Posteo
shayan Anwar
NFP is coming, SanDisk will move big before that. But the real catalyst is the October rate hike meeting after NFP. Hike odds jumped from 50% to 70% - that's deadly for US tech.
The longer rates stay high, the more AI hype stocks get crushed. Story stocks like SanDisk are the first to get dumped.
NAND inventory is at 13 weeks, near pandemic highs. Distributors are cutting prices for cash, spot is now below contract. Consumers can't afford it, demand is fading.
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