#闪迪股价涨幅扩大至11%
SanDisk (SNDK) shares extend their gains to above 11%, with an even higher intraday spike. The direct catalyst is the AI storage long-term strategy disclosed at the Investor Day: the company has signed new long-term commercial model agreements with eight customers. Based on floor pricing, the total value is approximately $93.9 billion, covering about half of the bit shipments in fiscal 2027 and about two-thirds in fiscal 2028. The company also provided guidance for revenue growth in the high double-digit range for fiscal 2028–2030, non-GAAP gross margin around 80%, and operating margin around 75%. HBF (high-bandwidth flash) products are expected to sample in 2027, specifically targeting the storage bottlenecks in the AI inference stage.
This is not a typical cyclical rebound. Traditional storage business relies on quarterly pricing negotiations and price fluctuations to make money. Now SanDisk uses multi-year agreements to lock in volume and pricing, effectively embedding the AI data center’s rigid demand for flash storage directly into contracts. The surge in tokens and KV cache driven by inference workloads pushes the enterprise flash TAM to a scale of around 1.2 zettabytes by 2030. The logic is more solid than a mere “price increase.”
In the short term, RSI has entered an overbought zone; after the positive sentiment is digested, a technical pullback is likely. But with the fundamentals turning, the bears are being squeezed hard—those with spare capacity can add to shorts’ average entry within the upper-band pressure area, while those with no dry powder should wait for a move back toward the mid-band before reducing positions. AI storage is the big direction; even with strong catalysts, there can be a digestion period. Position management is more important than chasing the rally.
SanDisk (SNDK) shares extend their gains to above 11%, with an even higher intraday spike. The direct catalyst is the AI storage long-term strategy disclosed at the Investor Day: the company has signed new long-term commercial model agreements with eight customers. Based on floor pricing, the total value is approximately $93.9 billion, covering about half of the bit shipments in fiscal 2027 and about two-thirds in fiscal 2028. The company also provided guidance for revenue growth in the high double-digit range for fiscal 2028–2030, non-GAAP gross margin around 80%, and operating margin around 75%. HBF (high-bandwidth flash) products are expected to sample in 2027, specifically targeting the storage bottlenecks in the AI inference stage.
This is not a typical cyclical rebound. Traditional storage business relies on quarterly pricing negotiations and price fluctuations to make money. Now SanDisk uses multi-year agreements to lock in volume and pricing, effectively embedding the AI data center’s rigid demand for flash storage directly into contracts. The surge in tokens and KV cache driven by inference workloads pushes the enterprise flash TAM to a scale of around 1.2 zettabytes by 2030. The logic is more solid than a mere “price increase.”
In the short term, RSI has entered an overbought zone; after the positive sentiment is digested, a technical pullback is likely. But with the fundamentals turning, the bears are being squeezed hard—those with spare capacity can add to shorts’ average entry within the upper-band pressure area, while those with no dry powder should wait for a move back toward the mid-band before reducing positions. AI storage is the big direction; even with strong catalysts, there can be a digestion period. Position management is more important than chasing the rally.
