SNDK - SanDisk Corporation

Up 2.3% in overnight markets. PEG ratio at 0.1 — extremely cheap. Part of the memory trade alongside Micron. Host notes it's not a 'forever story' but growth is strong in the near term.

SanDisk plays a key role in storage solutions for AI data.

At all-time high of $1,840, doubled since earnings, tripled in 3 months. PE ratio 62x trailing. Spectacular run but no explicit buy recommendation.

Part of the memory layer, builds flash storage. Listed alongside Micron as essential memory providers for AI.

Still held in the portfolio and Aschenbrenner also bought call options on it, showing continued conviction in AI memory and storage demand

Mentioned as a stock that Congressman Ro Khanna previously invested in, which went up 3,000% after his purchase. This is cited as evidence of Khanna's exceptional trading track record, not as a current recommendation.

Tepper bought SanDisk as a new 3% position. Stock is at all-time highs, up 400% year-to-date. Benefits from the same memory bottleneck and commodity price increases as Micron. Host personally avoids it due to cyclicality but acknowledges Tepper's conviction.

Tepper initiated a new 3% position in SanDisk. The stock is at all-time highs with 400% YTD performance. Benefits from the same DRAM/memory bottleneck driving commodity prices up. Company is now printing cash after years of cyclical losses.

Referenced as a missed opportunity — people didn't buy when it was $47, now nearly $2,000. Used to illustrate the wealth creation potential of early tech investing.

Collapsed from $1,600 to below $1,300. A drawdown to the identified support area would be 43%, with potential to reach 50% given higher volatility.