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🚨 SanDisk Is Effectively Challenging the “NAND Price Crash” Thesis SanDisk’s latest long-term outlook is sending a strong message to the market: the company is not expecting a major collapse in NAND pricing. 📊 SanDisk’s 2028–2030 Long-Term Targets • Revenue growth: 15–19% annually • Non-GAAP gross margin: ~80% • Operating margin: ~75% • Free cash flow margin: ~50% • Shareholder returns: 100% of free cash flow after investment The most interesting part is the relationship between revenue growth and bit shipments. If both are expected to grow at roughly similar rates, it implies that SanDisk is not modeling a significant decline in NAND average selling prices. That directly challenges the prevailing market narrative, which has been expecting NAND prices to fall by double-digit percentages annually. Meanwhile, Bloomberg Intelligence analysis suggests NAND pricing strength could potentially continue through at least the first half of 2028, supported by tight supply and long-term customer agreements. If these assumptions prove accurate, the current memory cycle may be turning into something much bigger: Not just another short-term memory rally, but a longer and stronger supercycle than the market originally anticipated. 🔥 The real question now is whether supply expansion can keep pace with AI-driven demand without triggering the traditional memory-cycle collapse. $SNDK $MU $SKHYNIX #CPIPPIEaseFedSplit #SP500Nears8000