Jim Cramer Highlights Sandisk One of the Storage Plays “That Had Been Red Hot But Suddenly Turned Ice Cold”

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Sandisk Corporation (NASDAQ:SNDK) is one of the stocks Jim Cramer recently shed light on. During the episode, Cramer highlighted Sandisk as one of the stocks that set the tone for the market before NVIDIA moved. He stated:

“Yesterday, everyone thought the only tell was, matter was NVIDIA, right? Well, when it turned down, they thought it was the end. That was wrong. What actually led us down yesterday were the stocks of Micron and Sandisk, two plain vanilla tech storage plays that had been red hot but suddenly turned ice cold. They plummeted, and then and only then did NVIDIA give up the ghost. So I knew to watch the action in those two as a prelude to any rally…

Photo by Chris Liverani on Unsplash

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

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Disclosure: None. This article is originally published at Insider Monkey.