SanDisk Did In Months What Nvidia Took 9 Years To Pull Off — And The Chart Looks Almost Unreal

Benzinga

15 hours ago

The chart below looks like AI-generated, but it’s not. SanDisk did in 15 months what Nvidia took nearly a decade to deliver. The reflex on Wall Street has been to call it a meme. It isn’t. Behind ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2634649132"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2634649132\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2634649132?lang=en_US&edition=fundamental","thumbnail":"https://cdn.benzinga.com/files/images/story/2026/05/08/Milpitas--Ca---Feb--12--2017-Sandisk---A.jpeg?optimize=medium&dpr=2&auto=webp&width=260","is_english":true,"pubTime":"2026-05-09 02:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2634649132","market":"sh","top_or_hot":-1,"title":"SanDisk Did In Months What Nvidia Took 9 Years To Pull Off — And The Chart Looks Almost Unreal","media":"Benzinga","content":"<div>\n<p>The chart below looks like AI-generated, but it’s not. \nSanDisk did in 15 months what Nvidia took nearly a decade to deliver.\nThe reflex on Wall Street has been to call it a meme. \nIt isn’t.\nBehind ...</p>\n\n<a href=\"https://www.benzinga.com/markets/tech/26/05/52425213/sandisk-nvidia-ai-semiconductor-memory-stocks\">Source Link</a>\n\n</div>\n","source":"benzinga_hot_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SanDisk Did In Months What Nvidia Took 9 Years To Pull Off — And The Chart Looks Almost Unreal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSanDisk Did In Months What Nvidia Took 9 Years To Pull Off — And The Chart Looks Almost Unreal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-09 02:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/tech/26/05/52425213/sandisk-nvidia-ai-semiconductor-memory-stocks><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The chart below looks like AI-generated, but it’s not. \nSanDisk did in 15 months what Nvidia took nearly a decade to deliver.\nThe reflex on Wall Street has been to call it a meme. \nIt isn’t.\nBehind ...</p>\n\n<a href=\"https://www.benzinga.com/markets/tech/26/05/52425213/sandisk-nvidia-ai-semiconductor-memory-stocks\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.benzinga.com/markets/tech/26/05/52425213/sandisk-nvidia-ai-semiconductor-memory-stocks","article_id":"2634649132","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/05/08/Milpitas--Ca---Feb--12--2017-Sandisk---A.jpeg?optimize=medium&dpr=2&auto=webp&width=260"],"rights":{"source":"benzinga_hot_news","url":"https://www.benzinga.com/markets/tech/26/05/52425213/sandisk-nvidia-ai-semiconductor-memory-stocks","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2634649132","pubTimestamp":1778265720,"columns":[],"sourceInfo":{"source_id":"benzinga_hot_news","name":"Benzinga"},"weMediaInfo":null,"summary":"The AI rally started with Nvidia. It's now spreading to the chip companies that supply Nvidia — and SanDisk has run 4,083% in 15 months. Here's why.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"SanDisk在几个月内完成了Nvidia花了9年时间才完成的任务-而且图表看起来几乎不真实","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/8fe6aef886060a335387453af76b4038","symbols_score_info":{"AAPL":0.6,"MUD":0.6,"FFTY":0.78,"AMZN":0.6,"AIYY":0.6,"3NVD.UK":0.6,"AI":0.78,"NVD2.UK":0.6,"ANV":0.6,"NVDS.UK":0.6,"SNVD.UK":0.6,"NVDY":0.6,"GOOG":0.6,"NVDO":0.6,"META":0.6,"MU":1.84,"NVDL":0.6,"SNDK":1.97,"DIPS":0.6,"NVDQ":0.6,"CNAV":0.78,"2NVD.UK":0.6,"MUU":0.6,"HBM":0.78,"TSLA":0.6,"NVDD":0.6,"NVIW.SI":0.6,"AGIX":0.78,"AIPO":0.78,"NVDS":0.6,"MULL":0.6,"NVD3.UK":0.6,"CHAT":0.78,"MSFT":0.6,"ARTY":0.78,"NVDU":0.6,"IEMG":0.68,"NVDA":1.85,"NVDX":0.6,"NVDW":0.6,"NVDB":0.6,"NVD":0.6,"NVII":0.6,"NVDG":0.6,"EMXC":0.68},"content_text":"The chart below looks like AI-generated, but it’s not. \nSanDisk did in 15 months what Nvidia took nearly a decade to deliver.\nThe reflex on Wall Street has been to call it a meme. \nIt isn’t.\nBehind the parabola sits the most violent supply-demand mismatch the memory industry has seen since 2017, what Wall Street analysts now call the AI memory supercycle.\nEvery AI server runs on three different kinds of memory chip, made by largely the same handful of companies.\nThe supplier list is short.\nThree companies make almost all the world’s DRAM and HBM: Samsung Electronics Co., Ltd. and SK Hynix Inc. of South Korea, and Micron Technology Inc. (NASDAQ:MU) of Idaho. \nTogether they control more than 95% of global DRAM production and 100% of HBM.\nSK Hynix is the king of the hill. It supplies roughly 90% of Nvidia’s HBM. Every Blackwell GPU shipped today carries SK Hynix memory.\nFor NAND flash, the cast widens by two. Samsung, SK Hynix, and Micron compete with Kioxia Holdings Corp. of Japan and SanDisk. \nAccording to TrendForce, NAND market share at the end of third-quarter 2025 broke down roughly as: Samsung 32%, SK Hynix 19%, Kioxia 15%, Micron 13%, SanDisk 12%. The five together control more than 90%.\nThat is the entire supplier base for the AI economy. Five companies on three continents.\nThe bottleneck is mechanical, not narrative.\nHBM consumes roughly three times the wafer capacity per gigabyte as standard DRAM, but it sells for ten times the price. \nEvery Samsung, SK Hynix, and Micron fab on earth has spent the last 18 months converting DRAM lines to HBM as fast as physics allows. According to IDC, up to 70% of all memory chips made globally in 2026 will go to AI data centers.\nThe result is that everything is short at once. HBM is short because every fab is racing to make it. \nStandard DRAM is short because the fabs no longer have room. NAND is short because the same companies make NAND too — and because hyperscalers building AI data centers need vast NAND-based SSDs to store their training data.\nEvery company involved is now sold out. SK Hynix told investors on its October earnings call that HBM, DRAM, and NAND for 2026 are essentially booked. \nSamsung’s memory chief warned on April 30 that significant shortages will continue through at least 2027. SanDisk has gone further — customer conversations now point to tightness extending into 2028.\nHyperscalers are signing three-, five-, and seven-year prepayment contracts to lock in supply. The buyers are absorbing the volume risk this time, not the sellers.\nIf the squeeze explains why all five names are running, it doesn’t explain why SanDisk has run hardest.\nThree reasons.\nIt’s the only pure-play left. Samsung is a vast conglomerate. SK Hynix and Micron split capacity between HBM, DRAM, and NAND. SanDisk, since its February 2025 spin-off, makes nothing but NAND flash. Investors looking for clean exposure to the storage half of the AI build-out have nowhere else to go.\nIt made the right capacity bet. Through the painful 2022–2023 memory downturn, SanDisk and its joint-venture partner Kioxia kept production lean. They entered 2026 with a lower cost base than peers. When NAND contract prices surged this year, the bulk of the price increase dropped straight to gross margin. SanDisk’s reported margins are now modeled at 80%-plus through fiscal 2027.\nThe numbers back the story. SanDisk reported fiscal third-quarter 2026 revenue of $5.95 billion, up 251% year over year, with datacenter revenue alone jumping 645%.\nHere is where the story turns strange.\nThe hardware that runs the AI economy — sold out, on multi-year contracts, with 80%-plus margins — is being priced by the market like a cyclical commodity industry staring at a downturn.\nFor comparison: the SPDR S&P 500 ETF Trust (NYSE:SPY) trades at 21.5 times forward earnings. Nvidia trades at roughly 37x.\nThe world’s most irreplaceable chip companies trade like commodity steel mills.\nThe reason is simple: earnings are exploding faster than share prices. Micron posted fiscal second-quarter 2026 revenue of $23.86 billion versus $8.05 billion a year earlier, with non-GAAP EPS up 682%. \nGoldman Sachs noted Micron alone now accounts for 51% of all S&P 500 EPS revisions this year. \nThe Street is racing to update models, and the stocks are racing the Street.\nPer Benzinga’s Analyst Stock Ratings page, the most recent calls on SanDisk run aggressively above prior consensus.\nBernstein raised its SanDisk target to $1,700 from $1,250 on May 4, reiterating Outperform after a Q3 earnings beat the firm called broad-based with conservative Q4 guidance. \nBank of America, through Wamsi Mohan, lifted its target to $1,550 from $1,080 on May 6, citing strong demand from hyperscalers and the protective effect of new multi-year contracts. The Street-high is $2,000, set by Susquehanna.\nThe bear case is not gone. Memory has crashed before. New fab capacity will eventually arrive. A recession or a hyperscaler capex pause could break the contract architecture.\nWhat is unusual about this cycle is how much of that risk has been transferred. Customers are paying upfront, on multi-year contracts. Supply cannot move for years. And the multiples have compressed in the wrong direction — earnings have outrun the stocks.\nIf SK Hynix at 5x, Samsung at 5x, and Micron at 8x reflect a scenario the operating data refuses to validate, then the rally that took SanDisk past Nvidia in 15 months may not be a peak. It may be a re-rating that hasn’t finished.\nImage: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}