Micron Options Trading Surge Continues
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy SNDK?
Source: CNBC
- Surge in Options Trading: Following a remarkable 700% increase over the past year, traders flocked to Micron options on Tuesday, with over $2.8 billion in premiums traded, reflecting strong bullish sentiment towards the legacy memory chip maker despite the absence of significant news.
- Volume Spike: Micron accounted for 12 of the top 20 options trades in the hour after the market opened, indicating investor confidence in its future performance, while implied volatility surged to 84, approximately five times that of the S&P 500.
- Market Confidence Reflection: Related stocks such as SanDisk and Western Digital also saw a dominance of call options trading, further validating the optimistic sentiment in the semiconductor sector as these stocks reached all-time highs.
- Intel Market Cap Milestone: Intel's market capitalization surpassed $550 billion on Tuesday, exceeding its dot-com bubble valuation, showcasing its resurgence in the AI space with a more than 430% increase over the past year.
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Analyst Views on SNDK
Wall Street analysts forecast SNDK stock price to fall
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 1547.560
Low
220.00
Averages
283.69
High
410.00
Current: 1547.560
Low
220.00
Averages
283.69
High
410.00
About SNDK
SanDisk Corporation is a developer, manufacturer and provider of data storage devices and solutions based on NAND flash technology and has consumer brands and franchises globally. The Company's solutions include a range of solid state drives (SSDs) embedded products, removable cards, universal serial bus (USB) drives, and wafers and components. Its broad portfolio of technology and products addresses multiple end markets of Datacenter, Edge and Consumer. Its Datacenter end market is composed primarily of products for public or private cloud environments and enterprise customers. The Company, through the Edge end market, provides original equipment manufacturer and channel customers a broad array of high-performance flash solutions across personal computer, mobile, gaming, automotive, virtual reality headsets, at-home entertainment, and industrial spaces. The Company serves the Consumer end market with a broad range of retail and other end-user products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sandisk's Central Role in AI Ecosystems
- Significant Revenue Growth: In Q3 of fiscal 2026, Sandisk reported a 251% year-over-year revenue increase to $5.9 billion, reflecting strong demand for its NAND flash solutions, particularly in data centers and edge devices, underscoring its critical role in AI infrastructure development.
- Enhanced Profitability: With expanding gross margins, Sandisk's profitability is accelerating, driven by its pricing power, which further solidifies its competitive position in the rapidly growing AI market and is expected to attract more long-term contracts from major developers.
- Stock Buyback Program: Sandisk recently announced a $6 billion stock repurchase program, signaling management's confidence in the company's future trajectory while reflecting its financial flexibility after debt repayment, which enhances investor confidence.
- Debt-Free Financial Position: As of Q3 2026, Sandisk holds zero debt on its balance sheet and generated $4.5 billion in free cash flow over the past year, enabling the company to fund internal investments and continue deleveraging, showcasing a robust financial health.
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Sandisk's Stock Soars 4200% Post-Separation from Western Digital
- Stock Surge: Since its separation from Western Digital in February 2025, Sandisk's stock has skyrocketed by 4200%, rising from around $40 at listing to approximately $1500, reflecting strong market performance and investor confidence.
- Surging Demand: The massive demand for NAND flash from AI data centers has led to significant price increases for Sandisk's products, with NAND flash prices expected to surge by 234% in 2026, further driving revenue growth for the company.
- Long-Term Contracts: Sandisk secured three multi-year supply agreements worth a combined minimum of $42 billion in the previous quarter, ensuring future revenue streams, and has signed two additional contracts in the current quarter, showcasing its strong competitive position in the market.
- Earnings Forecast Upgrade: Analysts have significantly raised their earnings per share forecast for Sandisk, projecting nearly $172 in EPS over the next few years, which, at a 30x earnings multiple, could push the stock price to $5,160, indicating strong investment potential.
See More
Tech Futures Decline as Oil Prices Exceed $100
- Oil Price Surge: Oil prices have surpassed the $100 mark, intensifying concerns over rising inflation, which has led to a widespread decline in tech futures and shaken investor confidence.
- South Korea News Impact: News from South Korea has triggered losses in Q1 stocks, exacerbating worries about the economic outlook in the region and increasing risk-averse sentiment among investors.
- CPI Inflation Rise: The Consumer Price Index (CPI) inflation has picked up, indicating heightened price pressures during the economic recovery, which may prompt the Federal Reserve to adopt a more hawkish monetary policy stance.
- Market Reaction: The decline in tech futures reflects investor uncertainty regarding future economic growth, particularly under the dual pressures of rising oil prices and inflation, which could lead to increased market volatility.
See More
SanDisk's Stock Soars 550%: Key Drivers and Risks
- Significant Revenue Growth: SanDisk's Q3 2026 revenue surged 251% year-over-year to $5.95 billion, with a 97% quarter-over-quarter increase, reflecting strong demand for NAND memory, particularly from data centers supporting AI applications.
- Drivers of Stock Surge: CEO David Goeckeler highlighted that as AI models scale, NAND memory has become a critical infrastructure component for real-time inference, driving rapid stock price increases and investor confidence in future prospects.
- Investor Sentiment Shifts: Despite SanDisk's impressive stock performance, renowned investor Michael Burry cautioned that parabolic stocks often lead to profit-taking, urging investors to be cautious of current market sentiment to avoid losses during potential pullbacks.
- Cautious Future Outlook: While SanDisk's valuation remains reasonable at 24 times forward earnings, investors should monitor industry dynamics and the company's fundamentals, with a recommendation to wait for a 10% pullback before considering entry to mitigate risks.
See More
Intel's Stock Surge Reshapes Market Position in the AI Era
- Significant Stock Recovery: Intel's stock has surged over 240% since its removal from the Dow, with a remarkable 377% increase since November 2024, now boasting a market cap exceeding $640 billion, making it the 15th largest component in the S&P 500, indicating a strong market rebound potential.
- Market Share Recovery: Through cost-cutting, restructuring, and new management, Intel has achieved growth in its data center and AI segments, particularly driven by increased demand for central processing units (CPUs), highlighting its increasingly vital role in the AI ecosystem.
- Upgraded Earnings Forecast: Analysts now project Intel's earnings per share to reach $1.53 in fiscal 2027, representing a 40.4% increase from 2026's average estimates, providing a clear runway for high-margin growth, although its valuation has significantly risen with a forward P/E ratio of 115.
- Intensifying Industry Competition: Despite Intel's strong recovery momentum, Nvidia's market cap remains eight times larger than Intel's, and its greater influence in the Dow underscores the need for Intel to continue enhancing its competitiveness to potentially reclaim a spot in the index.
See More
Sandisk's Earnings Surge Amidst NAND Flash Demand and Supply Shortage
- Revenue Surge: Sandisk's fiscal Q3 revenue skyrocketed by 350% year-over-year to $5.95 billion, significantly exceeding the consensus estimate of $4.7 billion, highlighting the robust demand for NAND flash amid supply shortages.
- Earnings Improvement: The company reported adjusted earnings of $23.41 per share, a remarkable turnaround from a loss of $0.30 per share in the prior year, surpassing analyst expectations of $14.50, indicating a rapid recovery in profitability.
- Long-Term Contracts: Sandisk signed three long-term supply agreements worth $42 billion last quarter, strengthening its revenue pipeline, and has already secured two new contracts this quarter, reflecting sustained customer demand for its products.
- Positive Market Outlook: NAND flash prices are projected to rise by 234% by 2026, while Sandisk anticipates current quarter revenues of $8 billion, well above the consensus estimate of $6.49 billion, indicating substantial growth potential in the future.
See More
Sandisk's Central Role in AI Ecosystems
- Significant Revenue Growth: In Q3 of fiscal 2026, Sandisk reported a 251% year-over-year revenue increase to $5.9 billion, reflecting strong demand for its NAND flash solutions, particularly in data centers and edge devices, underscoring its critical role in AI infrastructure development.
- Enhanced Profitability: With expanding gross margins, Sandisk's profitability is accelerating, driven by its pricing power, which further solidifies its competitive position in the rapidly growing AI market and is expected to attract more long-term contracts from major developers.
- Stock Buyback Program: Sandisk recently announced a $6 billion stock repurchase program, signaling management's confidence in the company's future trajectory while reflecting its financial flexibility after debt repayment, which enhances investor confidence.
- Debt-Free Financial Position: As of Q3 2026, Sandisk holds zero debt on its balance sheet and generated $4.5 billion in free cash flow over the past year, enabling the company to fund internal investments and continue deleveraging, showcasing a robust financial health.
See More
Sandisk's Stock Soars 4200% Post-Separation from Western Digital
- Stock Surge: Since its separation from Western Digital in February 2025, Sandisk's stock has skyrocketed by 4200%, rising from around $40 at listing to approximately $1500, reflecting strong market performance and investor confidence.
- Surging Demand: The massive demand for NAND flash from AI data centers has led to significant price increases for Sandisk's products, with NAND flash prices expected to surge by 234% in 2026, further driving revenue growth for the company.
- Long-Term Contracts: Sandisk secured three multi-year supply agreements worth a combined minimum of $42 billion in the previous quarter, ensuring future revenue streams, and has signed two additional contracts in the current quarter, showcasing its strong competitive position in the market.
- Earnings Forecast Upgrade: Analysts have significantly raised their earnings per share forecast for Sandisk, projecting nearly $172 in EPS over the next few years, which, at a 30x earnings multiple, could push the stock price to $5,160, indicating strong investment potential.
See More
Tech Futures Decline as Oil Prices Exceed $100
- Oil Price Surge: Oil prices have surpassed the $100 mark, intensifying concerns over rising inflation, which has led to a widespread decline in tech futures and shaken investor confidence.
- South Korea News Impact: News from South Korea has triggered losses in Q1 stocks, exacerbating worries about the economic outlook in the region and increasing risk-averse sentiment among investors.
- CPI Inflation Rise: The Consumer Price Index (CPI) inflation has picked up, indicating heightened price pressures during the economic recovery, which may prompt the Federal Reserve to adopt a more hawkish monetary policy stance.
- Market Reaction: The decline in tech futures reflects investor uncertainty regarding future economic growth, particularly under the dual pressures of rising oil prices and inflation, which could lead to increased market volatility.
See More
SanDisk's Stock Soars 550%: Key Drivers and Risks
- Significant Revenue Growth: SanDisk's Q3 2026 revenue surged 251% year-over-year to $5.95 billion, with a 97% quarter-over-quarter increase, reflecting strong demand for NAND memory, particularly from data centers supporting AI applications.
- Drivers of Stock Surge: CEO David Goeckeler highlighted that as AI models scale, NAND memory has become a critical infrastructure component for real-time inference, driving rapid stock price increases and investor confidence in future prospects.
- Investor Sentiment Shifts: Despite SanDisk's impressive stock performance, renowned investor Michael Burry cautioned that parabolic stocks often lead to profit-taking, urging investors to be cautious of current market sentiment to avoid losses during potential pullbacks.
- Cautious Future Outlook: While SanDisk's valuation remains reasonable at 24 times forward earnings, investors should monitor industry dynamics and the company's fundamentals, with a recommendation to wait for a 10% pullback before considering entry to mitigate risks.
See More
Intel's Stock Surge Reshapes Market Position in the AI Era
- Significant Stock Recovery: Intel's stock has surged over 240% since its removal from the Dow, with a remarkable 377% increase since November 2024, now boasting a market cap exceeding $640 billion, making it the 15th largest component in the S&P 500, indicating a strong market rebound potential.
- Market Share Recovery: Through cost-cutting, restructuring, and new management, Intel has achieved growth in its data center and AI segments, particularly driven by increased demand for central processing units (CPUs), highlighting its increasingly vital role in the AI ecosystem.
- Upgraded Earnings Forecast: Analysts now project Intel's earnings per share to reach $1.53 in fiscal 2027, representing a 40.4% increase from 2026's average estimates, providing a clear runway for high-margin growth, although its valuation has significantly risen with a forward P/E ratio of 115.
- Intensifying Industry Competition: Despite Intel's strong recovery momentum, Nvidia's market cap remains eight times larger than Intel's, and its greater influence in the Dow underscores the need for Intel to continue enhancing its competitiveness to potentially reclaim a spot in the index.
See More
Sandisk's Earnings Surge Amidst NAND Flash Demand and Supply Shortage
- Revenue Surge: Sandisk's fiscal Q3 revenue skyrocketed by 350% year-over-year to $5.95 billion, significantly exceeding the consensus estimate of $4.7 billion, highlighting the robust demand for NAND flash amid supply shortages.
- Earnings Improvement: The company reported adjusted earnings of $23.41 per share, a remarkable turnaround from a loss of $0.30 per share in the prior year, surpassing analyst expectations of $14.50, indicating a rapid recovery in profitability.
- Long-Term Contracts: Sandisk signed three long-term supply agreements worth $42 billion last quarter, strengthening its revenue pipeline, and has already secured two new contracts this quarter, reflecting sustained customer demand for its products.
- Positive Market Outlook: NAND flash prices are projected to rise by 234% by 2026, while Sandisk anticipates current quarter revenues of $8 billion, well above the consensus estimate of $6.49 billion, indicating substantial growth potential in the future.
See More
