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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.
Sandisk (SNDK) has just reshaped its balance sheet by signing a fresh amendment to its loan agreement that refinances its revolving credit facility and locks in up to US$1.5b in flexible borrowing capacity. Recent trading tells a story of cooling momentum. Sandisk’s share price has retreated over the past week and quarter, with the 7 day share price return down 11.9% and the 90 day share price return down 21.9%. This comes even though the 1 year total shareholder return is very large after a...
Western Digital is pitching AI storage at a major conference this week, but the market is voting with sell orders instead. Whether today's slide is a buying opportunity or a warning about stretched valuations depends on one critical gap between marketing and signed contracts.
Sandisk Stock Split Buzz Grows as Shares Top $1,500
SanDisk (SNDK) has fallen about 13% from its mid-August high, and the question is whether to buy. Its own record says buying a dip here has paid, though that record is one completed event. The catch: this fall is smaller than the ones the record measures. And SanDisk now sells much of its memory under multiyear contracts.
Sandisk rides on surging AI-driven Edge storage demand as device content rises, but Micron and Seagate pose formidable competitive threats.
The S&P 500 Index ($SPX ) (SPY ) is down by -0.19% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down by -0.64%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.08%. E-mini S&P futures (ESU26 ) are down -0.21%, and September E-mini...
NLST's surging revenue growth, Samsung alliance and lower valuation square off against Sandisk's booming AI-driven NAND demand.
Stock Market Today: The Dow Jones index drops Tuesday as the 10-year Treasury yield reaches its highest level since 2007. Nvidia stock rises.
Micron and Sandisk have been some of the biggest winners over the past year, and these AI stocks may be next.
FEATURE Stock futures were falling on Tuesday as a rally in oil prices drove the yield to its highest level in more than 19 years. Chip and memory stocks were edging higher, having taken a battering on Monday after several top executives called for a slowdown in AI development.
September S&P 500 E-Mini futures (ESU26) are down -0.14%, and September Nasdaq 100 E-Mini futures (NQU26) are down -0.13% this morning, trimming most of their earlier losses as a retreat in oil prices from session highs eased pressure on Treasuries.
The company’s Tokyo-listed shares have surged almost 400% this year, giving it a market value of about $183 billion.
A split would matter to Sandisk's shot at one well-known index and to options traders -- and not at all to what the business is worth.
Shares of leading data storage manufacturer Western Digital (NASDAQ: WDC) fell 4.8% in the afternoon session after the company announced the redemption of all $109.5 million of its 3% convertible notes amid broader weakness across AI memory and storage stocks.
SanDisk (SNDK) shares have surged from below $80 to over $1,650 over the past twelve months—a more than twentyfold run—and while they have given back about 13% over the past three months, they remain roughly 30% below their $2,354 peak. The argument against them is about a ceiling on margins. The number that complicates it is the share count.
