Today’s US stock recommendations | #SNDK AI starts paying for memory

SNDK only spun off from Western Digital in 2025, so this round of sharp rise is actually a combination of spin-off revaluation, NAND price increases, and AI storage demand. The larger the AI model, the more data generated during training, inference, and by intelligent agents, and storage has shifted from a background player to a front-stage role.

In fiscal Q3 2026, SNDK revenue was $5.95 billion, up 97% quarter-over-quarter; data center revenue was $1.47B, up 233% quarter-over-quarter, with gross margin rising to 78.4%. However, the Edge business remains the largest source of revenue, with data centers currently the fastest-growing engine, and have not yet fully taken over the company.

Compared to MU, WDC, and STX, SNDK is more focused on NAND and enterprise SSDs. Technologies like BiCS8 and UltraQLC address data center capacity, energy consumption, and cost issues. The company also signed multi-year procurement agreements, with Q4 revenue guidance reaching $7.75 billion to $8.25 billion, significantly improving order visibility.

Risks include NAND still being cyclical, and supply heavily dependent on the Kioxia partnership system; on June 19, the stock price was about $2,185, with a TTM P/E ratio approaching 76 times, indicating the market has already bet on the next high-growth cycle. As long as earnings reports slightly miss expectations, volatility will be significant.

My advice is that the company is worth following, but don’t chase the price aggressively.

Next, focus on whether data center revenue, gross margin, and cash flow can continue to deliver. Now, it’s easier to buy US stocks on CEX, but for high-volatility stocks like SNDK, the closer the entry point, the more restrained the position should be.

#SNDK #美股 #AI存储 #Data Center