Sandisk Can Now Buy Back $15.5 Billion of Its Own Stock. That's 8.6% of the Company.

Sandisk Can Now Buy Back $15.5 Billion of Its Own Stock. That's 8.6% of the Company.

The memory maker's board just added $14 billion to a buyback it had nearly exhausted in two months. Can the cash flow funding it last?

Why this top investor is fleeing AMD but buying SanDisk after both stocks crashed

AMD and SanDisk both fell about 9% after reporting strong quarterly results last week, but one investor sees very different opportunities in the two stocks. James Foord, economist and leader of The Pragmatic Investor, is bearish on AMD but bullish on SanDisk. As per TipRanks, he believes AMD’s rapid AI growth is not yet producing the margin gains investors should expect, while SanDisk may be building a more profitable and less cyclical business.…