Citron is Short $SNDK — They Don't Ring a Bell at the Top
We don't need Anthropic to announce they're making NAND. Samsung is already the 800-pound gorilla, and they've been running this playbook for 30 years.

While TV pundits pound the table herding retail into cattle cars, Western Digital, the long time investor, sold a significant portion of its holdings days ago, 25% lower.

Ask yourself why. Because they know the cycle is approaching a peak, and they're not waiting for the bell.

The market is pricing SanDisk like it's $NVDA. There's one problem: NVIDIA has a moat. SanDisk sells a commodity.
We've seen this movie before 2008, 2012, 2018. It's never different this time. Memory is a cycle, and cycles peak.
Samsung has a 30-year history of choosing market share over margins. They wait for pure-plays like SanDisk to get comfortable at 50% gross margins, then flip the switch. But this time it's worse. Every $SNDK bull should read attached article Samsung just told the world they won't sell anything under 50% margins and they're moving their best chips into the same premium SSD market SanDisk calls home. They're not just the capacity gorilla anymore. They're going after SanDisk's best customers with cheaper, newer technology. And the only thing keeping supply tight right now? Samsung's temporary yield problems in another product line.
That bottleneck has an expiration date.

With double the capacity of the 2018 peak waiting in the wings, this "shortage" is a supply mirage that can vanish in a single earnings call.

Hockey shout-out: Shorting $SNDK is skating to where the puck is going. By the time the cycle normalizes, this stock will already be much lower.

https://x.com/citronresearch/status/2026304998146015681?s=46&t=GrsizR0Y2dZ3Q30UitZoyw

塩漬けマン＠投機ブログ @shiozukemann
now
チャッピーに翻訳してもらったらこんな感じ

注目リスト（2026年2月24日）
スバル株式会社（SUBARU Corporation）
富士航空技術株式会社（FUJI Aerospace Technology Co., Ltd.）
ENEOS株式会社（ENEOS Corporation）
運輸機工業株式会社（Yusoki Co., Ltd.）
伊藤忠航空株式会社（ITOCHU Aviation Co., Ltd.）
レダ・グループ・ホールディングス株式会社（Leda Group Holdings Co., Ltd.）
東京科学大学（Institute of Science Tokyo）
三菱マテリアル株式会社（Mitsubishi Materials Corporation）
ASPP株式会社（ASPP Co., Ltd.）
八洲電機株式会社（Yashima Denki Co., Ltd.）
住友重機械工業株式会社（Sumitomo Heavy Industries, Ltd.）
TDK株式会社（TDK Corporation）
三井物産エアロスペース株式会社（Mitsui Bussan Aerospace Co., Ltd.）
日野自動車株式会社（Hino Motors, Ltd.）
トーキン株式会社（Tokin Corporation）
日新電機株式会社（Nissin Electric Co., Ltd.）
サンテクト株式会社（Sun Tectro Co., Ltd.）
日東電工株式会社（Nitto Denko Corporation）
日油株式会社（NOF Corporation）
ナカライテスク株式会社（Nacalai Tesque, Inc.）

たかぴー @stock_unknown
1m
何回読んでも人工ダイヤ関連はデメリット感はあるんだが、分かっていながらここまで相場やってるからなあ。

ｗｗｗ

Nathan @Nathan9983
55s
ルネサス前場に出てたけどな



たかぴー @stock_unknown
1m
🚨【速報/日経速報】半導体

ルネサス、米GFと次世代車向け半導体 日本へ技術移管も