Sandisk is investing $1 billion in Nanya Technology in connection with a multi-year supply arrangement with the Taiwan chip maker.
Sandisk's data center surge, unmonetized pipeline and multiyear supply deals give it an edge over Analog Devices in the AI infrastructure race.
Shares of memory storage firm Sandisk (NASDAQ:SNDK) have continued to win in 2026, adding another 155% gain to its explosive multi-year rally.
SNDK's data center surge, fueled by AI-driven SSD demand, is reshaping its revenue mix and boosting growth visibility as momentum builds.
Sandisk is benefiting from multiple supply shortages driving pricing and demand higher. Its revenue is accelerating and gross margin expanding as it takes advantage.
Sandisk (NASDAQ:SNDK) stock is down 5% in Friday afternoon trading, with shares falling below $740 after closing Thursday at $772.09.
Sandisk Corporation has surged 668% in six months, driven by AI-fueled NAND flash demand and robust earnings momentum. SNDK's gross margins have soared above 50%, with management guiding for 65–67% next quarter and highlighting multi-year customer agreements for demand visibility. Consensus FY2027 EPS of $86 positions SNDK at 7.7x earnings, supporting a defensible $750–$850 price target despite recent stock run-up.
AI infrastructure plays, EV names and power-demand beneficiaries led last week's large-cap winners list, with Nebius, Micron and NIO posting standout gains.
SanDisk (NASDAQ:SNDK) is climbing roughly 6% in Friday trading, with shares touching $655 as of midday.
Sandisk has surged over 1,150% year-over-year, yet remains undervalued as AI-driven memory demand structurally alters traditional cyclicality, extending the current bullish industry growth phase. Management is aggressively transitioning hyperscale customers to multi-year long-term agreements, providing unprecedented revenue visibility and protecting against the 80% earnings drop currently feared for 2029. The shift toward AI inference requires massive NAND flash scalability, with Nvidia's Vera Rubin systems potentially driving demand toward 115 million terabytes by fiscal 2027.
Sandisk specializes in NAND flash storage, which are mission-critical components in AI data stacks. The stock has soared by more than 1,600% in the last year, but its rally could be sustained thanks to hyperscalers' rising AI infrastructure investments.
SNDK stock has soared over 1,100% in a year as AI-driven NAND demand lifts its outlook, but a rich valuation and high sales multiple are raising timing concerns.