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taishiro
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But there's another side to this. NAND is a cyclical market. Strong demand attracts capacity, supply eventually catches up, and pricing power can change quickly. SanDisk can be delivering exceptional growth today while investors question how long those margins can last.
AI infrastructure still needs storage. The question is whether the market has priced in too much future growth too quickly.
I'd be careful about confusing a sharp valuation reset with the death of an entire industry.
taishiro
在经历了一场惨烈的交易日后就断言SanDisk完蛋了，可能有点为时过早。
$SNDK周四下跌了22.2%，收于806.80美元。这是一次显著的抛售，尤其是考虑到该公司的业务数据。
公司报告季度收入为110.3亿美元，同比增长378%。数据中心收入达到48亿美元，而管理层预计下一季度收入将在122亿至126亿美元之间。
这些数字并不像是一家突然失去需求的企业。
