$SNDK Tonight AI giants earnings summary:
✅ The Federal Reserve kept interest rates unchanged, in line with market expectations.
✅ Microsoft’s earnings beat expectations: revenue came in above market estimates, and it continues to make substantial AI capital expenditures (CapEx), indicating that AI data center construction has not slowed down.
✅ Meta also beat expectations and provided a solid outlook. Its AI investment continues, with no signs of the kind of sharp capex cuts the market was concerned about.
So, the core logic behind AI infrastructure buildout has not changed for now.
Today, the storage sector (SanDisk, Micron, SK Hynix, etc.) is broadly down. I believe this is more driven by short-term market sentiment and valuation adjustments—not that AI demand suddenly disappeared.
Next, what truly deserves attention is SanDisk’s earnings report on August 5 (SNDK).
If SanDisk can demonstrate that:
* Enterprise SSD demand continues to grow;
* The NAND market continues to improve;
* Management provides positive guidance for the second half;
then the market will have an opportunity to re-rate SanDisk.
My view hasn’t changed: AI is still being built out, and storage remains an indispensable part of AI infrastructure. The biggest focus now is whether SanDisk’s earnings report on August 5 can deliver on market expectations.
✅ The Federal Reserve kept interest rates unchanged, in line with market expectations.
✅ Microsoft’s earnings beat expectations: revenue came in above market estimates, and it continues to make substantial AI capital expenditures (CapEx), indicating that AI data center construction has not slowed down.
✅ Meta also beat expectations and provided a solid outlook. Its AI investment continues, with no signs of the kind of sharp capex cuts the market was concerned about.
So, the core logic behind AI infrastructure buildout has not changed for now.
Today, the storage sector (SanDisk, Micron, SK Hynix, etc.) is broadly down. I believe this is more driven by short-term market sentiment and valuation adjustments—not that AI demand suddenly disappeared.
Next, what truly deserves attention is SanDisk’s earnings report on August 5 (SNDK).
If SanDisk can demonstrate that:
* Enterprise SSD demand continues to grow;
* The NAND market continues to improve;
* Management provides positive guidance for the second half;
then the market will have an opportunity to re-rate SanDisk.
My view hasn’t changed: AI is still being built out, and storage remains an indispensable part of AI infrastructure. The biggest focus now is whether SanDisk’s earnings report on August 5 can deliver on market expectations.