SoftBank earnings exceed expectations, even without an OpenAI boost. This U.S. chip company saved the day.

The Japanese company’s investment in Intel paid off.

Sandisk, Western Digital drag on chip stocks as lofty expectations eclipse strong earnings  reuters.com

Aug 6 : Data storage companies tumbled in premarket trading on Thursday after quarterly results from Sandisk and Western Digital failed to sustain momentum in an industry that has become one of Wall Street's hottest bets this year.Shares of Sandisk lost 9.2 per cent to trade at $1,226.04, while Western Digital shed 14.

SoftBank on Thursday reported profit for its fiscal first quarter that beat market expectations.

The Tokyo-based technology investor's net income fell 18% to ¥347.3 billion in its fiscal first quarter, compared with a market estimate of about ¥166 billion.