Forecast for US stock earnings this week: AI chip repair market faces' three tough battles' BlockBeats News: On August 4th, the US chip stocks received a set of key financial reports this week. AMD will release its second quarter results after market hours on Tuesday, August 4th, while SanDisk and Western Digital will announce their fourth quarter and full year results after market hours on Wednesday, August 5th. The importance of these three financial reports lies not only in the performance of individual companies. After a sharp decline in AI hardware stocks in July, the market is searching for evidence of whether chip stocks have recovered. Last week, the financial reports of cloud vendors such as Microsoft and Amazon eased concerns about returns on AI capital expenditures, while the performance of storage chains such as Samsung and Micron reignited sector sentiment. In last Thursday's recovery market, Micron rose 18%, SanDisk rose 26%, Lam Research rose 18%, and chip stocks once drove the market to rebound. AMD is the first tough battle. The current market is most concerned about AMD's two growth lines: EPYC server CPUs and AI accelerators. Analysts expect AMD's Q2 revenue to be approximately $11.3 billion, with data center revenue of approximately $6.5 billion, including approximately $4 billion in server chip revenue and $2.5 billion in AI related revenue; The adjusted EPS is expected to be around $1.62. According to Investopedia citing Visible Alpha data, the market expects AMD's Q2 revenue to be approximately $11.34 billion, a year-on-year increase of 48%, with an adjusted EPS of $1.61, three times higher than the same period last year. The real focus of AMD's financial report is guidance. Jeffrey analyst Blayne Curtis is optimistic about AMD's new generation of Venice server CPUs and Helios rack level AI systems based on MI450 GPUs. OpenAI、Meta、 Customers such as Microsoft and Anthropic have been seen by the market as potential sources of demand for Helios. Initial shipments may begin in the third quarter, but greater revenue contributions will be seen after the fourth quarter. The options market is also experiencing significant pricing fluctuations: Investopedia stated that traders are betting on AMD's financial report, and the stock price may fluctuate up or down by about 10% this week. This means that meeting consistent expectations may not be enough, and the market needs to see AI GPU orders, customer adoption progress, and continued upward revisions in the third quarter guidance. SanDisk is a high beta benchmark for storage chain sentiment. The company will release its fourth quarter financial results after the market closes on August 5th and hold investor day on August 13th. According to Benzinga data, Wall Street expects SanDisk's fourth quarter EPS to be $33.38 and revenue to be $8.24 billion; The revenue guidance range previously provided by the company was between 7.75 billion and 8.25 billion US dollars, with an EPS guidance of 30 to 33 US dollars. That is to say, market expectations have approached or even slightly exceeded the upper limit of the company's guidance. This makes SanDisk's financial reporting threshold very high. Zacks pointed out that SanDisk's average EPS exceeded expectations by 68.29% in the past two quarters, with a current Earnings ESP of+4.13% and a Zacks rating of 1 Strong Buy, indicating that analysts are still betting on the company's opportunity to continue exceeding expectations. But high expectations also mean greater volatility. Although SanDisk is still on a long-term upward trend, it has recently fallen from a high and its technical momentum has weakened. The market will focus on NAND prices, enterprise SSD demand, gross profit margins, and whether investor day on August 13th will provide a stronger long-term growth framework. The logic of Western Digital is slightly different, it is more like a robust validation of the storage requirements of AI data centers. According to Benzinga data, Western Digital's consistent expectation for the fourth quarter is EPS of $3.27 and revenue of $3.69 billion; Zacks' previous EPS expectations were $334 and revenue of $3.7 billion, with year-on-year growth rates of approximately * * 101% * * and 42%, respectively. The company's third quarter report released in April showed Q4 revenue guidance of around $3.65 billion and $100 million, non GAAP gross profit margin expected to be 51% -52%, and EPS of around $3.25 and $0.15. The key to Western Digital lies in the demand for high-capacity HDDs and cloud data centers. The company's management emphasized in the third quarter financial report that AI training, inference, Agenetic AI, and Physical AI all generate data that needs to be stored for a long time, which is the foundation of HDD demand. If Western Digital continues to demonstrate revenue growth, gross profit margin expansion, and strong free cash flow in the fourth quarter, the market will see it as evidence that AI storage demand is still spreading. Overall, AMD's financial report will answer the question of whether AI computing power orders can still be upgraded, SanDisk will answer the question of whether NAND/Flash price increases and enterprise SSD prosperity can support high valuations, and Western Digital will answer the question of whether AI data center storage demand can be stably fulfilled to profit margins. If these three financial reports stabilize at the same time, the rebound of chip stocks this round will be more like a fundamental repair; If any of these companies guide conservatively, the shadow left by the valuation killing in July may soon come back.