⚡️ Friends, SanDisk ($SNDK ) really has people fooled. Last year, it was still a subsidiary of Western Digital, dragged down by HDDs, valued as a cyclical stock, roughly 10 times PE, just getting by.
In February this year, it split off and went public independently, and the change was dramatic. In less than 15 months, from a few dozen dollars to over 1,500, market cap broke 200 billion, surpassing its parent company. The increase this year is nearly 500%, while neighboring NVIDIA only rose about 70%.
Last week’s earnings report showed revenue up 251% year-over-year, gross margin at 78.4%, earn
View Original