Financial News

CNBC's Julia Boorstin reports on the 2026 CNBC Disruptor 50 list as companies eye the IPO market.

U.S. stocks slip Tuesday as the 30-year yield surged to an 19-year high near 5.2% and chipmakers tumbled, while oil held above $103 on the Iran impasse.

Investing.com -- Citi Research has sharply increased its target price for Sandisk Corp, citing surging demand for NAND flash memory fueled by the rapid expansion of artificial intelligence infrastructure and data center spending.

Chip stocks are tanking as Treasury yields rise amid inflation.

SNDK's AI-driven storage growth, $42B in supply deals and soaring margins position it ahead of TTMI in the AI infrastructure race.

Futures fell as AI leaders Micron, Sandisk and more keep sliding. Home Depot beat views while Google I/O kicks off.

Here are the companies making headlines in midday trading.

Discover the top S&P500 movers in Tuesday's pre-market session and stay informed about market dynamics.

Western Digital is embedding post-quantum cryptography into Ultrastar drives as hyperscalers qualify quantum-ready storage security.

Micron, SanDisk and chip stocks slid Tuesday as 30-year Treasury yields topped 5.18%, the highest since July 2007.

SanDisk (SNDK) stock dips slightly on broader tech capacity fears. See why Citi targets a $2,025 as AI demand drives a 186% flash memory price explosion in 2026.

Citi reiterates a Buy rating on the flash memory supplier and boosts its price target to $2,025 from $1,300.

GraniteShares' autocallable DRAM ETF plan follows a wave of leveraged DRAM-linked ETFs amid a strong rally in memory chips and tight supply conditions.

Seagate Technology is trading lower Tuesday after the CEO raised capacity concerns on meeting AI-driven memory demand, pressuring peers.

Citigroup analyst Asiya Merchant maintains SanDisk (NASDAQ:SNDK) with a Buy and raises the price target from $1300 to $2025.

June S&P 500 E-Mini futures (ESM26) are down -0.38%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.65% this morning, pressured by a retreat in technology stocks, while investors await signs of progress toward a peace deal in the Middle East.

Home Depot rose 1.2% after the home-improvement retailer posted first-quarter earnings that beat analysts’ estimates and revenue rose 4.8% to $41.8 billion, with comparable sales up 0.6%. ServiceNow gained 4% and was set to build on its 9% jump in the previous session after Bank of America reinstated coverage of the software company with a Buy rating and a $130 price target. Agilysys jumped more than 15% after the hospitality software provider beat earnings and revenue estimates in its fiscal fourth quarter.

AI-driven capex is driving a semiconductor rally—dot-com parallels, bull/bear signals, and AI primer.

Duquesne's billionaire boss jettisoned the hottest member of the "Magnificent Seven" in favor of an unstoppable trio profiting from the insatiable demand for AI hardware.

Here are five key things investors need to know to start the trading day.

They're not talking about the future anymore. NextEra Energy bid $67 billion for a utility company on Monday because America needs electricity and it needs it right now.

Seagate Technology CEO, Dave Mosley warns AI-driven memory demand is outpacing production capacity growth.

Micron, Seagate, and Western Digital drop premarket. AI supply chain worries and capacity fears trigger a memory chip stock selloff.

Ben Reitzes raised price targets on Micron, SanDisk and Intel, arguing that long-term supply agreements tied to AI infrastructure demand are making earnings more predictable for semiconductor companies.

Hyperscaler capex is now large enough to turn component shortages into pricing power, which explains the surge in memory names such as Micron and SK Hynix. Read more here.

Cameron Dawson, chief investment officer at NewEdge Wealth, dropped a statistic on Thoughtful Money with Adam Taggart that should reframe how investors think about diversification in 2026. “10 years ago, the semiconductor index or weight in the S&P 500 was 2%. Today it’s 18%,” she said, adding that “that 18% is more than double what ... Semiconductor Exposure in S&P 500 Hits 18%. That’s More Than Double the Tech Bubble Peak.

President Trump said he delayed a planned attack on Iran, but Sandisk, Bloom Energy and other AI leaders still tumbled.

By IPO Edge Editorial Staff For most of the last year, the bear case on Apple (AAPL) wrote itself. Tariffs would gut margins. China was a lost cause. The AI story had […]

Sandisk went public a little over a year ago, and it's now worth more than the company it spun off from.

Traders are trimming riskier assets as Middle East tensions, rising yields, and inflation concerns cool tech enthusiasm, today, May 18, 2026.