“What Makes SNDK "Easy" AI Memory Investment as Demand Remains Parabolic”
SanDisk is an attractive investment in the memory sector due to its low valuation (6.9x forward P/E), growing earnings forecasts, and long-term order visibility through 2030.
Yes, the memory business is still profitable. If you recall, we were on your show about a year ago and we were saying that a lot of money is flowing into all these memory company names, including Micron and SanDisk.
Cash flows remain stable in these companies. If you look at the picture of projected earnings for next year and the coming years, they continue to rise; Even before this video, I had to adjust some of our charts because analysts keep raising their earnings forecasts.
Therefore, we still view the memory sector positively.