Here’s a fact:
SanDisk closed at $1,260.93 on Thursday, down 8.5% for the day, leaving it up about 430% this year.
The sell-off points to the broader storage sector: Micron and Western Digital also fell about 6% that day, as the market worried about ChangXin’s capacity expansion and AI spending.
SanDisk’s P/E ratio is under 19, suggesting the market isn’t worried about this year’s earnings, but is betting on how long the cycle can last.
Ahead of its October 29 earnings report, the stock is trading on that question—not the numbers.
#Sandisk #SNDK $SNDK
SanDisk closed at $1,260.93 on Thursday, down 8.5% for the day, leaving it up about 430% this year.
The sell-off points to the broader storage sector: Micron and Western Digital also fell about 6% that day, as the market worried about ChangXin’s capacity expansion and AI spending.
SanDisk’s P/E ratio is under 19, suggesting the market isn’t worried about this year’s earnings, but is betting on how long the cycle can last.
Ahead of its October 29 earnings report, the stock is trading on that question—not the numbers.
#Sandisk #SNDK $SNDK