$SNDK Sandisk today put in one bullish candlestick surge upward, breaking through 1900, and now it's back around 1860.
The main driving force is that Meta's MUSE product has become really popular, proving that it works on the consumer side. If it works there, then storage might see even greater demand, which is why Sandisk's earnings have benefited a lot.
But in reality, I think this narrative is just a continuation of the original KV Cache story, not a brand-new big narrative. So the 1900 level still has some pressure. I put on a short position around 1900 and will take a short-term look to see if I can catch it.
The main driving force is that Meta's MUSE product has become really popular, proving that it works on the consumer side. If it works there, then storage might see even greater demand, which is why Sandisk's earnings have benefited a lot.
But in reality, I think this narrative is just a continuation of the original KV Cache story, not a brand-new big narrative. So the 1900 level still has some pressure. I put on a short position around 1900 and will take a short-term look to see if I can catch it.