For me, the $Sandisk(SNDK.US) story is interesting, but I would not chase the stock simply because Wall Street raised the target. AI memory demand is clearly a strong long-term theme, and SanDisk is benefiting from the growth in data-center storage, HBM and AI infrastructure. At the same time, memory is still a cyclical business, so a very high price target also comes with very high expectations. I would rather watch earnings, pricing and demand trends than follow a target price blindly.
I also understand why Burry is taking the opposite side, especially with memory and semiconductor valuations having moved so strongly. Personally, I am more comfortable staying invested in the semiconductor theme through pullbacks and gradual accumulation rather than trying to predict the exact top. For me, the key question is not whether SanDisk can rally further, but whether AI-driven memory demand can remain strong enough to support the current cycle.
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