Key Points
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Billionaire investor Stanley Druckenmiller sold his entire position in SanDisk and initiated a new position in Amazon during the fourth quarter.
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SanDisk’s revenue surged 61% to $3 billion, assisted by a supply shortage in memory chips, while Amazon reported its fastest cloud sales growth in 13 quarters at 24%.
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Analysts expect Amazon’s earnings to grow 19% annually through 2028, with a current valuation of 30 times earnings, while SanDisk trades at 75 times adjusted earnings amid a cyclical memory market.
