Core Insights - Sandisk Corporation (NASDAQ:SNDK) is highlighted as a strong investment opportunity due to its significant price increase and market position in the tech storage sector [1][2] - The company benefits from supply constraints, allowing it to raise prices, which is a critical advantage in the industry [2] Company Overview - Sandisk manufactures data storage devices and solutions utilizing NAND flash technology, including solid-state drives, embedded storage, removable cards, and USB drives [2] - The company is part of a group of strong stocks in the market, alongside Western Digital and Seagate, all of which are essential for the growing data center demand [2] Market Dynamics - The current market conditions show that when supply is constrained and demand is high, companies like Sandisk can significantly increase prices, which has not been possible in previous years due to oversupply [2] - The pricing power of Sandisk and its peers is emphasized as a major factor for their recent success in the market [2]
Jim Cramer on Sandisk: “I Don’t Like to Recommend the Ones That are in Parabola Mode”