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● Sandisk guided fiscal second-quarterRevenueto $12.2 billion to $12.6 billion.
● An eight-for-oneStock Splitis set, with split-adjusted trading expected from November 20.
● Revenue reached $11.0 billion, ahead of the $10.7 billion analysts expected.
● AI capex hit $16.4 billion, with $35 billion to $40 billion planned next quarter.
● TheDividendwas suspended, removing a key reason for income investors to own the shares.
● Alphabet reported negative freeCash Flowof $9.07 billion andCapitalspending of $51.36 billion.
● Alphabet's negative freeCash Flowof $9.07 billion revived concerns over AI costs.
● Fourth-quarter revenue guidance midpoint of $362 million fell below the $372 million consensus.
● Bookings fell from a year earlier and fourth-quarter guidance missed expectations.
● The acquirer's shares rose while the target's shares slipped on Thursday.
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