SanDisk Issues Strong Guidance, Market Confidence Surges? (frontierstocks.substack.com)
SanDisk strong guidance signals durable AI storage demand, long-term contracts boost margin visibility, but valuation discount persists amid cycle shift fears.
SanDisk targets 80% gross margins through 2030, long-term contracts cover 2/3 of 2028 shipments, but market still discounts at 7x vs historical 11x amid capacity expansion fears. Can the cycle stretch beyond 2-3 years?
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frontierstocks.substack.com/p/sandisk-is...
