WHY SANDISK COULD DROP TO DOUBLE DIGITS NAND memory is heading into oversupply. What does that mean for Sandisk stock? Sandisk is already down about 64%, from its $2,354 record in June to $835 on Friday. A NAND glut could take it much lower, from $800+ down to the $50-80 range. Why oversupply? China. YMTC is set to raise its NAND wafer output by about 24% next year, while Samsung adds less than 2%. Meanwhile phones and PCs are selling poorly. TrendForce said on Nov 5 that Chinese capacity is flooding the market and module makers are dumping stock. NAND wafer spot prices are already down 30% since March.
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