Bank of America has reaffirmed its "Buy" rating on SanDisk after the company's latest earnings, maintaining a $2,500 price target that implies roughly 85% upside from the reference price of $1,350.5. The bank says the market is underestimating SanDisk's long-term profitability as AI-driven demand for data storage grows. The price objective is based on 2027 expected EPS of $255, or about 10 times earnings. SanDisk, often treated as a cyclical stock, delivered fiscal Q4 revenue of $8.97 billion, up 51% sequentially and above its guidance of $7.75 billion to $8.25 billion. Gross margin jumped to 84.6% from 78.4% a quarter earlier, also exceeding the company's 79% to 81% outlook. BofA forecasts FY2027 EPS to surge 229% to $233.85, with revenue climbing 160% to $52.6 billion. The company guides next-quarter revenue of $10.3 billion to $10.8 billion and EPS of $44 to $46. The bank sees no clear sign that storage prices or margins have peaked, suggesting the current AI-fueled upcycle could persist.

Starlux Airlines has filed to carry out a cash capital increase of up to 300 million common shares, with the application submitted on July 31 and expected to take effect on Aug. 18. The company said the proceeds will be used mainly to repay bank borrowings and strengthen working capital. It is also planning to issue NT$2 billion in domestic unsecured convertible bonds to improve its financial structure. The filing outlined how the new shares would be allocated: 80% to existing shareholders in proportion to their holdings, 10% to employees, and the remaining 10% — 30 million shares, or 30,000 lots — for public underwriting. Based on the provisional filing price of NT$16.5 per share and a recent intraday market price of about NT$21.3, the article said the spread could approach 30%, a level that may draw attention from stock subscription participants. The financing plan comes as Starlux reported stronger operating results. First-half revenue reached NT$28.553 billion, up 30% from a year earlier and a record for the same period. In the first quarter alone, revenue was NT$13.76 billion, net profit after tax was NT$910 million, and EPS came in at NT$0.3. Passenger and cargo demand both contributed to the improvement.

Cloudflare (NYSE: NET) shares jumped 12.61% to $320.00 in early trading on Aug. 7, according to Bybit data, touching an all-time high of $322.49 intraday by 9:38 a.m. ET (21:38 Beijing time). The gains follow the company's second-quarter results released earlier, which showed revenue of $696.1 million, up 36% year over year. Non-GAAP operating profit came in at $96.1 million, while non-GAAP diluted earnings per share were $0.29. Current remaining performance obligations (RPO) rose 35% year over year. Management raised its full-year guidance alongside the report: FY2026 revenue is now expected at $2.864 billion to $2.870 billion, versus a prior range of $2.805 billion to $2.813 billion. Non-GAAP EPS guidance was lifted to $1.25 to $1.26, from $1.19 to $1.20.

Bitcoin is trading around $64,000 after about two months of rangebound action between $58,000 and $67,000. The report says BTC is approaching a macro downtrend line drawn from the $124,600 and $82,200 highs, while traders are watching liquidity clusters on both sides of the market. Killa says the market is at a key crossroads, with either a failed breakout or a confirmed bottom in play. Akash points to heavy short liquidity between $64,800 and $68,200 and dense long liquidity between $60,000 and $62,900, suggesting a sweep could come before any clearer trend. BIT says the main problem is the lack of clear incremental demand, and Friday’s U.S. nonfarm payrolls report may be the catalyst that sets direction. The piece also notes continued inflows into spot Bitcoin and Ether ETFs, Coinbase’s August 8 suspension of several tokens, cautious U.S. equity futures, pressure on crypto stocks, and a broader market backdrop shaped by AI-related volatility, oil gains, and Treasury yields.

JPMorgan said in an Aug. 6 research note that the data communications market is set to grow at a 28% compound annual rate over the next five years, topping $70 billion by 2030. It said 1.6T products will be the biggest growth driver, while pluggable optics will lead through 2028 before NPO and CPO take over the incremental growth afterward. The report also pointed to Google and Meta as key buyers, and said Nvidia may regain share in the near term even as its long-term market share declines.

SanDisk and Western Digital both posted blockbuster quarterly results, with revenue, profit and share buybacks all beating expectations. Even so, their stocks sold off sharply, dragging the storage chip group lower. The article argues that the market is no longer focused on whether earnings are growing, but on whether the growth rate and margin expansion are nearing a peak. It also points to three signals to watch next: slower memory price gains, lower gross margins and softer cloud-order demand. Using Nvidia’s post-boom trajectory as a reference, the piece says the sector is not yet at a point for aggressive bottom-fishing. Until the basic fundamentals show a clear turn, storage stocks may remain stuck in a wide trading range, with volatility driven by each earnings report and demand update.

WhiteLine Daily said Sandisk’s latest earnings report changed the way investors may need to approach storage trades over the next six months. The company posted fourth-quarter revenue of $8.965 billion, up 51% quarter over quarter, and adjusted EPS of $39.25, both above market expectations. It also guided next-quarter revenue to $10.3 billion to $10.8 billion, yet the stock fell nearly 8% after hours. The report argues that the issue was not weakening fundamentals, but expectations that had already run ahead of results after a strong move in the shares this year. The publication said investors should now look beyond spot NAND pricing and pay closer attention to long-term contract pricing, enterprise SSD demand, and equipment orders. SNDK has signed eight long-term agreements with six customers, with a combined minimum contract value of about $93.9 billion and a median term of four years. About half of output is expected to be covered by those agreements by fiscal 2027, rising to as much as two-thirds in fiscal 2028. WhiteLine Daily also pointed to Michael Burry’s latest portfolio update. Burry exited his Microsoft long, closed his Oracle short, kept part of his bearish positions in Palantir, NVIDIA, and semiconductors, and rolled some positions out to 2027. The report said that does not mean he has turned bullish. Its reading is that Burry is still skeptical of elevated valuations and the AI capex cycle, but is extending the timeline rather than changing the core view.

Circle’s latest earnings report did little to ease market concerns about the company’s business model, which remains heavily tied to interest income from USDC reserves. The company reported Q2 revenue of $701.3 million, up 7% year over year and 1% from the prior quarter, but slightly below the market’s $713 million expectation. Reserve income came in at $668 million, making up about 95% of total revenue, up from 94% in the previous quarter, while other revenue fell from $42 million to $34 million. Profit metrics were somewhat firmer, with EPS at $0.18 versus a $0.16 consensus and RLDC margin at 41.2%, roughly flat quarter over quarter. Earlier, on Aug. 3, Morgan Stanley cut its price target on Circle from $106 to $38 and downgraded the stock from Equal-weight to Underweight. During the earnings call, Circle’s CEO said the company had renewed its agreement with Coinbase on existing terms, keeping USDC at the center of Coinbase’s product suite. Still, the main question remains whether Circle can move from earning money when users hold USDC to earning money when USDC is actively used.