SanDisk Up 628% as Hedge Funds Split
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- SanDisk (SNDK) stock has rallied 628%, with shares whipsawing between record highs and sharp pullbacks that have left hedge funds split on the name.
- SanDisk has locked in a $94B backlog and is targeting 80% margins by 2030, per Yahoo Finance.
- Seeking Alpha analysts argue "every bounce looks like a trap" for SNDK, framing the post-rally moves as bearish.
Why it matters: The $94B backlog and 80% margin target by 2030 are the bullish case underpinning the 628% rally, but Seeking Alpha's "every bounce is a trap" framing captures the disagreement that produced the whipsaw — investors weighing a hard fundamental story against extreme momentum and volatility in the same name.
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