Sandisk (NASDAQ: SNDK) has had an incredible run over the past year. At its peak in late June, the stock was up over 5,438%, but it has given back a lot of those gains since the calendar flipped past June. Now, it's down around 48% from its all-time high.
Many investors are now wondering if Sandisk's stock bubble has burst, warranting the sell-off. On the flip side, this could just be a case of investors taking profits on a huge winner. That would make it a stock potentially worth buying on the dip.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
I think Sandisk stock still has a lot of long-term investing merit, and a rally could be coming in the future that will return it to all-time high levels. Let me explain.
Sandisk makes NAND memory, which is commonly used for long-term data storage. NAND is used in various devices, but the biggest demand for it right now comes from solid-state drives (SSDs), which are used in data centers to store information. There is an unprecedented number of data centers being built right now, and the memory chip industry cannot meet the demand. As a result, there is a supply shortage, causing prices to skyrocket, benefiting producers like Sandisk.
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Many investors are now wondering if Sandisk's stock bubble has burst, warranting the sell-off. On the flip side, this could just be a case of investors taking profits on a huge winner. That would make it a stock potentially worth buying on the dip.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
I think Sandisk stock still has a lot of long-term investing merit, and a rally could be coming in the future that will return it to all-time high levels. Let me explain.
Sandisk makes NAND memory, which is commonly used for long-term data storage. NAND is used in various devices, but the biggest demand for it right now comes from solid-state drives (SSDs), which are used in data centers to store information. There is an unprecedented number of data centers being built right now, and the memory chip industry cannot meet the demand. As a result, there is a supply shortage, causing prices to skyrocket, benefiting producers like Sandisk.
#Stock
2 months ago
