Jim Cramer Reviewed 5 Stocks, Including IBM and Caterpillar, After the Relief Rally

3. Sandisk Corporation (NASDAQ:SNDK)

Sandisk Corporation (NASDAQ:SNDK) is among the stocks Jim Cramer reviewed while discussing the Iran ceasefire that triggered a relief rally. Cramer mentioned the company while discussing the memory shortage theme and commented:

We have a cluster of names that have become a fixture and not a good one. I know controversial, but Sandisk, Lam Research, Western Digital, Seagate, these are all techs of a certain sort, ones related to memory, a low-tech portion of the cohort that happens to be in high demand happens to be in shortage. You need memory in the data center, tons of it. People didn’t see it coming. Sandisk and Western Digital make the stuff. Lam Research makes the equipment that makes the memory. So the demand for that is off the charts.

What’s the matter with that? Simple. We want the data center to grow, but we want it to grow by putting bigger and better equipment into the warehouses full of servers. I regard Western Digital and Sandisk as a tax on the system. They can just keep raising rates because there’s not enough supply. Low intellectual property that makes building data centers more expensive that makes the user pay more. Fortunately, on the upswing, there are some high intellectual property fiber optics and networkers further down the new high, the large gain list, but not enough to counteract the pernicious nature of the endless memory shortage. Okay, look, I want to see NVIDIA on that list, not Sandisk; it’s not happening.

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