Sandisk (SNDK) at 6 Times Forward Earnings, Is a Peak Already Priced In?

Memory chip stocks came under heavy selling last week after China’s CXMT claimed a chip technology breakthrough. Bloomberg reported that traders fear the move will add Chinese memory supply and set off a price war. That fear lands on a company whose recent profit jump came mostly from higher prices. Sandisk (NASDAQ:SNDK), the flash storage […]