicates that SanDisk will prioritize business expansion and strategic investments in the future, while returning remaining cash to investors through share buybacks, dividends, and other means.

Odaily Planet Daily News: Goldman Sachs analyst Robert Kaplan said the Fed's decision not to raise interest rates in July was "absolutely" correct, urging policymakers to keep an open mind ahead of September, citing the complex factors affecting inflation and warning that rigid forward guidance could be counterproductive. Kaplan noted: "If we see meaningful improvement, I might be willing to continue holding, but I want to make full use of every moment before September to assess the situation, avoiding rigidity or preconceived notions."

Kaplan believes the forces currently at play include: inflationary pressures from AI infrastructure build-out, tariffs, labor constraints, and surging oil prices; meanwhile, AI applications are working in the opposite direction, accelerating the trend of disinflation. He suggested that Warsh should use his speech at this month's Jackson Hole symposium to briefly explain the Fed's reasoning for holding steady in July, rather than delivering a purely "philosophical" address. Kaplan said he is more concerned about the long end of U.S. Treasury yields than the federal funds rate itself. He noted that the rebound in long-term government bond yields globally reflects structural supply-demand imbalances driven by persistent wide fiscal deficits, rather than Fed policy. (Jin Shi)

Odaily News, according to MSX.COM data, the Dow Jones Index rose 0.45% to 54,013.46 points; the S&P 500 Index rose 0.86% to 7,815.19 points, hitting a new record high; the Nasdaq Composite Index rose 1.01% to 26,855.91 points. The Philadelphia Semiconductor Index rose 2.04%, with the storage sector's gains expanding. Micron Technology rose 4.12%, SK Hynix rose 5.33%, SanDisk rose 5.01%, Western Digital rose 7.50%, Seagate Technology rose 2.97%, and Kioxia ADR rose 3.26%.

Odaily News According to MSX.COM data, US stocks fluctuated higher, with the Dow Jones Industrial Average up 0.45% to 54,013.46 points; the S&P 500 Index up 0.86% to 7,815.19 points; and the Nasdaq Composite Index up 1.01% to 26,855.91 points. SanDisk and SK Hynix both rose over 4%.

Odaily News: The market is no longer fully pricing in a Fed rate hike this year, as traders have stopped fully pricing in a scenario of Federal Reserve rate hikes for 2025.

Odaily News: According to MSX.COM data, the US storage sector opened higher and continued to climb, with Western Digital rising over 2.5%, SanDisk gaining more than 2%, SK Hynix up over 2%, and Micron Technology up 1.8%.

Odaily Planet Daily News Federal Reserve's Hammack said in his latest remarks that inflation needs to be brought down to 2% faster. He stated: "The two most recent inflation reports are encouraging, but I cannot be confident that inflation will continue to improve in this direction. Americans are facing real pressure from inflation. Beyond inflation, we also need to pay attention to private credit and whether there is a bubble in artificial intelligence. Employment data also contains noise. Currently, a significant amount of leverage is being used to purchase Treasury bonds, so Treasuries are one area I am monitoring for financial stability." (Jin Shi)

Odaily News: Federal Reserve official Hammack stated that Treasury bonds are an area of focus for him regarding financial stability, and he is also monitoring private credit, as well as whether there is a bubble in artificial intelligence.

Odaily News: Market pricing indicates an increased bet that the Federal Reserve will hold interest rates steady in September. The probability of the Fed maintaining rates in the 3.50%-3.75% range in September is approximately 65%, up from about 60% before the PPI report was released.

Odaily News: After hovering near historic lows, initial jobless claims in the US rose last week. Data released by the US Department of Labor on Thursday showed that initial claims for the week ending August 8 increased by 9,000 to 209,000, compared to a median economist estimate of 202,000. The rise in claims may reflect typical summer volatility—a period when seasonal employment patterns and holiday schedules often impact the data. Economists will wait for several more weeks of data before reassessing the stability of the recent labor market. (Jinshi)

Odaily News: U.S. July PPI year-on-year rate 4.7%, expected 4.9%, previous value 5.50%. U.S. July PPI month-on-month rate 0%, expected 0.20%, previous value revised from -0.30% to -0.1%. (Jin10)