Serenity: ESMT may mirror SanDisk rally, storage chip upside remains

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.