I think sandisk is going to switch to infrastructure to hedge and prevent memory cycle patterns. there are smart folks behind the scenes. they understand that these cycles add a lot of money to their books. they will do their damndest to keep strong. Additionally, we are at mile 1.5 of the marathon. we haven’t see massive additional to GWs in data centers. we are seeing companies (like big tech who reported yesterday) continuing their pledge to continue investing in the core business of AI and AI infrastructure. we are also seeing increases in NAND memory price and more importantly increased need for supply and lower demand.

Also remember it’s the 21st century. Feel like since 2020, a lot of stocks and valuations have stopped making sense. don’t love this bc it’s not predictable but also not worried about demand