SNDK - SanDisk Corporation

Gareth plans to start a small long position at $11.80, with add levels at $10.50 and $10.00 or at converging trend lines and 50% Fibonacci retrace. He expects a 20-30% bounce.

Momentum play to the upside if it breaks above $16.45; potential continuation.

Memory/semiconductor stock that has been on sale with massive sell-offs, part of the semiconductor positioning for second half of year.

SanDisk is experiencing the same parabolic move as Micron due to massive memory demand.

The host explicitly states he does not want to look at SanDisk, indicating he is not recommending this memory stock.

Up 18-20% on Micron's earnings, approaching all-time highs. Benefiting from memory bottleneck thesis.

SanDisk is mentioned as up ~12.5% on Micron's earnings news, approaching $2,000/share. No specific analysis provided.

Caught up in Korean ETF selloff despite being an American company. Same memory thesis as Micron — demand outstripping supply, AI-driven. CEO Sanjay Mehrotra described as a 'goat tier' entrepreneur who also founded SanDisk.

Host notes SanDisk is up 11.4% and has returned 4,500% over one year, with buyers in May up 6,300%. He does not give a specific recommendation but highlights the remarkable performance.

Mentioned as a large component of DRM that is seeing profit taking. Memory chip stocks are overextended.