SNDK, SMCI and WDC Forecast – AI Data Centers in Focus

SNDK Technical Analysis

SanDisk looks like it’s going to rally yet again as we are in a bit of an ascending triangle, but we have also seen SanDisk just take off this year due to the expanding artificial intelligence play. In this case, we’re talking about memory for data centers.

This is a hot stock, and it looks like we are going to jump quite a bit at the open, perhaps making another attempt to get to the $700 level. Buying on the pullbacks would be one way to play this as well.

SMCI Technical Analysis

Super Micro Computer, of course, continues to see the noise that has been just above the $30 level play out as I think we’re trying to form some type of basing pattern.

If we can get above the $35 level then it allows the market to truly rise perhaps going towards the 200-day EMA. I think eventually that happens, but it looks like we’re going to be just a touch soft at the open. Shorter-term pullbacks should end up being a buying opportunity.

WDC Technical Analysis

Western Digital looks like it’s going to jump a bit at the open as well as we continue to challenge the $300 level, an area that obviously has a lot of psychology attached to it and an area that we haven’t been able to close above quite yet.

I do think that’s coming. This is a market that’s been consolidating after a huge move higher which makes a certain amount of sense. We’re just trying to build up the next wave of energy to break to the upside. I have no interest whatsoever in shorting this market.