"White-Haired Stock God" Serenity: ESMT May Mimic SanDisk's Rally, Storage Chip Price Hikes Still Have Room

September 9 news, "White-Haired Stock God" Serenity posted on X platform, expressing optimism about storage chip maker Elite Semiconductor Memory Technology's performance over the coming months, suggesting its trajectory could replicate SanDisk's (SNDK) strong rally. Based on July results, ESMT's monthly net profit is approximately $111 million, with a market cap of about $2.8 billion, leading to the view that its valuation still has significant room for re-rating. The current situation resembles early-stage SanDisk, but the opportunity here is mainly concentrated in the traditional and niche storage market. Serenity noted that a single DDR2 storage chip currently costs about $0.96, and if ASP (average selling price) triples, the cost per chip would increase by roughly $2.