TradingKey – SanDisk starts September with SNDK at $1,566.70 which is almost exactly at the $1,567.70 chart reference supplied, after a further hit due to the AI memory trade. The latest news is the USD$31 billion + plan with Kioxia to invest in Japan by 2032. Combined with record earnings, tight NAND pricing, and demand for data services, the news helps tell the growth story, but with the jump in bond yields, there is valuation risk.
$31 Billion Japan Expansion Extends the AI Storage Cycle
On August 27, SanDisk and Kioxia announced that they plan to invest roughly 5 trillion yen or USD$31 billion in Japan through 2032 assuming government support. This investment will fund their joint ventures in Japan and support their partnership in…
