$SNDK: The Memory Trade Just Got Much Louder
$SNDK is becoming one of the most interesting AI-memory trades in the market.
The stock closed Friday at around $1,740, gaining nearly 12% in a single session. What makes the move more interesting is that the broader Nasdaq actually finished lower after a stronger-than-expected U.S. jobs report pushed Treasury yields higher.
So this wasn’t simply a “risk-on” market move.
Money was rotating directly into memory and semiconductor names.
And $SNDK was at the center of it.
The fundamental story is getting harder to ignore.
SanDisk’s fiscal Q3 revenue re