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Latest Stock Market Updates

Sandisk Reports Massive Profit Jump and $42 Billion in AI Memory Contracts

Key Points: Sandisk announced $5.95 billion in quarterly revenue and a $6 billion stock buyback. The company locked in $42 billion in long-term contracts to prevent future price crashes. Artificial intelligence data centers sparked huge demand for the company's NAND storage chips. Sandisk expects next quarter sales to reach up to $8.25 billion, crushing Wall Street estimates. Memory chip maker Sandisk delivered a massive earnings...

Australian Stock Market Loses $106 Billion in Eight Days

Key Points: The ASX 200 dropped for eight consecutive days, erasing $106 billion from local investment portfolios. Markets expect a 77% chance of a Reserve Bank interest rate hike next week. Global oil prices spiked to a wartime high of US$126 per barrel amid tensions in the Middle East. Major banks and large retail companies, such as Woolworths, suffered significant stock price crashes. Australian share...

Tech Stocks Soar as Nasdaq Records Biggest Monthly Gain Since 2020

Key Points: The tech-heavy Nasdaq Composite jumped 15.29% in April, marking its best month since the start of the pandemic in April 2020. Alphabet shares climbed 34% for the month, scoring their best performance since the company went public in October 2004. Chipmaker Intel saw its stock double in value, recording the absolute strongest month in its 55-year corporate history. Strong earnings from Amazon, Microsoft,...