TradingKey – As of June 25, Sandisk Corporation (NASDAQ: SNDK) hit $2,150.89, hovering within an ascending black channel on the 2H chart above the $1,790.65 2H chart EMA200, right after Micron reported its 3Q26 earnings with $41.46 billion in revenue growth of 346% YOY and 84.6% gross margin, along with a 4Q guide of $50 billion with margins around 86%. Micron’s results underscore that the NAND and HBM supply crunch that precipitated Sandisk’s 3Q results, which saw $5.95 billion in revenues growth of 97% sequentially, EPS of $23.41, 4Q guidance of $7.75-$8.25 billion in revenues and non-GAAP EPS of $30-$33, is far from easing. 

Sandisk is the number one-performing component of the S&P 500 for the calendar year 2026 with YTD returns of…