$SNDK SanDisk's revenue rose 372% last quarter, while its data center business grew 437%. Demand for storage from AI servers remains strong, and rising chip prices are also supporting earnings.
Although the results look great, next-quarter guidance came in below expectations. This is the biggest trap with memory stocks: last time, earnings met expectations, but weak guidance sent the stock tumbling after hours.
Expectations for the earnings report are already sky-high. The stock could fall after the report whether or not results meet expectations. Nan哥 thinks SNDK's earnings won't have much impact on the broader market. At most, it may rally before the market opens, but the outlook is still mostly bearish.
Nan哥's bearish view hasn't changed. Wait for a rebound after the market opens to 1410, then short.
#FOMC会议
Although the results look great, next-quarter guidance came in below expectations. This is the biggest trap with memory stocks: last time, earnings met expectations, but weak guidance sent the stock tumbling after hours.
Expectations for the earnings report are already sky-high. The stock could fall after the report whether or not results meet expectations. Nan哥 thinks SNDK's earnings won't have much impact on the broader market. At most, it may rally before the market opens, but the outlook is still mostly bearish.
Nan哥's bearish view hasn't changed. Wait for a rebound after the market opens to 1410, then short.
#FOMC会议