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One company is growing at a pace that is almost impossible to find in semiconductors. The other has reinvented itself as a contracted AI infrastructure play with billions in guaranteed revenue.
Major indexes edged lower as the yield on the 10-year Treasury note pushed past 5%. Markets have had a lot to digest this week: a quarter-point interest-rate hike, fluctuating fuel prices and big tech's P(doom)--aka the probability that AI results in a existentially catastrophic outcome, according to the Silicon Valley ecosystem.
Sandisk (NasdaqGS:SNDK) faces fresh competition as China's CXMT Corp. moves to enter the NAND flash memory market. CXMT, known for DRAM, is setting up a dedicated NAND R&D line to build out its flash memory capabilities. The Chinese semiconductor firm has started early discussions with potential NAND customers, including at least one AI startup focused on memory needs. The CXMT push into NAND and AI memory is important, but it should be considered alongside other factors in Sandisk's story...
The chipmaker got a boost from its upcoming inclusion in a high-profile benchmark.
Micron just pulled off a server memory breakthrough that has both AMD and Intel on board, but the revenue from it sits two fiscal years away while the stock already trades near all-time highs. Here is what that gap means for anyone deciding whether to buy now.
Something is pulling SanDisk sharply higher this Friday morning while the rest of the memory sector barely stirs, and no earnings release, filing, or analyst note explains why buyers are concentrating so heavily in one name.
The S&P 500 Index ($SPX ) (SPY ) is down by -0.11% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down by -0.39%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.09%. December E-mini S&P futures (ESZ26 ) are down -0.15%, and December E-mini...
China’s CXMT Corp. is reportedly preparing to enter NAND flash memory after capturing nearly 10% of global DRAM revenue, a move that could eventually pressure Micron Technology Inc. (NASDAQ:MU) and SanDisk Corp. (NASDAQ:SNDK) in a fast-growing part of the AI...
WDC and SNDK offer distinct paths to AI-driven storage growth, with divergent margins, risks and exposure to HDDs versus NAND flash.
The project is estimated at between Y2tn and Y3tn ($12.67bn-$19.01bn) and would broaden the scope of Japan's tariff-related investments.
With a plan in place, it's possible to make the most of a bear market.
CXMT—which is a specialist in dynamic random-access memory (DRAM)— intends to establish a NAND flash memory research-and-development production line at a new factory in Beijing, Reuters reported Friday, citing people familiar with the matter. DRAM is short-term working memory that computers and AI hardware use to manage active data and running processes. NAND flash memory is used for longer-term storage.
Sandisk announced a $14 billion share buyback during its fiscal fourth-quarter earnings.
Sandisk and Micron are undervalued relative to their expected growth.
The Sandisk run is not over yet.
Putting the memory shortage in context and why Micron and Sandisk shares could still have room to run.
Key Stats for Sandisk StockCurrent Price (Model entry): $1,530. 90Target Price (Mid): ~$3,180Street Target: ~$2,125Potential Total Return: ~108%Annualized IRR: ~17% / yearWhat Happened?Sandisk Corporation (SNDK) closed at $1,519.
SanDisk (SNDK) has returned nearly 1,600% over the past twelve months and still trades at 19.5 times earnings, against an S&P 500 median of 22.4. It sits about 35% below its 52-week high. A cash-generative business priced under the market is where value buyers start. The question is whether those earnings are a new normal or the top of a memory cycle.
The S&P 500 Index ($SPX ) (SPY ) is up by +0.91% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.45%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.31%. E-mini S&P futures (ESU26 ) are up +0.91%, and September E-mini Nasdaq...
FEATURE Stock futures were rising on Thursday as investors got over the worst of their worries about the Federal Reserve’s interest-rate hike. Chip and memory stocks were trading higher ahead of the opening bell, despite fresh concerns about a slowdown in the development of artificial intelligence.
Memory has become a binding constraint for artificial intelligence (AI) data center build-outs.