Xiao K Morning Brief | SanDisk Issues Robust Long-Term Guidance; DeepSeek Unveils Developer Preview of Harness

① Investors anticipate that Anthropic will list on the stock exchange in October; ② Reports indicate that AMD plans to raise up to $5 billion through bond issuance; ③ SMIC's third-quarter revenue is projected to increase by 2% to 4% quarter-on-quarter, with a gross margin guidance of 26%-28%; ④ Zhongji Innolight intends to acquire a 10.47% stake in Jones Tech for RMB 1.747 billion.

cls.cn08:28

Top 20 by Trading Volume | SanDisk issues major financial guidance, stock surges 13%, SK Hynix rises 7%; Google launches Gemini 3.7 Flash; Cisco drops over 8% after earnings

Top US Stock by Trading Volume on Thursday: Closed up 4.23% with trading volume of $34.63 billion. Second Place: Closed up 13.67% with trading volume of $32.693 billion. On Thursday, the 23rd (US Eastern Time), SanDisk unveiled its long-term financial model at its 2026 Investor Day, outlining a series of financial targets to be achieved from fiscal year 2028 to fiscal year 2030. These include maintaining mid-to-high double-digit revenue growth during this period. SanDisk also addressed market concerns regarding bit growth, stating that salable bit capacity will be adjusted based on profitability optimization needs. The company further committed to returning 100% of remaining cash to shareholders after completing business investments.

Futu News06:54

US Stock Market Close | Easing PPI data alleviates rate-hike pressure; three major indices rise, with the S&P 500 closing at a record high. Workday surges 18%, lifting software stocks collectively, as the IGV ETF gains over 3%. Chinese ADRs decline: JD.co

The three major U.S. stock indices closed higher across the board, with the Dow Jones Industrial Average rising 0.13%, the S&P 500 gaining 0.65%, and the Nasdaq Composite advancing 0.81%. Salesforce surged more than 4% and Merck rose 2%, leading gains in the Dow. The Wind U.S. Mag 7 Index climbed 0.82%, with Tesla up over 3.5% and Facebook (Meta) rising more than 2.5%. SpaceX fell more than 3%. The Nasdaq Golden Dragon China Index dropped 1.84%, with JD.com declining over 7% and PDD Holdings falling more than 5%.

wallstreetcn06:52

QUICK SPARK: Dell, JPMorgan, Merck All Mark New All-Time Highs

Dell Technologies (NYSE:DELL), JPMorgan Chase & Co. (NYSE:JPM) and Merck & Co. (NYSE:MRK) all touched fresh all-time highs on Thursday — with Dell hitting $514, JPMorgan reaching $366.50 and Merck

Benzinga05:19

QUICK SPARK: Semiconductor Traders Get New 2X ETFs on Everspin, SiTime and UMC

Tradr ETFs expanded its leveraged semiconductor lineup with three new 2X single-stock ETFs targeting Everspin Technologies Inc (NASDAQ:MRAM), SiTime Corp (NASDAQ:SITM) and United Microelectronics

Benzinga04:31

QUICK SPARK: Trump's Tariff Refunds Are Massive — And Hitting Balance Sheets

Major U.S. companies are seeing tariff refunds roll in, and the payouts are delivering a meaningful boost to reported earnings.According to the Wall Street Journal, Apple (NASDAQ:AAPL) alone

Benzinga04:17