Recently, bearish notes and rumors on NAND appear to be circulating, particularly out of China, along with negative news related to QLC price negotiations.
A few points are worth clarifying.
It should come as no surprise that SanDisk would sign an LTA with Meta at a price below its initial quote. Among NAND manufacturers, SanDisk is the most proactive in securing LTAs and plans to allocate more than 50% of its total volume to such agreements. Given this strategy, SanDisk is clearly willing to accept LTA pricing below the prevailing quarterly contract price.
Accordingly, I believe it is unreasonable to extrapolate from this that SanDisk cannot seamlessly redirect the entire volume to higher-paying North American customers.
Chinese module makers were reportedly turned down when they attempted to sell more eSSDs to Chinese CSPs. My understanding is that this is because Chinese CSPs have direct procurement channels with YMTC.
There have also been recent reports that hyperscalers are pushing back against QLC eSSD prices, leaving some volume unabsorbed. However, my understanding is that neocloud providers have sufficient demand to absorb this volume.
With memory stocks performing poorly, negative headlines seem to be gaining even more traction. I remain bullish on memory.
God gave me life.
He gave me two loving parents.
He gave me an amazing wife.
He gave me so many great family and loved ones.
He gave me a fulfilling career of helping to restore people's lives and families.
He gave me a platform to testify of His incredible love and mercy.
He gave His only Son to die for my sins.
He patiently loved me, even in my rebellion.
He gave me a desire to turn to Him in faith and give my life to Him.
He set me free to do good works in His Name and share His Gospel, until the day I leave this life and join Him in Heaven for eternity.
He gave me everything.
He's given you everything too. If you haven't given Your life to Him, I encourage You to do so. It'll be the best decision you ever make.
Thank You, Lord.
Everything makes sense when you consider the following seven immutable truths:
1. A large majority of native-born Americans strongly oppose Democrat policies.
2. The only way Democrats can win national elections is to import new voters, both legal and illegal.
3. The way to ensure that the newly-imported voters vote Democrat is to give them free stuff, whether via fraud or legal wealth redistribution, or both.
4. Trump’s efforts to deport illegals are therefore an existential threat to the Democrat Party and its policies.
5. Because of the foregoing, it is imperative to Democrats that they shut down ICE operations.
6. A key factor in the attempt to shut down ICE operations is to create martyrs.
7. Dead SUV Karen is a martyr. Deep down they are glad she is dead, because they NEED her to be dead.