Sudden surge of over 17%! Trillion-dollar giant Sandisk receives positive news
- Sudden Surge of Over 17%! Trillion-dollar Giant SanDisk Brings Unexpected Positive News Last night and this morning, all three major U.S. stock indices showed strength, with storage giant SanDisk's stock price soaring over 17% during trading, leading to a collective rally among U.S. storage sector stocks. According to reports, at its Investor Day event, SanDisk stated that it expects its revenue to maintain mid-to-high double-digit growth from fiscal 2028 to fiscal 2030. SanDisk also committed to returning 100% of remaining cash to shareholders after completing business investments.
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Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
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