daz999999999
08-18 20:01
$SanDisk Corp.(SNDK)$  


On August 17, SanDisk Corp. rose 3.83% in regular trading, trading at $1708.93/share, with turnover of $2.725 billion, extending its recent strong rally.

On the news front, regulatory filings revealed that AI-focused hedge fund Situational Awareness substantially increased its SanDisk position to 2,495,344 shares in Q2, with combined holdings in two storage companies totaling approximately $11 billion, representing roughly one-quarter of the fund's net assets. Meanwhile, SanDisk's recent Investor Day long-term financial model continues to fuel bullish sentiment. The company projected mid-to-high double-digit revenue growth for FY2028-2030, non-GAAP gross margins of approximately 80%, operating margins of approximately 75%, and committed to returning 100% of excess cash to shareholders. JPMorgan upgraded SanDisk to Overweight with a $2,250 target price, while Goldman Sachs reiterated its Buy rating with a $2,200 target. The stock has surged over 35% in the past five trading sessions.



Kioxia Drops First, SanDisk Follows With 9% Loss — Is the Crowded Trade Unwinding?
Memory reversed Tuesday: SanDisk −9.01%, giving back all of Monday's 8.88%. The 2x long SNXX fell 17.84%, the 2x inverse SNDQ rose 18.00%. It started in Asia — Kioxia −7.5% in Japan pressured SanDisk pre-market — then a sell-side note called SanDisk a crowded trade against an underowned Nvidia, arriving after a month-long run and giving leveraged holders their reason to cut. A separate filing showed a fund that lost heavily in July was almost entirely in Micron and SanDisk. Buy the dip, rotate to Micron, or drop the leveraged products?
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Comments

  • Shenpwe
    08-18 20:53
    Shenpwe
    35% in five sessions is doing way more work than the filings. Those margin targets sound heroic, but this setup looks stretched short term
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