https://preview.redd.it/3i6kgur9rtjg1.png?width=856&format=png&auto=webp&s=7ba065f13a048ee1b68140270f08209902874d2e
The increase in ASP is really unbelievable.
Discipline - Sandisk has been selling basically the same amount of bits for the last several quarters. It can sell more but choose not to
Starting in 2027, HBF revenue could be extremely significant, but it's still too early.
Down cycle will eventually come, but it is unlikely before 2028 IMO.
Target PE 15\*$60 EPS power = $900
Risk - High