Sandisk Corporation (SNDK) Presents at Barclays 23rd Annual Global Technology Conference Transcript
The year is winding down and the S&P 500 has climbed 17% in 2025, hovering just shy of its all-time high amid robust economic growth and steady corporate earnings.
For investors seeking exposure to the ongoing AI infrastructure buildout, these stocks stand out as high-conviction ideas.
SanDisk (NASDAQ: SNDK), recognized as a frontrunner in flash memory and solid-state storage, finds itself in a precarious situation as it approaches 2026. The current trading price of the stock is approximately $210, which has dramatically increased by 5x this year, largely due to a rebound in NAND pricing and favorable expectations surrounding AI-related storage demands.
Shares of Sandisk climbed Friday as the data storage company joined the benchmark S&P 500 index.
SanDisk (SNDK)'s stock jumped over 300%, in three months, driven by consistent revenue increases as well as a significant change in investor outlook. An outstanding earnings surprise, entrance into the S&P 500, and excitement surrounding innovation and demand led to a growth that's altering the conventional approach.
SanDisk Corp (NASDAQ:SNDK) enters the S&P 500 Index (SPX) today.
In a remarkable display of corporate momentum, SanDisk Corporation NASDAQ: SNDK has secured a coveted spot in the S&P 500, Wall Street's premier stock market index.
Sandisk Corp. presents a fresh entry point after a significant pullback, despite leading memory chipmaker returns since its split from Western Digital. SNDK's Q1 2026 results highlight robust revenue growth, margin expansion, and strong performance across Data Center, Edge, and Consumer segments. The NAND and memory price rebound is in early stages, with disciplined supply cuts and rising demand from AI and HPC driving profitability for SNDK.
Another deal has created space for a shake-up in the S&P 500, which is now set to welcome one of the year's hottest stocks.
Sandisk Corporation remains a Strong Buy despite recent profit-taking and a sharp stock drop unrelated to fundamentals, which continue to improve. SNDK delivered strong Q1 results, with sales up 21% year-over-year, margin improvements, and robust guidance above analyst expectations for the next quarter. Growth is driven by AI and data center demand, new product innovation, and hyperscaler partnerships, while valuation remains attractive with a low forward PE.
The average of price targets set by Wall Street analysts indicates a potential upside of 34% in Sandisk Corporation (SNDK). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.