$SanDisk Corp.(SNDK)$ Memory chips can't really come online without infrastructure upgrades, and AI needs a lot of memory. That's why prices have gone through the roof. The next generation of processors will take a couple of years to become available. SanDisk seems to be the only company in a position to make money from this situation.
$SanDisk Corp.(SNDK)$ There seems to be a lot of shorts trying to cover positions they opened at $1,000 or lower a few months back. From my perspective, the stock could see a run-up as we get closer to the earnings date.
$SanDisk Corp.(SNDK)$ QQQ has logged 4 straight loss days, which is a rare occurrence—it almost never sees a 5th. The direction from here is tough to call. The movement is confusing; it may pop and then drop, or drop and then pop. The moves on the hyper-dash are too small to read clearly. Major support sits around 1,289. I'm assuming that's the level where the algos might flip bullish, though a reversal could happen before then, especially with Intel's earnings coming up and SanDisk's on August 6. I'm holding a significant position and am prepared to use all my leverage if it hits that support level, with a stop around 1,250.
$SanDisk Corp.(SNDK)$ It's moving higher into earnings, with the report set for 8/5/2026. The stock is substantially oversold, down 40% over the last two weeks and trading at a forward P/E of 5. From where I stand, shorts might consider taking some profits off the table before the earnings release. If someone was smart enough to short it at $2,354, they should be smart enough to cover at these levels.
$SanDisk Corp.(SNDK)$ The stock could potentially reach over $2,000 after earnings on August 5, which would be a worst-case scenario for bears. It seems heavily manipulated. The earnings estimates are available if you look for them.