SNDK after hour sell is a head scrather. Even bear case modelling says 2k target minimum. I don't know what kind of retardness is this
Here are the key notes from the SNDK earnings call:
\- Demand Visibility: Strong demand visibility month-over-month for the next 4+ years (through the end of the decade).
\- Supply Commitments: Half of the 2027 supply and two-thirds of the 2028 supply are already spoken for.
\- Market Growth: The NAND market is projected to grow to $500 billion in 2027, up from $300 billion in 2026. SNDK holds 13% share.
\- Long-Term Agreements (LTAs): There are 5 new LTAs (3 new and 2 expanded, bringing the total to 8 at $100 billion). These new LTAs have at least an 80% margin floor, allowing c potential upside.
\- Executive Engagement: CEOs and CFOs are deeply engaged in these LTA discussions rather than traditional supply chain personnel. The CEO noted he has never seen this level of executive engagement in his 35 years in the industry.