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SanDisk is whipsawing traders today, and the story is worth unpacking. The memory chip maker delivered long-range revenue growth forecasts stretching toward the end of the decade, sending Wall Street analysts scrambling to revise price targets higher — yet the stock has seen violent swings in both directions as investors weigh valuation against execution risk.
Shifting to the AI space, OpenAI is dealing with another leadership rupture. Revenue chief Denise Dresser is departing the company, marking the second major executive exit in a matter of days. The timing is pointed — OpenAI is actively pursuing what could be one of the most anticipated initial public offerings in recent memory, and turnover at the top of the commercial operation raises real questions about stability heading into that process.
Meanwhile, Anthropic is quietly laying the groundwork for its own potential public offering. CFO Krishna Rao has begun early meetings with investors, focusing on big-picture themes around the Claude model suite and management depth. Notably, sources say valuation has not yet entered the conversation — a deliberate move that signals these talks are still firmly in the exploratory phase.
That's the tape. Markets Desk, signing off the floor.
