Bitget has updated the Proof of Reserves for February 2024

Goldman Sachs believes that at the Sandisk Investor Day, long-term guidance for FY28-30 was released, with a gross margin of 80% and operating profit margin of 75%, significantly exceeding expectations. The company has committed to using 100% of excess free cash flow for share buybacks, with a remaining repurchase authorization of $15.5 billion. Long-term customer agreements (NBM) now cover over $94 billion in contract value, providing performance visibility. HBF high bandwidth flash memory technology is expected to enter the AI inference market, serving as an additional upside option.

The demand for AI computing power exceeds supply, and rental prices are reaching historic highs. The first auction for Blackwell chips by Nebius closed 15% higher than the previous record price, and CoreWeave announced a 25% overall price increase in July. Premiums for short-term contracts are particularly significant, with Nebius’s annualized contract value per megawatt now exceeding $40 million. The logic is that if customers need "immediately available" computing power, they must pay a premium for its scarcity.

Applied Materials delivered strong financial results, but its stock price declined due to overly high market expectations.