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Jim Cramer Says Demand for Product By Memory Companies Like Sandisk Is “Off the Charts”

Sandisk Corporation (NASDAQ:SNDK) between Jim Cramer reviews stocks as Iran discusses ceasefire that triggers relief rally. Cramer mentioned the company when discussing the theme of memory deficiency and commented:

We have a group of names that are not good and have become a fixture. I know it’s controversial, but Sandisk, Lam Research, Western Digital, Seagate, they’re all certain types of technologies, memory-related ones, there’s a shortage of the low-tech part of the group that’s in high demand. You need tons of memory in the data center. People didn’t see this coming. Sandisk and Western Digital do this. Lam Research produces the equipment that creates memory. So the demand for this is unusual.

What’s wrong with this? Simple. We want the data center to grow, but we want it to grow by putting bigger and better equipment in warehouses full of servers. I see Western Digital and Sandisk as a burden to the system. They can keep raising rates because there isn’t enough supply. Low intellectual property makes it more expensive to build data centers, causing the user to pay more. Fortunately, there are some high-intellectual fiber optics and networkers on the rise, further down the list of new high, big wins, but not enough to negate the detrimental nature of the infinite lack of memory. OK, look, I want to see NVIDIA in this list, not Sandisk; It isn’t happening.

Sandisk Corporation (NASDAQ:SNDK) sells NAND flash-based storage solutions that include solid-state drives, embedded storage, removable cards and USB drives.

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