美股今晨收盘三大股指低收，闪迪涨超7%，博通跌近6%
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A well-known US stock market KOL stated that AVGO's revenue forecast falling short of expectations is not a systemic problem, but the market reaction still exposes the fragility of the AI supply chain.
According to BlockBeats, on June 4th, US stock market KOL Herman Jin (@ShanghaoJin) commented on the 13.78% after-hours drop in AVGO's stock price on social media, stating that this correction was a "temporary setback," as the market has extremely low tolerance for error, but the fundamentals of key suppliers remain positive, and it is not a systemic problem. However, he also cautioned against risks, noting that AVGO's sharp decline was simply due to "not exceeding expectations" (not raising its full-year AI chip guidance), which exposes the fragility of the entire AI supply chain—any slight shift in expectations can trigger significant volatility. Herman Jin is the former Executive Officer/Executive Director of Goldman Sachs Asia's FICC (Fixed Income, Currencies & Commodities) division, having worked at Goldman Sachs Hong Kong for over 18 years (since approximately 2008). BlockBeats previously reported that Broadcom's AI chip revenue forecast falling short of expectations led to a sharp drop in its stock price, dragging down US optical module and memory stocks, with many popular stocks declining in after-hours trading. In the storage sector, Micron Technology (MU) fell 2.55%, SanDisk (SNDK) fell 2.63%, Western Digital (WDC) fell 2.05%, and Seagate Technology (STX) fell 1.64%. Among optical module concept stocks, AAOI fell 4.28%; LITE fell 3.97%; COHR fell 4.65%; and NOK fell 4.87%.
U.S. chip stocks fell broadly in pre-market trading, with SanDisk (SNDK.O) down 6.3%.
According to data from Odaily Odaily, US chip stocks generally fell in pre-market trading. Arm (ARM.O) fell 3.8%, SanDisk (SNDK.O) fell 6.3%, and Qualcomm (QCOM.O) fell 2.2%. Nvidia (NVDA.O) fell 1.9%, Micron Technology (MU.O) fell 5%, AMD (AMD.O) fell 2.5%, and Intel (INTC.O) fell approximately 5%.
AI star stocks experienced a collective sharp correction, with a surge in margin calls on MU, Hynix, and SNDK.
According to BlockBeats, on July 2nd, AI star stocks experienced a collective sharp correction overnight and this morning due to news of Meta's business shift. Liquidation volume for related stock contracts on TradeFi surged. According to Coinglass data, in the past 12 hours, Micron stock contracts saw $6.07 million in long positions liquidated across the entire network; DRAM ETF long positions liquidated $5.67 million; SK Hynix saw over $7 million in liquidations across the network; SNDK saw over $3 million in liquidations; and the AI leveraged ETF SOXL saw $2.75 million in liquidations.
SanDisk's tokenized stock SNDK, listed on Solana, saw on-chain transaction volume surpass $70 million within a week.
According to BlockBeats, on July 1st, SanDisk's tokenized stock SNDK has surpassed $70 million in on-chain transaction volume since its launch on the Solana network on June 25th. The most recent 24-hour trading volume was $17.72 million, with 48,722 transactions.
Bernstein significantly raised its target price for SNDK to $3,000.
According to BlockBeats, on June 30th, Bernstein analyst Mark Newman raised the firm's price target for SNDK from $1700 to $3000 and maintained its "Outperform" rating on the stock. The firm noted that the new Long-Term Memory Agreements (LTAs) differ from older agreements because older LTAs were customer-centric, while the new LTAs have fixed or range-bound pricing, include upfront payment commitments to lock in customers and protect against downside risk, and have longer terms. Based on data provided by the firm, it estimates the floor price of SanDisk's recently signed LTAs at 29 cents per GB, significantly lower than Micron's floor price in the second quarter, the analyst told investors in a research note.
US semiconductor and memory stocks performed strongly during the session, with SanDisk and AMD both rising more than 5%.
According to Mars Finance, on May 28th, US semiconductor and memory stocks performed strongly during the day, rebounding strongly after a slight decline. SanDisk, AMD, and Qualcomm all rose by more than 5%. News reports indicate that ByteDance is reportedly developing custom CPUs to support AI needs, including purchasing from AMD. SanDisk (SNDK) rose 5.7%; AMD rose 5.2%; Qualcomm (QCOM) rose 5.1%; Nvidia (NVDA) rose 0.1%; Micron Technology (MU) rose 0.9%; Seagate Technology (STX) rose 2.06%; and Western Digital (WDC) rose 2.6%.