Markets
markets
Luke Kawa

Google jumps after announcing “significant, multi-million-dollar contract” with NATO to deliver sovereign cloud capabilities

Google is trading higher premarket after its cloud division announced “a significant, multi-million-dollar contract” with NATO’s Communication and Information Agency to deliver AI-enabled sovereign cloud capabilities.

Google Distributed Cloud will be leveraged by the Joint Analysis, Training, and Education Center to “modernize its operational capabilities and handle classified workloads,” per the press release, which said these solutions would be provided in the coming months.

Google highlighted that its sovereign cloud environment is in a “hardened, air-gapped environment, disconnected from the internet and public cloud.”

“Multi-million” is small fries compared to the tens or hundreds of billions we’ve seen thrown around in recent AI compute deals. But this represents an immense potential opportunity to tap into demand from governments and international agencies that want to secure advanced computing resources.

Read More: Why countries are seeking to build “sovereign AI”

More Markets

See all Markets
Tasha Matsumoto
3m
Stocks bounce back powered by tech rebound

Tech rose amid AMD and Meta’s chip deal, and software stocks recovered as investors shook off yesterday’s dystopian AI report.

Anfernee Simons #2 of the Chicago Bulls dribbles during the second half of their NBA game against the Toronto Raptors at Scotiabank Arena on February 5, 2026 in Toronto, Ontario, Canada.
markets
Matt Phillips

Sandisk sinks more as product release underwhelms market

Sandisk’s online event marking the one-year anniversary since being spun off from Western Digital seems to be something of a damp squib.

The shares, already down a fair bit following the Citron Research short announcement, fell further after the company announced an upgrade to its consumer solid state memory drives, alongside a YouTube based presentation aimed at highlighting all the hep things one might do with, well, access to additional digital storage.

The stock — which is still up more than 150% in 2026 — was down more than 7% shortly after the company’s post at 2 pm ET. That was in stark contrast to the bump software stocks were riding following Anthropic’s product announcement earlier Tuesday.

FINAL BOSS
4h

“We’re willing to HODL”

Matt Phillips
Hinge Health CEO
markets
Matt Phillips

Sandisk slides on Citron short announcement

Sandisk’s roughly 1,200% run-up over the last year — it was spun off from Western Digital exactly a year ago — took a breather early Tuesday, after well-known stuff-stirrer Citron Research, short seller Andrew Left’s firm, announced it was short the stock.

In a post on X, Citron suggested that while Sandisk has benefited from the parabolic price increase for memory chips, it’s only a matter of time before giant contract chip manufacturers like Samsung Electronics and TSMC turn on the taps:

“The market is pricing SanDisk like it’s $NVDA. There’s one problem: NVIDIA has a moat. SanDisk sells a commodity. We’ve seen this movie before 2008, 2012, 2018. It’s never different this time. Memory is a cycle, and cycles peak.”

That’s true historically speaking, but Wall Street seems to see the memory price spike continuing for at least a couple more years. Analysts have ratcheted up their earnings expectations over the next few years, in line with the guidance Sandisk issued in its latest earnings report. And shorting a stock with this much momentum — it’s up more than 150% this year alone! — is treacherous indeed.

Citron Research on X: "Citron is Short $SNDK — They Don't Ring a Bell at the Top We don't need Anthropic to announce they're making NAND. Samsung is already the 800-pound gorilla...

Citron Research on X: "Citron is Short $SNDK — They Don't Ring a Bell at the Top We don't need Anthropic to announce they're making NAND. Samsung is already the 800-pound gorilla, and they've been running this playbook for 30 years. While TV pundits pound the table herding retail into cattle cars," / X

“The market is pricing SanDisk like it’s $NVDA. There’s one problem: NVIDIA has a moat. SanDisk sells a commodity. We’ve seen this movie before 2008, 2012, 2018. It’s never different this time. Memory is a cycle, and cycles peak.”

That’s true historically speaking, but Wall Street seems to see the memory price spike continuing for at least a couple more years. Analysts have ratcheted up their earnings expectations over the next few years, in line with the guidance Sandisk issued in its latest earnings report. And shorting a stock with this much momentum — it’s up more than 150% this year alone! — is treacherous indeed.

Death Struggle Software

After brutal selloffs, IBM and Oracle get a glimmer of hope from Anthropic news

Anthropic’s latest announcement seems to be giving a lift to software companies the market was previously viewing as the walking disrupted.

Matt Phillips5h

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.
©2026 Sherwood Media, LLC