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FT analysis shows signals of stress in the market are back to levels last seen in 2017
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Key PointsLast September, the S&P 500 rose by 3.5%, but when the market was crashing in 2022, it declined more than 9% during the month.
Key PointsSandisk's investor day late last week ignited a rally that continues to gain steam.
Services revenue surged 9.1% as South Africa deployment accelerated beyond expectations.
AI technologies now contribute 20% of licensing revenue, marking a step-function inflection.
Net debt fell 45.5% as cash flow hit a six-year high.
