May. 4 at 11:36 PM
$SNDK 🚀 New ATH at
$1,275.11 and momentum is building.
Street PTs were
$1,200–
$1,400… already through the low end. High-end targets moving fast: – Susquehanna:
$2,000 – Cantor:
$1,800 – Bernstein:
$1,700 – Evercore bull case:
$2,600
Why the re-rate?
Q3 was a blowout + guidance raised. But the real story = 5 NBM deals locking in multi-year revenue (up to 5 yrs). That’s a major shift from cyclical memory → AI infra-style business model.
Also: •
$6B buyback • Stargate launching Q4’26 • NAND pricing expected +234% in 2026 (per Gartner)
Spent the weekend deep in memory. Came away even more bullish.
Supply tightness likely lasts: – Micron Technology / Samsung Electronics → ~2028 – SK Group → possibly 2030
Positioned in
$SNDK $WDC $STX + added
$DRAM (Roundhill Memory ETF) for broader exposure.
This cycle looks different. 📈
