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Bank of America is telling clients the memory shortage is nowhere near over — and that Sandisk Corp. ( NASDAQ: SNDK ) is the cleanest way to own it. On Wednesday, bank analyst Wamsi Mohan reiterated a Buy rating on Sandisk and lifted his price objective from $2,100 to $2,500 a target that sits about 25% above where the
Oracle Corp. (NYSE: ORCL ) just gave back everything, and then some. The stock plunged about 35% in June, its worst month since September 1990, as investors began questioning the payoff from its massive AI buildout. The timing makes it sting more. That collapse landed the month right after May’s 39.9% surge — Oracle’s
June is on track to be silver’s worst month in nearly 15 years. The metal — tracked by the iShares Silver Trust (NYSE: SLV ) — tumbled more than 20% on the mont, its steepest monthly decline since September 2011, based on monthly price data. At around $60 an ounce, silver has roughly halved from its January high when i
For most of the artificial intelligence boom, one stock has stood in for the entire trade: Nvidia Corp (NASDAQ: NVDA ). The graphics-chip maker became the first company worth more than $4 trillion, and for nearly the whole of the past five years it sat at the top of any AI-era performance scorecard, including against i