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The bubble in the US stock market will probably start from here. Please remember the name of this stock: SanDisk. Tonight, I spent some time carefully researching SanDisk, SK Hynix, and Micron. Of the three stocks, only SanDisk’s products can’t be linked to AI. In the past few years, within Western Digital, this company has still been losing money. But this year, because AI memory has surged, SanDisk’s consumer-grade memory has also gone up. SanDisk’s gross profit has reached an astonishing 70% or more. That’s why SanDisk’s forward price-to-sales ratio is around 8 to 9. However, storage is a cyclical commodity. If, in the future, storage capacity increases, SanDisk’s gross profit will decline, and the PE value will skyrocket. Around a 40% gross profit margin is the norm. I don’t plan to trade this stock anymore. Over the next few days, I’ll take a good rest and do some research on Ethereum.
Previously, when silver prices surged dramatically, the stocks of a small silver company on the verge of bankruptcy suddenly skyrocketed.
If you're interested, you can look it up yourself.