Seeking Alpha
13 Oct 2026, 18:42 UTC · 1h ago
Sandisk: The First Crack In The Memory Supercycle
Impact · against what's priced in
The news of CXMT's technological breakthrough introduces a potential headwind for memory pricing, but it is not yet a catalyst for a price adjustment. Sandisk's price already treats its multi-billion dollar contract floor as a given, and Micron's valuation remains focused on near-term HBM3E dominance.
- MU−0.20
Challenges what's priced in
- The price assumes
Sustained pricing power and margin expansion beyond 2027
CXMT's breakthrough in chip technology that rivals Samsung suggests a future increase in high-end NAND supply from China, which could erode the pricing power the market currently declines to pay for beyond 2027.
What MU's price assumes · Sep 9
