Crazy how fast the memory narrative flips.
A few sessions ago the talk was that names like MU and SNDK had already run too hard.
Now one supply shift later and people are back to asking whether the real move is only just starting.
That’s why this part of the market is so hard to trade.
When supply tightens, pricing power can change fast, and suddenly what looked “too expensive” starts getting re-rated again.
I still think memory is one of the most important pieces of the AI hardware story.
The real question now is whether this is the start of a bigger leg higher, or just another sentiment spike that gets sold.
Are you treating this as a real breakout in the memory theme, or just hype getting overheated again?
Citi Sets SNDK Target at $2,000! When Does This Bull Run Peak?
Citi raising its price target to over $2,000 — a 44% premium to the current price near $1,393 — as the company's CEO declared AI is permanently transforming the memory industry, with markets set to remain in persistent undersupply. Muted gains followed yesterday's 3.77% rally, which absorbed most institutional expectations, leaving investors cautious on consecutive sessions. Supply-side risks are also mounting, as a Samsung workers' strike could further tighten HBM and NAND supply. With a $2,000 target implying 44% upside, do you think SNDK can get there?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments