$Sandisk(SNDK.US)I wonder if everyone held on through last night's shakeout. This is SanDisk—during the shakeout, it plummeted 15 points straight, and the market makers were licking their chops picking up blood-stained chips. Google's earnings guidance indicates AI investment will double by 2026. While Micron focuses on high-end HBM memory, only SanDisk in the U.S. can provide a warm home for Gemini. SanDisk's next phase of takeoff has only just begun. Yangtze Memory's expansion is nothing but smoke and mirrors from the market makers. The U.S. and Western ban on Yangtze Memory has never been lifted. Since it can only be sold in mainland China, it has no impact on the U.S. market. Maybe Yangtze and CXMT will benefit from China's AI catch-up in the future, but unless the ban is lifted, they will never affect the giants already at the table.

The surge in U.S. memory stock profits is due to contract market prices rising over 40%, sales only increasing, and revenue growing significantly—all driven by massive AI investments by major players, not the doubled-priced RAM sticks and hard drives in your shopping apps. These belong to the spot market, now inflated by scalpers, with prices up 300%-400%, dismal sales, and sharply reduced revenue (the money all goes to scalpers; for memory manufacturers, spot market prices are the same as contract prices, but sales have collapsed). Additionally, due to policy reasons, mainland China's AI infrastructure has always used Yangtze and CXMT. U.S., Korean, and Japanese memory makers never had a seat at the table. The absence of cheap domestic memory and hard drives in the market is because their capacity has been requisitioned by the state. At best, Yangtze and CXMT's expansion can only affect the mainland spot market, dealing a blow to scalpers.