Sandisk Corporation (NASDAQ:SNDK) was among the stocks Jim Cramer discussed while explaining how investors can navigate the current market rotation.
Cramer highlighted the stock’s run over the last year, as he remarked: Sandisk, that stock’s up more than 3,000% over the past 12 months
Even up here, it only trades at just 20 times this year’s numbers, but that may be too expensive versus Micron. Gotta let it come down more than today’s 5% decline. Sandisk Corporation (NASDAQ:SNDK) sells NAND flash-based storage solutions, including solid-state drives, embedded storage, removable cards, and USB drives.
Cramer discussed the stock during the May 6 episode, as he commented: Right now, I think some people are getting the message at last that the computing AI revolution represents perhaps the greatest single trend of our lifetimes. Yet all I ever hear is people trying to talk you out of participating in this Manna from heaven machine. It’s too hard to stick with the winners long enough to make yourself rich because the critics always talk about how ephemeral the moves are, how dangerous they can be, or how much you’re going to lose if you don’t trade in and out.