u/Sharp_Blackberry_902

Micron Technology (MU) has a massive breakout today that a lot of traders are chasing, but what they might not be aware of, is the stock is trading 2.4 standard deviations above its 50-day moving average, 2.7 standard deviations above its 20-week moving average, nearing an almost a near-unattainable 3 standard deviations from its 20-day moving average. Sure, it is in a hot sector (technology) and the industry (semiconductors) no one can seem to get enough of, but since the beginning of April, this stock is up nearly 200% and trying to get in at these levels, could be a horrible idea. But many are doing it because today alone, MU has more net call premium than QQQ and SPY combined. It is the most sought after call at the moment. Essentially, people are flooding this stock at its most overextended moment.

But this report is about far more than just Nvidia.

Its results are viewed as a key barometer for the entire AI supply chain and could move sentiment across chips, memory, networking, servers, cooling and power infrastructure.

SanDisk (SNDK.O): Two research reports have issued ratings for this stock in the last 90 days, one with an "Overweight" rating and one with a "Buy" rating. The average target price from institutions over the past 90 days is $1565. Latest institutional research report views: SanDisk FY2026Q3 Quarterly Report Review—Signing 5 NBM Cooperation Agreements, Continued Prosperity (CITIC Securities, 2026-05-11); Sandisk Corporation (SNDK.US) Performance Far Exceeds Guidance, Long-Term Contracts and Data Centers Drive Valuation Paradigm Reassessment (Xingye Securities, 2026-05-09).

Moomoo's pre-market focus is on the most anticipated AI memory boom story of fiscal year 2026. The market is closely watching Nvidia's upcoming earnings report to assess the explosive profit potential of its supply chain and Micron's high-bandwidth memory (HBM).

The current price has been hovering around 1500.

You should learn from MU and see how fast they grow.

"We're from the government, and we're here to help."

Back in the 1980s, this was the punchline to a Ronald Reagan joke: "What are the nine most terrifying words in the English language?" It's gaining currency today on worries global governments may impose windfall profits taxes on AI companies.

Sandisk (SNDK7.96%) stock is suffering in response, its shares down 5.8% through 10:20 a.m. on worries government is about to kill the golden AI goose.

I think everyone is already very familiar with MU. Let’s talk about SNDK today.

SNDK is significantly undervalued. FY2026 forward PE is only 12. Find me company growing 260%, crushing earnings, and 80% margins with significant pricing power with significant demand for a PE ratio of 12. SNDK is severely undervalued and this is just the beginning. It will take a few days for idiots to realize this

SNDK used to be part of WDC which is trading at 24x forward P/E even though Sandisk is arguably a better company with faster growth potential. Micron is at 30x. Sandisk fair price is $3k-$4k and will reach there in a few days as people are just starting to realize this.

SNDK has zero debt and bought back $6 bn in stock. Management is investing all their wealth into the stock. Heard from customers that SNDK will increase pricing by 50%, but customers will purchase as the winner in AI will take all the market Share. If that doesn't scream management confidence, I don't know what it is. ------From a friend on my Reddie forum

Don't worry about what others think. Trust your own judgment.