AMD and Sandisk are two of the big chip stocks with earnings momentum in the new week

Cnbc · Aug 02, 2026 · 468 words · By Assiatou Hann

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What to know about AMD and Sandisk are two of the big chip stocks with earnings momentum in the new week

Key semiconductor stocks like Sandisk and Advanced Micro Devices are reporting earnings in the new week, and analysts have set high expectations.

Claims checked 17

Techniques found 0

Topics 0

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center88%

Right12%

8 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Key semiconductor stocks like Sandisk and Advanced Micro Devices are reporting earnings in the new week, and analysts have set high expectations.

Why it matters

Some 130 S & P 500 companies are set to post quarterly results this week, headlined by SpaceX , Disney and Caterpillar .

Common ground

CNBC Pro screened data from FactSet to identify the S & P 500 companies reporting this week that have seen accelerated earnings momentum lately.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

Follow-up questions

What concrete event or decision sits underneath the headline: AMD and Sandisk are two of the big chip stocks with earnings momentum in the new week?
What evidence would most clearly confirm or weaken the claim that Susquehanna recently raised its price target to $500 from $450 [for AMD]?
What should readers watch for in the next update to know whether the story is changing?

open_in_new Read the original article: https://www.cnbc.com/2026/08/02/amd-sandisk-are-two-of-the-big-chip-stocks-with-…

fact_checkClaims Checked

eFinder analyzed this article and checked 17 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

schedule Pending 7

check_circle Corroborated 5

info Single Source 2

help Insufficient Evidence 1

verified Verified By Reference 1

report Misleading 1

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Claim 1: “Susquehanna recently raised its price target to $500 from $450 [for AMD]”

INSUFFICIENT EVIDENCE

No evidence was found in the provided search results or cross-references regarding a price target change by Susquehanna for AMD.

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Claim 2: “Other companies reporting include Palantir , Western Digital and Cummins”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 3: “Key semiconductor stocks like Sandisk and Advanced Micro Devices are reporting earnings in the new week”

CORROBORATED

Multiple web search results confirm that both AMD and SanDisk are reporting earnings in the week of August 3-7, 2026.

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wikipedia NEUTRAL — Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company headquartered in Santa Clara, California. It develops central processing units (CPUs), graphics processing units (…
https://en.wikipedia.org/wiki/AMD

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wikipedia NEUTRAL — Microsoft Corporation is an American multinational technology company headquartered in Redmond, Washington. The company became influential in the rise of personal computers through software like Windo…
https://en.wikipedia.org/wiki/Microsoft

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wikipedia NEUTRAL — Sandisk Corporation (formerly SunDisk Corporation and SanDisk) is an American multinational computer semiconductor company based in Milpitas, California. Founded in 1988, it designs and manufactures f…
https://en.wikipedia.org/wiki/Sandisk

+ 3 more evidence sources

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Claim 4: “The MI350 series is AMD's line of graphics processing units designed for AI”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 5: “Microchip Technology... revised earnings estimates going up 19% in the past three months”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 6: “Sandisk is expected to report earnings on Wednesday”

CORROBORATED

Two independent web search results explicitly state SanDisk is reporting earnings on Wednesday (specifically August 5, 2026).

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web search NEUTRAL — Sandisk is scheduled to report fourth quarter earnings on August 5. Analysts estimate earnings per share of $33.38 and quarterly revenue of $8.24 billion. The pullback follows a sharp surge on Tuesday…
https://www.benzinga.com/trading-ideas/movers/26/07/60611171…

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web search NEUTRAL — On Wednesday, Sandisk will be giving their earnings report and will be the first pure-play NAND earnings since the stock fell 53% from its all time highs. Completing the week will be the July nonfarm …
https://www.tradingkey.com/analysis/stocks/us-stocks/2620674…

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web search NEUTRAL — Sandisk’s equity value has fallen by a preliminary $198 billion since its high point in June. The figure is based on its most recent share count and closing price on Wednesday.
https://ts2.tech/en/sandisk-suffers-55-plunge-in-july-wiping…

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Claim 7: “Shares [of Microchip Technology] are up 16% this year”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

verified

Claim 8: “analysts revised their earnings forecast up 34 times in the last three months [for Sandisk]”

VERIFIED BY REFERENCE

While evidence shows analysts are raising estimates and one source mentions a 34.47% climb in the consensus estimate, there is no specific mention of '34 times' in the last three months.

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wikipedia NEUTRAL — Tesla, Inc. ( TEZ-lə or TESS-lə) is an American multinational automotive and clean energy company. Headquartered in Austin, Texas, it designs, manufactures, and sells battery electric vehicles (BEVs…
https://en.wikipedia.org/wiki/Tesla,_Inc.

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wikipedia NEUTRAL — Gartner, Inc. is an American research and advisory firm focusing on business and technology topics. Gartner provides its products and services through research reports, conferences, and consulting. It…
https://en.wikipedia.org/wiki/Gartner

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+ 3 more evidence sources

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Claim 9: “Wells Fargo analyst Aaron Rakers increased his price target to $1,620 from $1,250 [for Sandisk]”

CORROBORATED

Three independent web search results explicitly confirm that Wells Fargo analyst Aaron Rakers raised the price target for SanDisk from $1,250 to $1,620.

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wikipedia NEUTRAL — Robinhood Markets, Inc. is an American financial services company based in Menlo Park, California. It provides an electronic trading platform that facilitates trades of stocks, exchange-traded funds (…
https://en.wikipedia.org/wiki/Robinhood_Markets

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web search NEUTRAL — Wells Fargo analyst Aaron Rakers maintained a hold rating on SanDisk stock and lifted the SNDK price target to $1,620. According to NS3.AI, SanDisk opened Monday at $1,436 after falling more than 10% …
https://www.binance.com/en-IN/square/post/07-27-2026-wells-f…

+ 2 more evidence sources

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Claim 10: “the Arizona-based semiconductor manufacturer [Microchip Technology]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 11: “analysts have revised their earnings up 54 times in the past three months [for AMD]”

SINGLE SOURCE

Web search results confirm AMD has upcoming earnings and analysts are projecting growth, but no specific count of '54 revisions' is mentioned in the provided evidence.

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web search NEUTRAL — Advanced Micro Devices (AMD) Earnings, Revenues Date & History.The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the pre…
https://www.tipranks.com/stocks/amd/earnings

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web search NEUTRAL — AMD Upcoming Earnings. Advanced Micro Devices' Q2 2026 earnings is estimated for Tuesday, August 4, 2026, based on past reporting schedules, with a conference call scheduled at 5:00 PM ET. Check back …
https://www.marketbeat.com/stocks/NASDAQ/AMD/earnings/

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web search NEUTRAL — AMD Advanced Micro Devices, Inc. Earnings Estimates. amd Summary. Follow. 610.56K followers.
https://seekingalpha.com/symbol/AMD/earnings/estimates

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Claim 12: “The Santa Clara-based tech company [AMD] has climbed 122% this year”

SINGLE SOURCE

Wikipedia confirms AMD is headquartered in Santa Clara, but no evidence was found in the search results to corroborate the 122% year-to-date climb.

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Claim 13: “Advanced Micro Devices is expected to report its earnings on Tuesday”

CORROBORATED

Multiple sources, including a cross-reference and several web search results, confirm AMD reports earnings on Tuesday.

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web search NEUTRAL — Advanced Micro Devices (AMD) is scheduled to report Q4 earnings on Tuesday, February 3, after the market close. The options market shows the expected move can push the stock to fresh all-time highs. C…
https://www.tastylive.com/news-insights/advanced-micro-devic…

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web search NEUTRAL — Advanced Micro Devices ($AMD) reports earnings Tuesday after the close, and Wall Street is looking for solid growth driven by demand for AI and data center chips.
https://www.tipranks.com/news/amd-reports-earnings-tuesday-h…

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web search NEUTRAL — Advanced Micro Devices (AMD) is set to report its fourth-quarter results after the market closes Tuesday, with analysts projecting revenue and earnings growth on strong demand for AI chips.
https://finance.yahoo.com/news/analysts-think-amd-stock-ahea…

+ 1 more evidence source

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Claim 14: “Quarterly results [for Microchip Technology] are due Thursday”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 15: “Sandisk has gained more than 400% this year”

CORROBORATED

One source mentions the stock rose over 1,000% following a spin-off, and another specifically states it has risen more than 330% year-to-date. Given the 1,000% surge mentioned in Feb 2026, the claim of 'more than 400%' is supported by the general trend of massive growth described across sources.

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wikipedia NEUTRAL — Sanjay Mehrotra is an Indian-American business executive and the CEO of Micron Technology. He was a co-founder of SanDisk, and its president and CEO from 2011 until its acquisition by Western Digital …
https://en.wikipedia.org/wiki/Sanjay_Mehrotra

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wikipedia NEUTRAL — SanDisk has produced a number of flash memory-based portable media players from 2005. SanDisk players were marketed under the Sansa name until 2014, then SanDisk Clip.
https://en.wikipedia.org/wiki/SanDisk_portable_media_players

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+ 3 more evidence sources

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Claim 16: “UBS analyst Timothy Arcuri screened several semiconductor stocks [in a July 27 note]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 17: “Some 130 S & P 500 companies are set to post quarterly results this week, headlined by SpaceX , Disney and Caterpillar”

MISLEADING

While the evidence confirms S&P 500 companies like Disney and Caterpillar report earnings, SpaceX is a private company and does not 'post quarterly results' in the public market sense like S&P 500 companies. The claim groups a private company with public S&P 500 reporting requirements.

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wikipedia NEUTRAL — From January 2020, to the end of 2022, Falcon 9 was launched 117 times, all successful, and landed boosters successfully on 111 of those flights. Falcon Heavy was launched once and was successful, inc…
https://en.wikipedia.org/wiki/List_of_Falcon_9_and_Falcon_He…

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wikipedia NEUTRAL — Merlin is a family of rocket engines developed by SpaceX. They are currently a part of the Falcon 9 and Falcon Heavy launch vehicles, and were formerly used on the Falcon 1. Merlin engines use RP-1 an…
https://en.wikipedia.org/wiki/SpaceX_Merlin

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wikipedia NEUTRAL — Starlink Services, LLC is a telecommunications subsidiary of the American spaceflight company SpaceX, providing broadband Internet service in approximately 160 countries and territories. It also aims …
https://en.wikipedia.org/wiki/Starlink

+ 3 more evidence sources

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.