1. Is This a Healthy Shakeout or the Start of a Deeper De-Rating? The evidence strongly points to a necessary and healthy valuation shakeout, not a fundamental break in the AI storage thesis. Here's the breakdown: Why This is a Healthy Shakeout: Mathematical Necessity: Stocks like SanDisk (WDC) up 1,100% in six months are mathematically primed for a correction. This is a textbook case of a parabolic move meeting gravity. The market is simply resetting from "extreme greed" to a more sustainable base. Crowded Trade Unwind: This was the most consensus long trade in tech. When macro risk appetite fades (higher rates, software selloff), the most crowded, high-beta names get hit first and hardest. This is liquidity-driven selling, not a reflection of broken fundamentals. Valuation Reset, Not Sto

🐯 Citi Lifts SanDisk to $750 — Why the AI Storage Trade Is Still Early 🚀💾 The market is starting to realize something important: AI is not just a compute story — it’s a storage supercycle. On Monday, Citigroup raised SanDisk’s target price from $490 to $750, highlighting: • +64% QoQ data-center revenue growth • Margin resilience despite past NAND cyclicality • Accelerating hyperscaler demand tied directly to AI workloads The result: • SanDisk +15.4% • Micron +5.5% • Western Digital +6.1% This move isn’t the end of the trade — it’s the recognition phase. ⸻ 1️⃣ AI Is Creating a Structural (Not Cyclical) Storage Shift 🤖📈 Every AI model requires: • Massive training datasets • Continuous high-speed inference access • Frequent data refresh and replacement This changes storage economics: • Higher

The recent upgrade of SanDisk's target price by Citigroup is a significant development, especially given the current market environment. Let's analyze the implications of this news and the potential for the AI trade. 1. AI-Driven Compute Demand: A Key Driver The accelerating demand for AI-driven compute solutions is a positive sign for SanDisk: Storage Cycle: The storage cycle is being propelled by the increasing demand for AI-driven compute solutions, which requires high-performance storage. SanDisk's Position: SanDisk's emergence as a key pure-play gauge for NAND and SSD momentum after its spinoff positions it well to benefit from this trend. 2. Crowded Trade or Under-Owned? The question remains whether the AI trade is crowded or under-owned: Crowded Trade: The recent surge in SanDisk's

$SanDisk Corp.(SNDK)$ Whats the TP for today? 

Micron FQ1 -26 revenue $13.6B,Revenue up by 21% Q/Q and up 57%Y/Y

$SanDisk Corp.(SNDK)$ $Micron Technology(MU)$  $Western Digital(WDC)$  I am tracking $SNDK SanDisk through cycle structure, pricing reflexivity, volatility expansion, earnings quality, and historical memory-sector behaviour. This is not a narrative-driven rally. It reflects a real margin reset, NAND and DRAM pricing leverage, AI-driven demand acceleration, and a structural earnings inflection. At the same time, price is trading at statistically extreme extension where timing discipline matters more than thematic conviction. 📊 Price structure, volatility stretch, and mean-reversion risk On the 4H structure, I see $SNDK maintaining a confirmed uptr

SanDisk Q2 Review: Blowout Results, Forward P/E 10x, Multi-Year Agreements—How Far Can SNDK Rerate? $SanDisk Corp.(SNDK)$  's FY2Q26 results and FY3Q26 guidance significantly exceeded both the company's own guidance and Wall Street expectations. But the bigger story is strategic: the company is signaling a shift from unit-led cyclicality toward price power, datacenter mix, and tighter contracting (multi-year agreements with prepayments). Financial Snapshot SanDisk delivered a sharp upside surprise in FY2Q26, driven primarily by pricing and mix rather than unit growth. – Revenue: $3.025B (+31% QoQ, +61% YoY).  – Non-GAAP gross margin: 51.1%, far above the company’s prior 41%–43% outlook. Management attributed the beat mainly to higher pri

A number of Wall Street analysts, including Bernstein, have been raising their price targets on SanDisk as NAND pricing improves and enterprise storage demand picks up. The broader memory market also looks set to grow over the next few years, helped by server expansion, cloud growth, and AI workloads. That said, some analysts’ price targets are already below where the stock is trading now, which suggests a lot of the good news may be priced in unless earnings keep beating expectations. Personally, I think SanDisk is probably past the early discovery phase, but the structural demand story is still very much alive. From here, upside likely depends more on execution and earnings than multiple expansion. 

Slow is king fast is slow. Patience is key

The results strongly suggest the storage supercycle is not finished, but the easy phase is likely behind us. Do the beats signal early innings? They confirm that demand is still accelerating, particularly from AI training, inference, and data-centre refresh cycles. What matters more than the headline beat is the forward guide. SanDisk’s Q3 outlook implies demand visibility well beyond a one-quarter burst, while Western Digital’s margin expansion shows pricing power is still improving. This looks less like a peak and more like the mid-cycle acceleration phase, though volatility will rise as expectations reset higher. SanDisk vs Western Digital SanDisk remains the higher-beta, higher-upside play. Its pure exposure to NAND and AI-driven storage demand means earnings revisions can still chase

SanDisk (SNDK) and Western Digital (WDC) have both reported blowout Q2 2026 earnings and strong Q3 guidance, suggesting a robust market cycle, likely driven by AI infrastructure demand. SanDisk was spun off from Western Digital in February 2025 as an independent public company.  Financial Overview Both companies exceeded analyst expectations significantly for Q2 and provided blockbuster guidance for Q3.  SanDisk (SNDK): Reported Q2 revenue of $3.03B and adjusted EPS of $6.20, crushing estimates of $2.67B and $3.49 respectively. It guided for Q3 revenue between $4.4B-$4.8B and EPS of $12-$14, far above consensus estimates of $2.98B revenue and $5.11 EPS. The stock is up significantly after hours. Western Digital (WDC): Reported Q2 revenue of $3.02B and adjusted EPS of $2.13, beati

Will pull back because ai bubble is popping 

Too overhyped. Should wait.

The results strongly reinforce the AI-driven storage supercycle thesis, and importantly, they do so on both earnings quality and forward visibility. Are we still early in the supercycle? The numbers suggest yes. SanDisk’s guide implies not just demand strength, but accelerating pricing power and utilisation. That combination is characteristic of early-to-mid cycle behaviour, not late cycle. Capacity discipline across NAND, AI workloads driving higher endurance and performance requirements, and customers locking in forward supply all point to a structurally tighter market than past cycles. This is not a one-quarter squeeze. SanDisk vs Western Digital SanDisk remains the higher-beta, higher-upside expression. It is the purest AI-storage leverage, but also the most vulnerable to sharp pullbac

sandisk

🌟🌟🌟Storage is the new compute and the market has finally woken up! $SanDisk Corp.(SNDK)$ and $Western Digital(WDC)$ are absolutely on fire right now because they have transformed from cyclical commodity players into the indispensable backbone of the AI revolution.  Their latest earnings didn't just beat expectations.  They shattered them! The NAND supply squeeze:  AI models need massive ultra fast storage and SanDisk is capitalising on this with its Enterprise SSDs, seeing its margins explode as NAND prices are projected to jump 50% in early 2026 alone. Western Digital is reaping an AI infrastructure harvest as hyperscalers flock to their high capacity HAMR and UltraSMR hard drives for co

What's everyone's thoughts 

Stock to watch in 2026

$SanDisk Corp.(SNDK)$ OMG I can honestly say I missed the memory boat.  I have to look for greener pastures elsewhere... It's more like selling time instead of buying. No margin of safety now if you buy.