Hynix's record KRW 104.6T revenue / 83.3T op profit and Samsung's doubled guidance to KRW 195T / 107.4T have reignited the memory super-cycle thesis, lifting Hynix 13.3%, Micron 5.86%, and SanDisk 7.66%. SanDisk reports Friday morning Beijing time with street expecting $10.85B revenue and $47.15 EPS above guidance — the baton is his to drop. A true confirmation for the cycle to run further needs higher HBM/NAND pricing, not just shipments, plus a raise in Q1 outlook and no sign of supply flood. At these prices, the reward is there but so is the risk if SanDisk only meets and doesn't beat-and-raise.
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