Sandisk Corp (SNDK.O) MU Read-Thru: NAND Now Tight Thru CY28; Reit. Buy on S/D Fundamentals CITI'S TAKE MU Read-Thru – Micron (covered by Atif Malik) reported better-than- expected results and guidance amid robust AI demand. Sequentially, NAND revenue +42%, B/S +10% as prices increased ~30% (vs Consensus +20%qq/Citi +34%qq), on tight NAND conditions. Mgmt expects Micron NAND supply to grow less than industry supply growth in CY26. For CY27/CY28, expect industry NAND bit shipments to grow mid-20s% range and ...