🔥$SNDK SanDisk keeps falling—core summary
1. The earlier 1000x rally bubble was massive; profit-taking funds exited in bulk at high levels;
2. Capital positioned in advance: as global NAND capacity is set to be released in 2027, the flash memory price upcycle may have peaked;
3. The AI compute-storage narrative is cooling off; combined with China’s domestic storage industry accelerating development, competitive expectations worsen;
4. Panic spread across the storage sector in unison, triggering a cascading selloff, alongside risk-avoidance trading ahead of the Q3.5 earnings report.
5. The listing of CXMT sparked fear of supply expectations. The market worried that domestic storage firms’ capital expenditures will accelerate, raising the mid-to-long-term self-sufficiency rates for DRAM and NAND, undermining overseas vendors’ pricing power and causing the market to price in intensifying future competition early.
1. The earlier 1000x rally bubble was massive; profit-taking funds exited in bulk at high levels;
2. Capital positioned in advance: as global NAND capacity is set to be released in 2027, the flash memory price upcycle may have peaked;
3. The AI compute-storage narrative is cooling off; combined with China’s domestic storage industry accelerating development, competitive expectations worsen;
4. Panic spread across the storage sector in unison, triggering a cascading selloff, alongside risk-avoidance trading ahead of the Q3.5 earnings report.
5. The listing of CXMT sparked fear of supply expectations. The market worried that domestic storage firms’ capital expenditures will accelerate, raising the mid-to-long-term self-sufficiency rates for DRAM and NAND, undermining overseas vendors’ pricing power and causing the market to price in intensifying future competition early.