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Stock Market 3 February 2026

SanDisk stock jumps as AI memory shortage fuels a bold Q3 forecast

SanDisk stock jumps as AI memory shortage fuels a bold Q3 forecast

SanDisk projected fiscal third-quarter revenue between $4.4 billion and $4.8 billion, with non-GAAP earnings expected at $12 to $14 per share, it said Tuesday. The company also anticipates a gross margin ranging from 65% to 67%. Shares jumped over 9% in after-hours trading. For the second quarter, SanDisk posted revenue of $3.025 billion, non-GAAP EPS of $6.20, and a gross margin of 51.1%. It generated $843 million in adjusted free cash flow and paid down $750 million in debt. Additionally, SanDisk agreed to spend $1.165 billion on manufacturing services from 2026 through 2029, extending its Yokkaichi joint venture with Kioxia to December 31, 2034.
Henry Hub natural gas price rebounds after historic plunge as EQT Corp, Williams Cos Inc stocks tick higher

Henry Hub natural gas price rebounds after historic plunge as EQT Corp, Williams Cos Inc stocks tick higher

U.S. natural gas futures clawed back some ground Tuesday morning, with March Henry Hub contracts rising 3.7% to $3.358 per million British thermal units. That came after Monday's staggering 25.7% plunge—the steepest single-day fall since 1995, not counting rollover periods—triggered by warmer mid-February weather forecasts.