TREE NEWS reports: Trader Serenity said on X that Elite Semiconductor Memory Technology (ESMT) could replicate SanDisk’s (SNDK) strong performance in coming months. With monthly net profit around $111 million based on July results and a market cap of about $2.8 billion, ESMT’s valuation still has room for rerating, focusing on traditional and niche storage. A DDR2 chip costs about $0.96 now; if ASP triples, per-chip cost rises about $2.
Serenity: ESMT may mirror SanDisk rally, storage chip upside remains
AI take
The comparison to SanDisk frames ESMT as a potential laggard in a storage upcycle, with the market cap and profit figures suggesting the rally is not yet fully priced. The focus on legacy DDR2 highlights a niche segment where supply tightness could drive outsized margin gains if pricing follows the trajectory implied. The open question is whether ASP increases of that magnitude are realistic across the product mix, and whether broader demand sustains the rerating beyond a single trader's call.
Generated by AI for reference only.
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