SNDK Stuns Markets in Earnings & Guidance Over "Unprecedented Demand"

• SanDisk (SNDK) reported Q2 adjusted EPS of $6.20 vs. $3.54 (est.) and revenue of $3.03B vs. $2.67B (est.), with all revenue segments showing strong quarter-over-quarter growth.
• SNDK stock surged over 12% after earnings, with multiple analysts raising price targets significantly, some even doubling them, citing 'unprecedented demand' and 'structural imbalance' in the NAND market.
• A short-term options trade for SNDK was suggested, involving a put backratio strategy to potentially benefit from a slight pullback or collect premium if the stock remains high, with a breakeven at $485.

The video discusses SanDisk's (SNDK) blowout Q2 earnings, which significantly surpassed analyst expectations, leading to a massive rally in its stock and multiple analyst price target upgrades. The memory stock rally is attributed to tight NAND supply, accelerating demand, and improved product mix. While the short-term outlook for SNDK is cautious, the long-term prospects for the memory sector remain strong.