AI Business & Industry

Today's Stories

1. 1

   Sandisk stock 18% undervalued on AI memory growth, says model

   Sandisk is set to join the S&P 100 index on September 21, with a year-to-date share price return of 532%. Hedge fund ownership more than doubled in the second quarter. The most-followed narrative values Sandisk at $2,126 per share, versus its last close of $1,740, implying an 18% upside on expected revenue acceleration and higher pricing power from AI and cloud data center demand.

   A separate SWS DCF model flags Sandisk as overvalued at $1,740, estimating future cash flow value at $1,206.34. Risks include NAND supply moving into oversupply or AI data center demand cooling.

2. 2

   Berkshire's Abel: Two ways to cash in on AI

   Berkshire Hathaway CEO Greg Abel said the company sees two AI opportunities: supplying energy to data centers and its nearly $36 billion stake in Alphabet. He also detailed a $10 billion Alphabet stock purchase at a 6 1/2% discount, made after a Sunday call in late May. Abel believes the biggest constraint for AI data centers is having enough energy, which he sees as a significant opportunity for Berkshire Hathaway Energy. He stressed the company will only sell energy to hyperscalers if it has no impact on other customers' rates.

   Abel noted growing community pushback against data centers and said companies must address concerns, like water use. He expects Berkshire to hold its Japanese trading house investments for many decades and to keep issuing yen bonds despite rising rates.

3. 3

   Home Depot Rolls Out AI Magic Apron to All U.S. Stores

   In late August and early September 2026, Home Depot expanded its AI-powered Magic Apron assistant to all 2,000+ U.S. stores. It also completed a buyback of 10,214,067 shares for US$3,344.09 million and filed a US$477.11 million shelf registration for 1,500,000 common shares. The rollout ties into Home Depot's technology and efficiency catalyst, embedding AI into in-store and mobile experiences. This could support better productivity and more engaged customers, even as the company manages heavy capital spending and integration work.

   Home Depot's narrative projects $187.2 billion revenue and $17.3 billion earnings by 2029, yielding a $370.18 fair value—a 15% upside to its current price. But community estimates range from US$277 to US$370 per share, showing varied views.

4. 4

   Cisco remakes edge for AI data-heavy future

   Cisco Systems introduced Unified Edge in November 2025, a converged hardware platform combining computing, networking, and storage for real-time AI inferencing at the edge. It supports CPUs and GPUs, up to 120 terabytes of storage, redundant power and cooling, and integrated 25-gigabit networking. As agentic AI increases infrastructure demands, older edge models weren't built for data-intensive applications. Cisco's approach processes data closer to where it's generated, reducing the need to move it to centralized clouds, which is more efficient. This shift makes the network a first-class citizen in supporting AI infrastructure.

   Cisco integrated its Intersight management platform to centrally manage distributed infrastructure across thousands of edge locations. The company also expanded its Hybrid Mesh Firewall strategy and added Live Protect, a runtime security feature, to bake security into the network fabric. Cisco believes its integrated portfolio is a key competitive differentiator.

5. 5

   Micron doubles down on AI memory chips

   Micron is doubling down on AI memory chips. This could pay off big time for investors.

   MarketWatch reports on this development.

6. 6

   Cramer Cautions on Oracle's AI Buildout

   Jim Cramer responded to a caller's question about Oracle's data center loans on September 2, saying the idea that moratoria on data center production increase the value of Oracle's approvals is "a little too optimistic." He noted any sign that Oracle cannot build as many data centers as expected would push the stock lower. Oracle's expansion is driven by surging enterprise demand for AI training and multi-cloud integrations, backed by a remaining performance obligation pipeline of around $638 billion. The main risk is massive capital expenditure and high debt from building data center regions, which pressures free cash flow and faces competition from Microsoft Azure, Amazon Web Services, and Google Cloud.

   Oracle had 119 hedge fund holders in Q2, up from 115 in Q1, and short interest stands at approximately 2.78% to 2.81% of the public float. Cramer said he prefers NVIDIA and still thinks Dell is a terrific stock to own.