"SanDisk CEO: Why did $SNDK surge 34x in a year? 1. The second half of AI is all about inference, not training When large model training shifts to inference, the demand for SanDisk undergoes a qualitative change, especially in scenarios like KV Cache (key-value caching), which benefits flash memory. As conversations get longer and user numbers grow, HBM and DRAM can no longer handle the load, forcing some data to be stored on NAND and SSD. Nowadays, context sizes easily reach 128K or even 1M tokens, and with long-term tasks from AI agents, SanDisk's position has suddenly become critical. 2. Chips aren’t sold quarterly anymore! Previously, customers would negotiate prices every three months. Now, SanDisk is standing firm: Want the goods? You need to commit to long-term orders! This smooths out cyclical fluctuations. 3. SanDisk is the must-have hard asset of the AI era Ever since breaking away from WDC and becoming fully independent 18 months ago, SanDisk has been undergoing a transformation—from a cyclical stock to an AI stock. Wall Street didn’t get it before, but the value re-evaluation has only just begun! #AI #SanDisk #SNDK #TechStocks #NAND #SSD #KVCache #AIRevolution