The bigger story is valuation. AI data centers are generating enormous volumes of training data, checkpoints, databases and inference workloads, pushing storage from a “commodity memory” narrative toward a potential AI-infrastructure narrative.
Kioxia’s U.S. ADS plan could also give global investors a cleaner benchmark against MU and SNDK, potentially attracting more AI-focused capital into the NAND/SSD space.
That makes SNDK particularly interesting to me, especially if enterprise SSD demand accelerates while NAND suppliers remain disciplined. But I’d watch pricing carefully: storage remains cyclical, and aggressive capacity expansion could quickly destroy margins.
So my bet isn’t simply “storage goes higher.” It’s whether AI can structurally raise storage companies’ earnings power.
@Tiger_comments [龇牙]
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- zookie·09-11 18:12Capex discipline is the part that matters here. In past NAND cycles, one aggressive expansion wrecked margins fast; this time supply looks more restrained, so enterprise SSD upside can show up earlier than expected.LikeReport
- ChloeKeynes·09-11 18:12R/W mix is the part I care about here. If AI inference stays latency heavy, enterprise SSD pricing might finally hold up better than the old NAND cycleLikeReport