Wall Street can usually agree on a stock to within a few percentage points. On memory maker Sandisk (SNDK -10.79%), it can't come within $1,430 -- at least that is the case for two analysts.
This week, Susquehanna trimmed its price target on the stock to $3,050 from a prior $3,250 and kept its positive rating. Wells Fargo went the other way, raising its target to $1,620 from $1,250 -- and still declined to recommend buying the shares.
With the stock around $1,600 as of this writing, one firm is saying Sandisk could nearly double within a year. The other is saying today's price is already just about right. They can't both be right, and the gap between them maps the entire debate over arguably the hottest stock of the past year.
That heat is worth restating. Sandisk's 52-week range runs from $40.10 to $2,354.39. At its peak, the stock had traded as much as 58 times higher than its low. Nothing about a move like that is normal, and neither is the disagreement it left behind.
Image source: The Motley Fool.
What the $3,050 side believes Susquehanna's case rests on the idea that this memory cycle is different. NAND flash memory (the storage chips Sandisk makes for phones, PCs, and data centers) has historically been a brutal boom-and-bust business.
The bulls argue that the AI (artificial intelligence) build-out has changed the demand side of that equation. AI inferencing workloads are consuming more storage, suppliers have stayed disciplined about adding capacity, and on this view, supply stays tight through 2027 while today's extraordinary pricing holds.
Sandisk's recent results give the bulls plenty to work with. Fiscal third-quarter revenue rose 251% year over year to $5.95 billion, with non-GAAP (adjusted) gross margin reaching 78.4% -- figures almost unheard of in the memory industry. The company has also signed five multi-year supply agreements, the first three of which alone carry about $42 billion in minimum contractual revenue, a structure designed to smooth exactly the kind of bust the bears fear. And management guided for $30 to $33 in fiscal fourth-quarter adjusted earnings per share, on revenue of $7.75 billion to $8.25 billion.
Annualize the midpoint of that guidance, and you get about $126 in earnings per share. Against earnings power like that, $3,050 works out to about 24 times earnings. That's a premium, but not a fantasy, if the pricing holds.
Today's Change
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-10.79
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-173.77
Current Price
$
1,436.56
What the $1,620 side believes Wells Fargo's target sits nearly on top of the current share price, which makes its message simple: all of this is priced in.
Notably, the firm has been raising its target repeatedly as the stock ran. This week's move to $1,620 came from $1,250, and it still hasn't called the shares a buy.
That pattern captures the cautious side's core belief. The earnings are here today, but NAND prices that tripled on tight supply can retreat once new capacity arrives or buyers pause. And Sandisk's cost structure means falling prices could hit earnings with the same force rising prices lifted them.
The market itself leans closer to Wells Fargo than to Susquehanna. Sandisk trades at a forward price-to-earnings ratio of about 9.
A single-digit forward multiple on a growth stock still compounding at triple-digit rates is the market saying it doesn't fully trust the earnings to last. If investors believed the $30-plus quarterly pace of adjusted earnings were durable, the stock wouldn't be priced like this.
So which side has it right?
Sandisk's fiscal fourth-quarter report, expected in early August, will show if the guided step-up materializes and if the contract-backed pricing is holding. The quarters after that will test how $42 billion of minimum commitments holds up against the handshake demand of past cycles.
I think patience is key. I'd rather see the August numbers first. If the contract-backed model delivers again, there should be plenty of runway left to buy.
Of course, the wide gap itself is telling investors something, too. This is a high-risk stock with a wide range of possible outcomes.
Micron (MU -7.24%) and Sandisk (SNDK -10.79%) are two of the most popular investment options in the market right now. They both rocketed higher in the first half of 2026 but have since given back some of those gains and are now each down significantly from their all-time highs.
With Micron down 20% and Sandisk down over 30%, now could be your time to get in on these two memory chip giants before they rocket higher. But if you could only buy one of these, which one makes the most sense? Let's take a look.
Image source: Getty Images.
Micron operates in both segments of the memory chip market While memory chips are a broad description, there are really two primary types of memory utilized in data centers (the reason for the boom in memory chip demand). DRAM memory is used alongside computing units for rapid data access, while NAND memory is used for long-term storage in devices like solid-state drives (SSDs). Micron makes both NAND and DRAM memory, while Sandisk only makes NAND.
Today's Change
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-7.24
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-71.69
Current Price
$
918.52
Demand for each of these types of memory chips has been stable over the past year, and companies in both industries have struggled to meet demand from artificial intelligence (AI) hyperscalers. With increased data center expansion coming over the next few years, this bodes well for Micron's and Sandisk's futures.
There isn't a ton to separate one memory chip producer from another, so the product acts more like a commodity. When a commodity has a limited supply and high demand, the price skyrockets, and that's exactly what we're seeing with these two.
That also opens up a different fear for investors: cyclicity. Eventually, memory chip demand will fall, or supply will rise to a more reasonable level, leading to lower prices. If that occurs, all the revenue and profits Sandisk and Micron investors have come accustomed to could plummet, taking the stocks with them.
Today's Change
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-10.79
%) $
-173.77
Current Price
$
1,436.56
As a result, the market may be a bit overcautious with these two, as nobody knows when the cycle will turn. However, Micron informed investors that they see memory chip market tightness persisting beyond 2027 -- leaving at least a year and a half of strong growth for these two. That makes them viable investments, but which is the better buy now?
Each is rapidly growing Both companies have seen their revenue and profits skyrocket over the past year, with Micron's growing at a faster pace overall than Sandisk's.
SNDK Revenue (Quarterly YoY Growth) data by YCharts
Micron's fiscal year (FY) wraps up in August, so utilizing next year's projections is a smart move for investors. From that standpoint, Wall Street analysts expect 81% revenue growth during FY 2027. Sandisk's fiscal year ended in June, and analysts estimate 154% revenue growth during FY 2027.
So, just because Micron has dominated the past few months doesn't mean Sandisk won't come roaring back. Still, each of these companies expects significant growth over the next few quarters, yet their stocks are trading at pretty low levels.
Sandisk trades for 7.5 times FY 2027 earnings, and Micron trades for 6.3 times FY 2027 earnings. The low prices suggest the market is skeptical of the long-term viability of the memory chip boom. Still, with industry experts calling for years of memory chip shortage, I think I'm OK taking a risk on these two, as the upside is immense if the long-term outlook is positive.
But between the two, I think Sandisk makes the most sense. It has a similarly low price to Micron but is expected to grow at a far faster rate. If I'm taking a chance on these two, it might as well be on the one with the higher growth rate projection. Still, I think Micron is an OK pick too -- it just may not see as great a return as Sandisk.
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Sandisk Corporation (SNDK - Free Report) , which belongs to the Zacks Computer- Storage Devices industry.
When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 68.29%, on average, in the last two quarters.
For the most recent quarter, Sandisk Corporation was expected to post earnings of $14.5 per share, but it reported $23.41 per share instead, representing a surprise of 61.45%. For the previous quarter, the consensus estimate was $3.54 per share, while it actually produced $6.2 per share, a surprise of 75.14%.
Price and EPS Surprise
Thanks in part to this history, there has been a favorable change in earnings estimates for Sandisk Corporation lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Sandisk Corporation has an Earnings ESP of +4.13% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #1 (Strong Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on August 5, 2026.
With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Easy come, easy go. At one point yesterday, Sandisk (SNDK -6.11%) stock was up 6% -- before giving back almost all its gains at the close. Today, Sandisk continues to slide lower, with losses hitting 6.5% as of 11:25 a.m. ET.
And yet, the news for Sandisk today is actually pretty good.
Image source: Getty Images.
Citi says "buy chip stocks" Citigroup this morning called the recent broad-based sell-off in semiconductor stocks a buying opportunity for investors. High demand for AI chips and memory chips at AI data centers is driving chip sales, says Citi, accounting for about 34% of total chip sales, and Citi sees demand continuing to outrun supply through 2030.
Automotive and industrial chip demand accounts for 21% of the market and is also growing. Really, the only place chip sales are sagging is in PCs, mobile phones, and consumer electronics. That's 42% of the market -- a big chunk -- but sales are only weak because memory costs so much, and there's not enough supply!
All things considered, this is bullish for Sandisk, which supplies the memory and reaps the high prices.
Today's Change
(
-6.11
%) $
-98.33
Current Price
$
1,512.00
Intel sales soar On top of this positive commentary, Intel (INTC -4.64%) just reported a big earnings beat -- pro forma profits of $0.42 per share were twice what Wall Street expected. Sales grew 25% to $16.1 billion, Intel's fastest revenue growth in nearly 15 years, and were also more than analysts forecast.
Intel CEO Lip-Bu Tan says "AI is driving unprecedented demand for compute," with notable growth in sales of Intel Xeon processors for inference solutions (i.e., answering questions). That's a segment of the artificial intelligence market known to require especially large amounts of memory chips to function.
These are all reasons to buy Sandisk stock -- not sell it.
Citigroup is an advertising partner of Motley Fool Money. Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Intel. The Motley Fool has a disclosure policy.
Index Dow Jones +0,27 % na 51848,77 b., S&P 500 +0,11 % na 7416,35 b., Nasdaq Composite -0,47 % na 25018,65 b.
Americké akcie se v úvodu páteční seance obchodují smíšeně, když investoři vyhodnocují další várku kvartálních výsledků. Zatímco indexy Dow Jones a S&P 500 mírně rostou, technologický Nasdaq ztrácí, přičemž pod tlakem zůstávají informační technologie. Naopak se daří realitnímu, energetickému a zdravotnickému sektoru.
Telekomunikační společnost Verizon reportovala za 2Q očištěný zisk na akcii ve výši 1,30 USD, čímž překonala očekávání analytiků na úrovni 1,27 USD. Volné peněžní toky meziročně vzrostly o 24,4 % na 6,4 mld. USD a počet nových zákazníků širokopásmového připojení dosáhl 348 tis. Společnost zvýšila celoroční výhled očištěného zisku na akcii na 4,99 až 5,04 USD (z 4,95 až 4,99 USD) a očekává růst volných peněžních toků o 9 až 10 %. Analytici pozitivně hodnotili nižší odchodovost zákazníků a příznivý vývoj hospodaření. Akcie Verizonu přidávají 2,94 %.
Kabelový operátor Charter Communications vykázal za 2Q tržby ve výši 13,53 mld. USD, které meziročně poklesly o 1,7 %, ale mírně překonaly očekávání trhu. Očištěný zisk EBITDA meziročně klesl o 4,3 % na 5,45 mld. USD a zaostal za konsensem ve výši 5,58 mld. USD, přičemž nižší než očekávané byly rovněž volné peněžní toky (0,97 mld. USD oproti očekávaným 1,14 mld. USD). Počet zákazníků internetových služeb se snížil o 166 tis., zatímco počet mobilních linek vzrostl o 406 tis. Společnost nadále očekává celoroční kapitálové výdaje přibližně 11,4 mld. USD. Akcie Charter Communications odepisují 4,45 %.
Také telekomunikační a mediální konglomerát Comcast reportoval své kvartální výsledky za 2Q roku 2026. Výnosy sice meziročně poklesly o 1,2 %, překonaly však očekávání analytiků. Nad odhady se umístil rovněž očištěný zisk na akcii a volné peněžní toky. Streamovací služba Peacock poprvé vykázala kladný očištěný zisk EBITDA, když těžila mimo jiné z vysílání play-off NBA a mistrovství světa ve fotbale. Akcie Comcast +1,67 %.
Americká finanční společnost American Express reportovala za 2Q zisk na akcii ve výši 4,53 USD, nad očekáváním analytiků na úrovni 4,41 USD. Tržby meziročně vzrostly o 10 % na 19,64 mld. USD, avšak mírně zaostaly za konsensem, obdobně jako příjmy z poplatků za karty (2,86 mld. USD oproti očekávaným 3,01 mld. USD). Pozitivně překvapily nižší opravné položky na úvěrové ztráty, které meziročně poklesly o 21 % na 1,1 mld. USD. Společnost zvýšila celoroční výhled růstu tržeb na 10 %. Akcie American Express -6,06 %.
Americká společnost SLB (dříve Schlumberger), která poskytuje služby v oblasti ropného průmyslu vykázala za 2Q očištěný zisk na akcii ve výši 0,55 USD, zatímco analytici očekávali 0,51 USD. Tržby meziročně vzrostly o 5 % na 8,97 mld. USD, přičemž růst ve většině zahraničních regionů a vyšší výnosy divize Production Systems (3,77 mld. USD, +24 % meziročně) kompenzovaly slabší vývoj na Blízkém východě. Volné peněžní toky dosáhly 716 mil. USD a výrazně překonaly konsensus ve výši 327 mil. USD. Analytici vyzdvihli zejména rychlý růst segmentu datových center a přínos akvizice ChampionX. Akcie SLB přidávají 9,66 %.
Akcie výrobce paměťových medií Sandisk odepisují 8,5 %, když investoři upravovali své pozice před zveřejněním kvartálních výsledků a vybírali zisky v sektoru paměťových čipů.
Index S&P 500 +0,11 % na 7416,35 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Reality +2,5 % Informační technologie -0,7 % Energie +1,2 % Zbytná spotřeba -0,1 % Zdravotní péče +0,9 % Finanční sektor +0,2 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Digital Realty Trust (DLR) +14 % Sandisk Corp (SNDK) -8,5 % SLB (SLB) +9,5 % Coherent Corp (COHR) -8,0 % Equinix (EQIX) +6,7 % CH Robinson Worldwide (CHRW) -6,8 % Universal Health Services (UHS) +6,3 % Lumentum Holdings (LITE) -6,7 % ServiceNow (NOW) +5,1 % Robinhood Markets (HOOD) -6,6 %
Zdroj: Bloomberg
SanDisk stock price has slumped into a bear market after falling by 33% from its highest point this year. It dropped to $1,610, mirroring the performance of other memory and semiconductor companies. Still, despite this retreat, analysts are highly optimistic about the company ahead of its earnings release on August 13.
Aaron Rakers, a Wells Fargo analyst, boosted his target for SanDisk shares from $1,250 to $1,620 this week. He joined other analysts who have either boosted their targets or maintained.
EverCore ISI set a price target of $3,100, representing a big jump from the current level. Matt Bryson, a Wedbush analyst, hiked his target for the stock from $1,200 to $2,000, while Wamsi Mohan, a Bank of America analyst, hiked the target to $2,500.
Other analysts who boosted their targets recently were from companies like Bernstein, Citigroup, and Cantor Fitzgerald.
The general view among these analysts is that the artificial intelligence boom is still going on and there is no need for investors to panic.
To a large extent, recent earnings by some of the biggest companies shows that their revenue and earnings growth is surging. For example, Intel stock is soaring today after the semiconductor company published strong results.
Micron, the third-biggest player in the high-bandwidth memory (HBM) industry showed that its revenue jumped by over 300%. In another note, Samsung Electronics also released strong numbers.
Most notably, big-tech companies are still committed to their spending. For example, Alphabet predicts that it will spend over $205 billion this year. More big-tech companies may continue this spending when they release their numbers next week.
Most importantly, SanDisk has entered several long-term supply agreements with its biggest customers. This approach is aimed at helping to reduce the boom and bust cycles that have been associated with the memory industry.
Three of these deals are worth at least $42 billion, with the contracts ranging between 1 and five years. Notably, these contracts include floors and ceilings, limiting downside and upside volatility.
The next important catalyst for the SNDK stock price will be its August 8 earnings, which will provide details of its performance.
These earnings are expected to show that the company had the best quarter ever, with its revenue coming in at $8.40 billion, up by 349%. This is a big milestone for a company that made $7.3 billion in the last financial year.
If this view is correct, then its annual revenue will be $19.8 billion, up by 170% from the same period last year. Its annual revenue in the next financial year will be $50.3 billion. Judging by the recent tech earnings, chances are that it will publish stronger results than expected.
A key risk facing SanDisk is that big tech companies may start reducing their spending in the coming months or years. If this happens, demand will likely wane, affecting memory companies.
READ MORE: Micron stock gets an unexpected clue from China’s latest AI experiment
SanDisk stock chart | Source: TradingView
SanDisk is also facing some technical risks. It has slipped below the 50-day Exponential Moving Average (EMA) and the 23.6% Fibonacci Retracement level.
The stock has also formed what looks like a head-and-shoulders pattern, a common bearish sign. There are also signs that the stock is moving from the markup phase of the Wyckoff Theory into the distribution stage.
Therefore, the stock will likely resume the downtrend, potentially to the psychological level of $1,000.
Assetmark Inc. lifted its holdings in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) by 1,990.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,658 shares of the data storage provider’s stock after purchasing an additional 3,483 shares during the quarter. Assetmark Inc.’s holdings in Sandisk were worth $2,324,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in SNDK. Whittier Trust Co. acquired a new position in Sandisk in the 4th quarter valued at $26,000. Greenline Wealth Management LLC bought a new stake in shares of Sandisk during the 4th quarter valued at $26,000. Chung Wu Investment Group LLC acquired a new stake in shares of Sandisk during the 4th quarter worth $27,000. Westfuller Advisors LLC grew its holdings in shares of Sandisk by 51.8% during the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after purchasing an additional 43 shares in the last quarter. Finally, Parallel Advisors LLC bought a new position in shares of Sandisk in the third quarter worth $30,000.
Key Sandisk News Here are the key news stories impacting Sandisk this week:
Positive Sentiment: Analysts and market commentators highlighted Sandisk as a potential winner from AI infrastructure spending, tight memory supply, and stronger NAND pricing, reinforcing the bull case for higher earnings power. Article Title Positive Sentiment: Reports said memory prices remain elevated and could continue rising, which is important for Sandisk’s margins and revenue outlook. Article Title Positive Sentiment: Several bullish pieces argued Sandisk still has room to run after its huge 2026 rally, citing enterprise SSD growth, AI-related storage demand, and a discounted valuation relative to its growth story. Article Title Neutral Sentiment: With earnings approaching, investors are focused on whether Sandisk can keep beating expectations and justify its elevated valuation. Article Title Neutral Sentiment: Some coverage flagged a broader sector pause and profit-taking, explaining why SNDK has also seen intraday volatility despite the bullish long-term narrative. Article Title Negative Sentiment: At least one analyst cut a price target on SNDK, which may be pressuring sentiment even as the stock remains near record levels. Article Title Negative Sentiment: Susquehanna also reportedly lowered its target, suggesting some analysts think the stock’s recent run has outpaced near-term fundamentals. Article Title Insider Activity at Sandisk In related news, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the sale, the insider owned 31,515 shares of the company’s stock, valued at $65,803,320. This trade represents a 1.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Pokorny sold 2,446 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the sale, the chief accounting officer owned 22,375 shares in the company, valued at $31,910,777.50. This represents a 9.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 6,225 shares of company stock worth $10,166,297. Corporate insiders own 0.21% of the company’s stock.
Sandisk Stock Up 0.7% Sandisk stock opened at $1,610.33 on Friday. Sandisk Corporation has a 12-month low of $40.10 and a 12-month high of $2,354.39. The business’s 50-day moving average price is $1,753.46 and its two-hundred day moving average price is $1,084.78. The stock has a market cap of $238.47 billion, a PE ratio of 55.97 and a beta of 4.74.
Sandisk (NASDAQ:SNDK – Get Free Report) last posted its earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. The firm had revenue of $5.95 billion during the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The firm’s revenue was up 251.0% compared to the same quarter last year. During the same period last year, the company posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, analysts expect that Sandisk Corporation will post 64.52 earnings per share for the current year.
Wall Street Analysts Forecast Growth A number of research analysts recently commented on SNDK shares. Wells Fargo & Company boosted their price target on Sandisk from $1,250.00 to $1,620.00 and gave the company an “equal weight” rating in a research note on Wednesday. Sanford C. Bernstein raised their target price on shares of Sandisk from $1,700.00 to $3,000.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Mizuho boosted their target price on shares of Sandisk from $1,825.00 to $2,200.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. Zacks Research downgraded shares of Sandisk from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Finally, Morgan Stanley increased their price target on shares of Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,811.38.
Get Our Latest Research Report on Sandisk
About Sandisk (Free Report)
SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.
Read More Five stocks we like better than Sandisk Premium Retail’s Stress Test Is Separating Winners From Losers D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? GE Vernova Just Sent a Mixed AI Signal to Investors Alphabet Crushed Earnings, But One Number Spooked the Market Want to see what other hedge funds are holding SNDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sandisk Corporation (NASDAQ:SNDK – Free Report).
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Bank of Nova Scotia grew its stake in Sandisk Corporation (NASDAQ:SNDK – Free Report) by 24.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 193,920 shares of the data storage provider’s stock after buying an additional 37,601 shares during the period. Bank of Nova Scotia owned 0.13% of Sandisk worth $123,205,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in SNDK. Valley Wealth Managers Inc. acquired a new position in shares of Sandisk in the 1st quarter valued at $25,000. Cedar Mountain Advisors LLC lifted its stake in Sandisk by 2,750.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 57 shares of the data storage provider’s stock valued at $36,000 after acquiring an additional 55 shares during the period. Roble Belko & Company Inc acquired a new position in Sandisk during the first quarter valued at $39,000. Himension Capital Singapore PTE. LTD. acquired a new stake in Sandisk during the 1st quarter worth about $43,000. Finally, Main Street Group LTD acquired a new stake in Sandisk during the 1st quarter worth about $53,000.
Sandisk News Summary Here are the key news stories impacting Sandisk this week:
Positive Sentiment: Analysts and market commentators highlighted Sandisk as a potential winner from AI infrastructure spending, tight memory supply, and stronger NAND pricing, reinforcing the bull case for higher earnings power. Article Title Positive Sentiment: Reports said memory prices remain elevated and could continue rising, which is important for Sandisk’s margins and revenue outlook. Article Title Positive Sentiment: Several bullish pieces argued Sandisk still has room to run after its huge 2026 rally, citing enterprise SSD growth, AI-related storage demand, and a discounted valuation relative to its growth story. Article Title Neutral Sentiment: With earnings approaching, investors are focused on whether Sandisk can keep beating expectations and justify its elevated valuation. Article Title Neutral Sentiment: Some coverage flagged a broader sector pause and profit-taking, explaining why SNDK has also seen intraday volatility despite the bullish long-term narrative. Article Title Negative Sentiment: At least one analyst cut a price target on SNDK, which may be pressuring sentiment even as the stock remains near record levels. Article Title Negative Sentiment: Susquehanna also reportedly lowered its target, suggesting some analysts think the stock’s recent run has outpaced near-term fundamentals. Article Title Sandisk Stock Up 0.7% Shares of Sandisk stock opened at $1,610.33 on Friday. The firm has a market cap of $238.47 billion, a PE ratio of 55.97 and a beta of 4.74. Sandisk Corporation has a 52 week low of $40.10 and a 52 week high of $2,354.39. The business’s fifty day simple moving average is $1,753.46 and its 200-day simple moving average is $1,084.78.
Sandisk (NASDAQ:SNDK – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. The firm had revenue of $5.95 billion during the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business’s revenue for the quarter was up 251.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities analysts expect that Sandisk Corporation will post 64.52 earnings per share for the current year.
Wall Street Analyst Weigh In A number of equities research analysts have recently commented on the stock. Barclays raised shares of Sandisk from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $1,200.00 to $2,300.00 in a research note on Tuesday, May 26th. Jefferies Financial Group reissued a “buy” rating and set a $1,400.00 price target on shares of Sandisk in a report on Friday, May 1st. UBS Group set a $1,700.00 price target on shares of Sandisk in a research report on Monday, May 4th. Mizuho lifted their price objective on shares of Sandisk from $1,825.00 to $2,200.00 and gave the company an “outperform” rating in a report on Monday, June 8th. Finally, Citigroup upped their price objective on shares of Sandisk from $2,025.00 to $2,500.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Sandisk has an average rating of “Moderate Buy” and an average target price of $1,811.38.
Check Out Our Latest Analysis on SNDK
Insider Buying and Selling In related news, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the completion of the transaction, the chief accounting officer directly owned 22,375 shares in the company, valued at approximately $31,910,777.50. This trade represents a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bernard Shek sold 600 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $2,088.00, for a total value of $1,252,800.00. Following the transaction, the insider directly owned 31,515 shares of the company’s stock, valued at $65,803,320. The trade was a 1.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,225 shares of company stock worth $10,166,297 over the last ninety days. Insiders own 0.21% of the company’s stock.
Sandisk Profile (Free Report)
SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.
See Also Five stocks we like better than Sandisk Premium Retail’s Stress Test Is Separating Winners From Losers D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? GE Vernova Just Sent a Mixed AI Signal to Investors Alphabet Crushed Earnings, But One Number Spooked the Market Want to see what other hedge funds are holding SNDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sandisk Corporation (NASDAQ:SNDK – Free Report).
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Bessemer Group Inc. grew its position in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) by 45.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,577 shares of the data storage provider’s stock after purchasing an additional 1,121 shares during the period. Bessemer Group Inc.’s holdings in Sandisk were worth $2,272,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. State Street Corp purchased a new position in Sandisk during the 3rd quarter valued at approximately $491,053,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Sandisk during the 3rd quarter worth approximately $297,293,000. Norges Bank purchased a new stake in shares of Sandisk during the 4th quarter worth approximately $518,889,000. Bank of America Corp DE bought a new position in shares of Sandisk during the 3rd quarter valued at approximately $190,425,000. Finally, AQR Capital Management LLC bought a new position in shares of Sandisk during the 3rd quarter valued at approximately $163,057,000.
Sandisk News Summary Here are the key news stories impacting Sandisk this week:
Positive Sentiment: Reports say memory prices are still surging, which supports expectations for stronger revenue and margins at Sandisk. Memory Prices Are Still Skyrocketing. Is the Next Rally for Micron, Sandisk, and SK Hynix Just Beginning? Positive Sentiment: Analysts and market commentators continue to highlight Sandisk as a beneficiary of AI-related NAND demand, enterprise SSD growth, and favorable pricing dynamics. Sandisk Trades at 8.3X Discounted P/E: Time to Buy the Stock? Positive Sentiment: UBS and other strategists said the recent selloff in AI and semiconductor names may be nearing exhaustion, which could help sentiment rebound further in Sandisk. UBS sees Broadcom, Sandisk, Oracle stocks rebounding: here’s why Positive Sentiment: Tuesday’s memory-stock rally and Morgan Stanley’s forecast for another big jump in memory prices reinforced the bullish setup for SNDK. Micron, Western Digital, and Sandisk Just Jumped 12% to 14%. Here’s the Forecast That Did It. Neutral Sentiment: Some coverage noted that the stock also saw profit-taking and broader market weakness at times, which can create short-term volatility even within the stronger trend. Why Is Sandisk Stock Falling on Wednesday? Analyst Upgrades and Downgrades A number of research analysts recently weighed in on SNDK shares. Sanford C. Bernstein raised their target price on shares of Sandisk from $1,700.00 to $3,000.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Wells Fargo & Company upped their price target on shares of Sandisk from $1,250.00 to $1,620.00 and gave the company an “equal weight” rating in a research note on Wednesday. The Goldman Sachs Group reiterated a “buy” rating and set a $1,200.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Arete Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Finally, UBS Group set a $1,700.00 target price on shares of Sandisk in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Sandisk presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,820.90.
View Our Latest Research Report on SNDK
Insider Activity at Sandisk In related news, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total value of $1,252,800.00. Following the transaction, the insider owned 31,515 shares of the company’s stock, valued at $65,803,320. This trade represents a 1.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the sale, the executive vice president directly owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. This trade represents a 3.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 6,225 shares of company stock valued at $10,166,297. Company insiders own 0.21% of the company’s stock.
Sandisk Stock Performance Shares of NASDAQ SNDK opened at $1,599.27 on Thursday. Sandisk Corporation has a fifty-two week low of $40.10 and a fifty-two week high of $2,354.39. The company has a market cap of $236.84 billion, a price-to-earnings ratio of 55.59 and a beta of 4.74. The business’s 50 day moving average price is $1,748.90 and its 200-day moving average price is $1,075.37.
Sandisk (NASDAQ:SNDK – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company had revenue of $5.95 billion during the quarter. During the same quarter in the previous year, the firm earned ($0.30) EPS. Sandisk’s revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Sell-side analysts predict that Sandisk Corporation will post 64.52 earnings per share for the current year.
About Sandisk (Free Report)
SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.
See Also Five stocks we like better than Sandisk Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play Want to see what other hedge funds are holding SNDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sandisk Corporation (NASDAQ:SNDK – Free Report).
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Sandisk dropped almost 30% in the last month, but AI-driven NAND demand keeps the bullish thesis alive. NAND prices are rising faster than DRAM due to investment competition. I analyzed the bearish and bullish arguments I read most over the past few weeks.
Memory chip maker Sandisk (SNDK +0.62%) was the best-performing stock in the S&P 500 (^GSPC -0.14%) in 2025, and it's currently leading the index higher in 2026. The stock has advanced 570% year to date amid a severe memory chip supply shortage fueled by the artificial intelligence infrastructure build-out.
In general, analysts think Sandisk remains undervalued. Wall Street's median target price of $2,500 per share implies 57% upside from its current share price of $1,590. But I think the stock will increase 91% to $3,040 per share by August 2027 (i.e., when the company reports financial results for the full fiscal year).
Here's my logic.
Image source: The Motley Fool.
Sandisk is capitalizing on AI-driven demand for NAND flash memory Sandisk develops storage solutions based on NAND flash memory. Once a sleepy consumer brand, it has shifted focus to enterprise solid-state drives (SSDs), which play an important role in supporting artificial intelligence workloads. Specifically, NAND-based SSDs provide storage for active AI training data and models before they are loaded into DRAM (working memory).
"NAND flash is emerging as the only economically viable solution to deliver the capacity, performance, and efficiency required to keep models accessible for real-time inference at scale," according to CEO David Goeckeler. Sandisk is capitalizing on that opportunity by expanding its enterprise SSD portfolio. Products based on Stargate, a new controller built to improve enterprise SSD storage density, will begin shipping this quarter.
Meanwhile, Sandisk in July started sampling chips built on BiCS10 architecture, the 10th generation of its 3D NAND flash memory technology. Compared to the previous generation, BiCS10 increases bit density by 59%, meaning more data can be store in the same physical space. Also, memory chips built on the new architecture are 33% faster and much more power efficient than chips built on the previous BiCS8 architecture.
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Wall Street expects Sandisk's revenue to grow 155% in fiscal 2027 Sandisk reported impressive financial results for the third quarter of fiscal 2026 (ended in March). Revenue rose 251% to $5.9 billion, driven by especially strong sales growth in the data center segment. And non-GAAP earnings increased to $23.41 per diluted share, up from a loss of $0.30 per diluted share in the previous year.
Sandisk will likely keep posting strong numbers for the foreseeable future. But memory chips sales have historically been highly cyclical because manufacturers tend to overproduce during periods of robust demand. That creates supply gluts that ultimately drive prices lower. For instance, demand for memory chips soared during the pandemic, but DRAM and NAND prices had dropped about 70% by 2023.
Naturally, investors are concerned that history will repeat itself. Those fears are warranted, at least to some degree. Several memory chip manufacturers are constructing new plants to increase production capacity, and some of that new supply will hit the market in 2027 and 2028. On the other hand, demand is so intense today that memory chip manufacturers have secured multiyear contracts.
As of April, Sandisk had signed five long-term agreements. "These partnerships support durable, structurally higher earnings and a significantly more predictable and less cyclical business for Sandisk," said CEO David Goeckeler. "We believe this marks a fundamental evolution of our business centered on deeper customer alignment, enhanced visibility, and long-term value creation."
Nevertheless, concerns about a sharp decline in memory prices will likely linger, putting downward pressure on Sandisk's valuation over the next year. The stock currently trades at 18 times sales, but I will assume that metric falls to 9 times sales after Sandisk reports financial results for fiscal 2027 next August.
The Wall Street consensus says revenue will increase about 155% to $50 billion in fiscal 2027. If that forecast is accurate and shares trade at 9 times sales, Sandisk's market value would reach $450 billion. That implies 91% upside from its current market value of $235 billion. It also implies a stock price of $3,040 per share.
On a slightly down Wednesday for the stock market, Sandisk's (SNDK +0.69%) equity landed in positive territory. On the back of an analyst's price target raise, the storied memory module specialist finished the trading session 0.6% higher, eclipsing the 0.1% dip of the bellwether S&P 500 index.
More bullish, but not bullish enough Almost exactly two weeks before Sandisk is scheduled to publish its fiscal fourth quarter of 2026 results, Aaron Rakers of influential bank Wells Fargo made that move. He increased his price target on the specialized tech stock substantially, to $1,620 per share from $1,250.
Image source: Getty Images.
That didn't quite make him a bull on Sandisk, as he maintained his equal weight (i.e., hold) recommendation.
According to reports, Rakers wrote that the company has good momentum just now, with increases in long-term, multi-year supply contracts with major cloud computing and data center clients. He also waxed optimistic about Sandisk's strength in the high-end enterprise solid-state drive (eSSD) segment of the market, among other positive factors.
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Critical supply Sandisk has done well as a go-to provider of flash memory (its specialty) for the many clients on the market looking to ramp up artificial intelligence (AI) compute. For believers in the longevity and power of the AI revolution, like myself, the company is a fine play on this.
I'm more bullish than Rakers on the company's future, and while the stock is expensive, it sure looks like a buy to me.
Wells Fargo is an advertising partner of Motley Fool Money. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Wall Street’s love affair with SanDisk (NASDAQ:SNDK | SNDK Price Prediction) has reached a fever pitch, yet Reddit has gone eerily quiet. Shares closed at $1,589 on Tuesday after a 14% single-day pop, but the stock is still down 27% over the past month and almost 10% on the week. SanDisk, the NAND flash pure play spun out of Western Digital in February 2025, has surged over 569% year to date and 3,720% over the past year.
The catalyst is clear. Q3 FY2026 revenue hit $5.95 billion, up 251% year over year, with the Datacenter segment alone up 645% as hyperscalers race to secure NAND capacity for AI inference. EPS of $23.41 trounced the $14.66 consensus, and CEO David Goeckeler retired $650 million in debt to reach a zero-debt balance sheet.
Analyst Consensus Is Bullish The $2,197.32 consensus price target is well above the current price, and the ratings breakdown is overwhelmingly bullish. Forward P/E has compressed to 21 on projected earnings power, and operating margin runs at 70%. Institutional ownership stands near 81%. Bernstein reportedly set a $3,000 price target on the stock, a figure a Reddit user cited when explaining a purchase.
Reddit Sentiment Tells a Different Story Currently, SanDisk’s Reddit sentiment score registers 58 (neutral) with an activity score of just 13, categorized as low. The most-upvoted post came from user kharkovchanin, who wrote: “Bought SanDisk (SNDK) at $2,330. Did I mess up buying the top or is this just a healthy pullback?” (r/stocks). It drew 596 upvotes and 593 comments, after which discussion collapsed.
Retail options flow has skewed toward puts, including a widely shared “SNDK 0DTE $2,175 put GAINS” post from late June. r/options traders remain bullish (sentiment 72-78), but that community is tiny relative to r/stocks. Activity has cratered from a peak score of 51 on July 2 to 12-17 over the past week. Error: Invalid chart data JSON
Micron Has the Retail Buzz SanDisk Lacks Peer Micron Technology (NASDAQ:MU) draws far heavier retail chatter despite a smaller percentage move, suggesting SanDisk’s obscurity stems from its short public history rather than weaker fundamentals. Watch SanDisk’s Q4 earnings report and the two additional New Business Model contracts management flagged for the quarter, with guidance calling for $7.75 billion to $8.25 billion in revenue and $30 to $33 in EPS. If retail hasn’t found this story by then, it may never.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and SanDisk didn't make the cut. Grab the names FREE today.
SK Hynix is one of the most important memory manufacturers in the world. It enjoys a healthy market share in the dynamic random-access memory (DRAM) and NAND flash markets, which is why the CEO's latest comments suggest the memory supercycle is here to stay.
The South Korean bellwether's CEO, Kwak Noh-Jung, recently told Reuters in an interview that he expects the memory shortage to worsen in 2027. What's more, he added that memory demand will continue to outstrip supply beyond 2030, despite the company's efforts to aggressively add capacity. All this bodes well for Sandisk (SNDK -1.26%), one of the hottest names in the memory industry that has made investors significantly richer over the past year.
Sandisk is going to release its fiscal 2026 fourth-quarter results on Aug. 5. SK Hynix's comments about the state of the memory industry suggest that Sandisk could go on a parabolic run after its upcoming report. Let's see why.
Image source: The Motley Fool.
Sandisk's numbers and guidance could crush consensus expectations Sandisk is a pure-play NAND flash storage company. It controls 13% of this market, according to Counterpoint Research. SK Hynix is bigger than Sandisk in NAND flash with an 18% market share. So, when SK Hynix notes that the memory shortage is set to worsen in 2027, one can assume that the massive price hikes powering Sandisk's growth are here to stay.
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The NAND flash industry's revenue increased 3.5x year over year in Q1 to $46 billion. Analysts are anticipating Sandisk's fiscal Q4 revenue to increase by 338% year over year to $8.34 billion. The bottom-line jump will be even more impressive at a whopping 117x to $34.15 per share. If SK Hynix's forecast about the memory supply situation getting worse turns into reality, then there is a solid chance of Sandisk's numbers exceeding expectations.
After all, the consensus earnings estimate for fiscal Q4 isn't very far from the higher end of Sandisk's earnings per share guidance of $33.00. The company has been striking long-term agreements with customers that include a variable pricing option, which will allow it to capture potential price increments in NAND flash. This should pave the way for stronger-than-expected guidance, given SK Hynix's forecast that the supply situation will tighten.
The stock still has multibagger potential This semiconductor stock has turned a $1,000 investment into $33,000 over the past year. You may be wondering if it can deliver more upside following such stunning gains.
Given that Sandisk is trading at just 21 times forward earnings and is expected to clock a 220% increase in earnings per share in fiscal 2027 to $212.60, it can indeed fly higher. Sandisk can easily achieve such terrific earnings growth in the current fiscal year since NAND flash demand will continue to overwhelm supply.
This AI stock could easily trade above $4,000 even if it trades at 20 times earnings after a year, based on its earnings-per-share estimate for the fiscal year that has just begun. That's nearly triple Sandisk's current stock price, which means that it isn't too late for investors to buy this AI stock.
Key Takeaways SNDK is benefiting from AI-driven demand for NAND storage and advancing enterprise memory products.WDC is seeing strong cloud and AI demand, boosting adoption of high-capacity data center storage.CIEN is expanding AI networking with hyperscaler wins and raised its fiscal 2026 revenue outlook. The astonishing rally of the artificial intelligence (AI) trade has been suffering from persistent volatility over the past month. Extremely overstretched valuation of these stocks, unabated inflationary pressure due to fluctuations in crude oil prices resulting from geopolitical conflicts in the Middle East and growing expectations of a 25-basis point hike in the benchmark interest rate by the Fed in September are the primary reasons for recent AI trade volatility.
Nonetheless, we have identified three AI behemoths with a top Zacks Rank that are currently trading at a significant discount from their 52-week high price. Moreover, these stocks have huge price upside potential in the short term.
The stocks are: Sandisk Corp. (SNDK - Free Report) , Western Digital Corp. (WDC - Free Report) and Ciena Corp. (CIEN - Free Report) . Each of our picks currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The chart below shows the price performance of our three picks in the past month.
Image Source: Zacks Investment Research
Sandisk Corp.Sandisk — a leading flash and advanced memory technology innovator — is set to maintain its astonishing momentum. SNDK has benefited from the structural shift toward AI computing, which requires significantly more NAND flash storage per deployment compared with traditional workloads.
AI training models and inference applications generate massive data volumes that demand high-performance enterprise solid-state drives, while edge devices need greater storage capacity to support on-device AI features.
This creates a favorable demand environment where SNDK can command premium pricing for its advanced technology products while maintaining disciplined supply allocation. SNDK’s BiCS8 quad-level cell storage product continues to advance through qualification with two major hyperscalers. The extended joint venture agreement with Kioxia Corporation through December 2034 positions Sandisk favorably in the AI memory and storage space.
Sandisk has an expected revenue and earnings growth rate of more than 100%, each for the current year (ending June 2027). The Zacks Consensus Estimate for the current year’s earnings has improved 0.6% over the last 30 days.
Massive Short-Term Price Upside PotentialSandisk is currently trading at a 32.5% discount to its 52-week high price of $2,354.39 recorded on June 22. The short-term average price target of brokerage firms represents an increase of 49.8% from the last closing price of $1,589.40. The brokerage target price is currently in the range of $1,000-$3,250. This indicates a maximum upside of 104.5% and a maximum downside of 37.1%. The risk/reward ratio is highly favorable 1:2.82.
Western Digital Corp.Western Digital has been witnessing strong execution amid intensified cloud and AI demand. WDC saw strong data center demand and increased adoption of high-capacity hard disk drives (HDDs). This reflects its ability to scale reliable, high-capacity storage solutions to meet the needs of the AI-driven data economy.
As AI and cloud adoption accelerate, demand for higher-density storage continues to rise. WDC is meeting this demand through close collaboration with hyperscalers, delivering reliable, high-capacity drives at scale with strong performance and total cost of ownership.
Western Digital has an expected revenue and earnings growth rate of 38.1% and 85.1%, respectively, for the current year (ending June 2027). The Zacks Consensus Estimate for the current year’s earnings has improved 1.8% over the last 30 days.
Solid Short-Term Price Upside PotentialWestern Digital is currently trading at a 31.4% discount to its 52-week high price of $799.87 recorded on June 18. The short-term average price target of brokerage firms represents an increase of 16.4% from the last closing price of $548.39. The brokerage target price is currently in the range of $450-$1.050. This indicates a maximum upside of 91.5% and a maximum downside of 17.9%. The risk/reward ratio is extremely favorable 1:5.1.
Ciena Corp.Ciena is well poised to benefit from AI-led demand for optical networking across cloud and service providers and a growing backlog despite ongoing supply woes. Expanding bandwidth needs, rising data center interconnect activity and solid uptake of coherent optical technologies bode well.
Ciena's revenues are primarily generated from packet optical transport, switching products, integrated networks and software platforms. CIEN continues to diversify its footprint in data center connectivity and AI networking infrastructure. Management reported new hyperscaler wins for coherent modules, additional DCOM customer engagements and continued demand for 400G and 800G pluggables.
Strong traction in Hyper-Rail, DCOM and coherent modules reinforces CIEN’s position in high-speed connectivity and broadens its opportunities across WAN and data center environments. CIEN is also driving operating leverage through higher margins, earnings and cash flow. CIEN raised its fiscal 2026 revenue outlook to $6.3 billion, up 32% at the midpoint.
Ciena has an expected revenue and earnings growth rate of 32.4% and more than 100%, respectively, for the current year (ending October 2026). The Zacks Consensus Estimate for the current year’s earnings has improved 5.8% in the last 60 days.
Robust Short-Term Price Upside PotentialCiena is currently trading at a 35.9% discount to its 52-week high price of $637.51 recorded on June 3. The short-term average price target of brokerage firms represents an increase of 45.5% from the last closing price of $408.73. The brokerage target price is currently in the range of $450-$720. This indicates a maximum upside of 76.2% and no downside. The risk/reward ratio is extremely favorable.
Key Takeaways SNDK is leveraging BiCS8 technology to strengthen its position in enterprise SSDs for AI storage workloads.SNDK is expanding through nodal technology transitions instead of costly greenfield capacity investments.SNDK's new business model agreements cover more than one-third of its fiscal 2027 bit volume. Sandisk (SNDK - Free Report) currently trades at a forward 12-month price-to-earnings multiple of 8.3X, well below the Zacks Computer Storage Devices industry’s average of 10.67X and at a steep discount to the broader Computer and Technology sector’s average of 23.55X. This discounted valuation stands out, given SNDK's accelerating position in the NAND flash market, its expanding enterprise SSD franchise and a rapidly improving earnings trajectory supported by a richer mix across data center, edge and consumer end markets.
SNDK’s P/E Valuation
Image Source: Zacks Investment Research
SNDK shares have jumped 569.5% year to date, outperforming the Zacks subindustry's return of 204.7% and the broader sector's advance of 12.1%. Its peers, Micron Technology (MU - Free Report) , Seagate Technology (STX - Free Report) and Western Digital (WDC - Free Report) have gained 242.3%, 226.0% and 222.3%, respectively, over the same period, all trailing SNDK by a wide margin.
SNDK has been benefiting from surging AI-driven demand for NAND flash across data center inference architectures, backed by its BiCS8 technology leadership and an expanding enterprise SSD portfolio. Its multiyear supply partnerships and disciplined capacity expansion through nodal transitions rather than costly greenfield investment provide a competitive edge as demand for AI storage infrastructure accelerates.
SNDK’s YTD Performance
Image Source: Zacks Investment Research
AI-Driven Demand and Datacenter Opportunity Fuel SNDK's GrowthSNDK is benefiting from the structural shift toward AI computing, which requires substantially more NAND flash storage per deployment compared with traditional workloads. AI training models and inference applications are generating massive data volumes that demand high-performance enterprise SSDs, creating a favorable environment where SNDK is commanding premium pricing for its advanced technology products. These benefits materialized in the fiscal third quarter with datacenter revenue surging 233% sequentially as enterprise SSD qualifications broadened across hyperscale customers.
SNDK's leadership has consistently framed NAND as the most scalable semiconductor technology available for inference workloads, including KV cache and retrieval-augmented generation applications that require dense, low-latency flash storage well beyond what DRAM or high-bandwidth memory can economically deliver at global scale. 2026 datacenter bit growth expectations have moved sharply higher over the past several quarters, reflecting how rapidly hyperscale customers are redesigning inference architectures around NAND capacity. SNDK's TLC based enterprise SSD portfolio anchored by BiCS8 technology has driven the bulk of this datacenter strength while its QLC Stargate solution is set to begin shipping for revenues in the fiscal fourth quarter, adding a further layer of growth and positioning the company ahead of storage peers Micron Technology, Western Digital and Seagate Technology in the race to capture AI infrastructure demand.
New Business Models Add Structural Earnings VisibilitySNDK is reshaping its business through multi-year supply partnerships known as new business models designed to lock in committed customer demand alongside committed financials for the company. Five such agreements have been signed to date, carrying minimum contractual revenue of approximately $42 billion and financial guarantees exceeding $11 billion, backed by prepayments and third-party administered instruments. These agreements, which stretch as long as five years, now cover more than a third of SNDK's fiscal 2027 bit volume and blend fixed and variable pricing, giving SNDK upside participation while offering customers assured supply. This move away from the industry's historically volatile quarter-to-quarter pricing dynamic is expected to deliver more durable and predictable earnings, a structural shift that differentiates SNDK from storage peers, Micron Technology, Western Digital and Seagate Technology, which have disclosed comparatively less detail on long-term contracted volume.
The Zacks Consensus Estimate for SNDK's fiscal 2026 earnings per share is pegged at $66.11, up 0.65% over the past 30 days and indicating year-over-year growth of 2111.04%. This estimate reflects the scale of the earnings transformation underway at SNDK as new business model agreements and broadening AI infrastructure demand reshape the company's revenue and margin profile.
ConclusionSNDK's accelerating AI-driven datacenter demand and a maturing multiyear contract book present a compelling investment case. Its year-to-date outperformance against peers, Micron Technology, Western Digital and Seagate Technology reflects growing recognition of its strategic positioning within the AI storage buildout, while the pending QLC Stargate ramp and rising new business model coverage offer meaningful near-term catalysts. These structural tailwinds support a favorable entry point for investors seeking AI storage exposure.
Sandisk currently sports a Zacks Rank #1 (Strong Buy) and has a Growth Score of A, a favorable combination that offers a strong investment opportunity, per the Zacks Proprietary methodology. You can see the complete list of today's Zacks #1 Rank stocks here.
Sandisk (SNDK +14.27%) has been a breakout success since it went public in February 2025, following its spinoff from Western Digital. The returns for this flash memory storage drive manufacturer for artificial intelligence (AI) accelerators, quite frankly, have been staggering.
After its IPO in February 2025, it began trading at $36 per share on Feb. 13, 2025. Roughly 17 months later, on July 20, it is trading at about $1,420 per share. That's a total return of roughly 3,844%, including a 470% year-to-date return.
What's even more shocking than that is that this return includes a massive sell-off in recent weeks.
Image source: Getty Images.
Sandisk stock had reached a closing high of $2,335 per share on June 25. At that point, Sandisk stock had a total return of almost 6,400% since its market debut. It was also up 885% year to date as of June 25. But since that June 25 high, it has dropped about 39% or nearly $1,000 per share.
So, what caused the sell-off, and is Sandisk still a buy, or is this the start of a long drawdown?
Staggering revenue growth The sharp decline in Sandisk's stock price is not due to any hiccup in its insane growth trajectory. Last quarter, its fiscal third quarter, revenue was up 97% from the previous quarter and 251% year over year. Earnings were $23.03 per share, up 347% sequentially and up from a $13.33 per share net loss a year ago.
The surge is due to extreme demand for memory storage drives to handle the flood of AI compute being unleashed in data centers and by hyperscalers. And because demand is so high, Sandisk has been able to increase prices, further fueling revenue gains.
For Q4 2026, Sandisk anticipates $7.75 billion to $8.25 billion in revenue, up 30% to 38% from Q3. Further, its gross margin is anticipated to increase from 78.4% in Q3 to 78.9%-80.9% in Q4.It is already sold out of its AI storage drives for 2026 and has at least $42 billion in backlog as of last quarter, so growth does not appear to be slowing down.
Is Sandisk a buy after the sell-off? Sandisk's rising valuation and broader concerns about unsustainably high stock prices among chipmakers and memory stocks have been catalysts for the recent sell-off. It has prompted investors to cash in on the huge profits they have accrued, which has brought down the share prices of Sandisk and other memory stocks.
Today's Change
(
14.27
%) $
198.45
Current Price
$
1,589.40
Sandisk's price-to-earnings (P/E) ratio rose to 45, the highest since it went public, again, in 2025. (Sandisk had been a public company from 1995 until 2016, when Western Digital bought it.) And its forward P/E rose to 21, which is higher, but still relatively cheap.
I really look at this sell-off as a reset for Sandisk. With Q4 earnings coming up on Aug. 5, investors can expect another blowout quarter and a robust outlook, and I wouldn't be surprised to see the stock rise again in the second half after this dip.
Wall Street agrees, as 77% of analysts rate it a buy with a median price target of $2,500, suggesting 74% upside.
Pozitivní nálada vydržela po celou obchodní seanci. Obrat na čipovém sektoru udržel technologický NASDAQ výrazně v plusu. Přesto klasické technologie z magnificent 7 skončily v záporu (Amazon -0,98 %). To vše se dělo při stále rostoucí cenně ropy. Investoři sledují především čísla hospodaření a geopolitika šla mírně stranou.
Z čipového sektoru se dařilo především výrobci paměťových čipů Micron +12,04 %, Sandisk +14% či výrobce procesorů Intel +8,64 %.
Automobilový koncern General Motors po zveřejněných kvartálních výsledcích přidal + 4,87 %.
Obrat zažily jak cenné kovy (zlato +1,85 %) tak kryptoměny (Bitcoin +1,61 %). Z růstu kryptoměn těžily akcie burzy Coinbase +9,67 %.
Index Dow Jones +0,74 % na 52223,93 b.
S&P 500 +0,89 % na 7509,21 b.
Nasdaq Composite +1,29 % na 25837,21 b.
Index S&P 500 +0,89 % na 7509,21 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Informační technologie +2,3 % Nezbytná spotřeba -1 % Energie +1,2 % Komunikační služby -0,8 % Zdravotní péče +0,6 % Utility +0 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Sandisk Corp (SNDK) +14 % Danaher Corp (DHR) -11 % Western Digital Corp (WDC) +13 % MSCI (MSCI) -10 % Micron Technology (MU) +12 % Tyler Technologies (TYL) -5,7 % Teradyne (TER) +12 % Halliburton (HAL) -5,5 % Coherent Corp (COHR) +11 % Gartner (IT) -4,5 %
Jan Pazourek, Fio banka, a.s.
Sandisk (SNDK +12.15%) stock soared for a second straight day Tuesday, exploding 10.5% higher through 10:45 a.m. ET despite the rest of the Nasdaq being in the red.
You can thank Taiwan Semiconductor Manufacturing Company (TSM +5.55%) for that.
Image source: Getty Images.
TSMC raises prices Nikkei Asia reports today that TSMC will raise its prices for contract chip manufacturing (for customers such as Nvidia and AMD, for example) by "up to 10%" in 2027 (with the potential for some chip prices to spike 20%). Nikkei reports that TSMC is making this move to offset "rising costs for materials, manufacturing equipment and construction of new overseas chip plants." But that's just one reason.
The other reason is that TSMC is raising prices because it can.
After all, rising input prices don't automatically allow a manufacturer to raise its product prices. If customers balk at the price, the manufacturer may need to eat the cost of the more expensive inputs -- putting its profits at risk.
This is not the case at TSMC, however. It can raise prices, and it will -- and demand for artificial intelligence remains so strong that its customers will have to pay the higher price.
Today's Change
(
12.15
%) $
168.94
Current Price
$
1,559.89
What this means for Sandisk But what does this mean for Sandisk stock? Sandisk makes its own semiconductor memory chips; it's not a TSMC customer. So the connection between the two stocks may not be immediately obvious.
But consider: Demand for AI chips is so robust that TSMC can raise prices by 10% to 20%. AI chips require memory chips to perform inference functions, and Sandisk makes memory chips.
Conclusion: If AI chip demand is strong, then memory chip demand is probably also strong; and if AI chip prices are increasing, then prices for Sandisk's memory chips will also go up.
So will Sandisk stock.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.
Sandisk (SNDK +12.15%) has had an unbelievable growth story this year. It was spun off from Western Digital in February 2025 in a fairly low-key restructuring, but by October, it had shot up, ending the year with a 650% gain. It has only continued to rise, and it's now up 3,810% since the spinoff.
The stock has soared after every one of the four earnings reports it has already posted, especially the last one. However, it's down 36% over the past month, trading around the price it was before the previous earnings report in May.
Should you buy Sandisk stock before fourth-quarter earnings results are released on Aug. 5?
Image source: Sandisk.
Memory is AI's hottest commodity The large artificial intelligence (AI) companies have already posted big gains. These were the obvious winners, like semiconductor stocks and large AI platforms. Nvidia and Palantir Technologies are probably the best examples.
While these companies are still growing rapidly, investors have been looking for other big opportunities, and one of the areas they've landed on is memory. Data centers need massive capacity to power training and inference, and the inference component requires a large amount of memory to process all the information. While several types of memory play a role, including high-bandwidth memory (HBM) and dynamic random-access memory (DRAM), which both serve to store information, NAND flash memory is a critical component, and few companies produce it. NAND stores information in an offset and is therefore important for low-power-consumption data storage; as AI models move toward deeper reasoning and agentic AI, this kind of non-volatile memory is crucial to the process.
As one of the few NAND memory providers, Sandisk has seen accelerating demand and, consequently, increasing prices. That has led to fantastic operating results, especially in its data center category.
What could happen on Aug. 5 Sandisk's third-quarter results for fiscal 2026 (ended April 3) were phenomenal, with a 251% year-over-year increase in revenue, a 78.4% gross margin, and an operating income of $1.1 billion, up from $2 million last year. It also made a change to its operating model, launching the "new business model" of long-term contracts to try to stabilize what could end up being a volatile business cycle.
For the fourth quarter, management is guiding for about $8 billion in revenue at the midpoint, up from $1.9 billion last year, and an 80% gross margin, up from around 26% last year.
Those are pretty fantastic results, and it's likely that Sandisk will surpass expectations, as it has for the past four quarters.
Today's Change
(
12.15
%) $
168.94
Current Price
$
1,559.89
So, you would think there's every reason to suspect the stock will soar on the news, and it might, especially because the stock is coming down. Sandisk was trading at a cheap P/E ratio of around 20 at the beginning of this year, but that ratio soared to 80 as the stock skyrocketed. That kind of valuation already includes some growth. At the current P/E ratio of 47, there's still room for the stock to rise on an earnings beat.
The bigger problem at this point might be fear about the future. AI stocks haven't been doing well as a category, since the market is worried about overspending. If clients pull back, Sandisk's unusual rise will come to an end.
I still think that there's room for Sandisk stock to jump after earnings, but investors need to be careful at this stage of the game. Many gains have been made, and as AI development continues to shift at a rapid pace, the winners and losers could change quickly. If you do want to invest in Sandisk's story, I wouldn't make it a prime position.
Although Sandisk Corp. (NASDAQ: SNDK) stock price has plunged over 30% during the past 30 days, Mark Newman, a Wall Street analyst from Bernstein, has reiterated a bullish outlook over the next 12 months.
Newman reaffirmed a Buy rating for the SNDK stock, according to a note sent to clients on July 21. The analyst further maintained a 12-month price target for SNDK stock at $3,000, thereby projecting a 115.68% upside.
Late last month, Newman raised the firm’s 12-month price target for Sandisk Corp. stock from $1,700 to $3,000. The Outperform rating for Sandisk stock was based on long-term agreements (LTAs), which provide structural pricing protection and reduce the company’s earnings volatility.
Bernstein estimates that the memory maker’s fiscal 2030 earnings per share (EPS) would still reach $214 with 60% of volumes covered by LTAs. As such, the firm increased its base-case estimates to $243 and $272 for fiscal year 2027 and 2028, respectively.
SNDK stock forecast and performance Following Newman’s affirmed SNDK stock forecast for 12 months, 17 Wall Street analysts surveyed by TipRanks have set an average price target of $2,041.88, suggesting a potential 36.76% upside.
SNDK stock forecast. Source: TipRanks These Wall Street analysts have issued a Strong Buy rating for SanDisk Corp. stock despite rising fears of an AI stock bubble burst, as Finbold pointed out. Earlier this week, Morgan Stanley (NYSE: MS) said the sell-off in U.S. memory stocks has created a compelling entry point.
Furthermore, the bank’s thesis is that the longer-term memory shortage could intensify in 2027 and 2028.
“There isn’t enough memory vs. AI requirements, and we just don’t see that changing,” Morgan Stanley reported.
Over the past 24 hours, Sandisk stock price has surged more than 11%, trading at roughly $1,496.66 at press time.
SNDK stock chart. Source: TradingView As a result, if SNDK stock price continues to rally in the coming days, its prior correction may end, with Newman’s 12-month price target likely to be reached.
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The stock market is having a sale right now on memory and storage stocks. Many of the biggest, high-flying names that have been dominant on the market this year are all down big. Micron Technology (MU +6.24%), Western Digital (WDC +8.36%), and Sandisk (SNDK +8.01%) have all declined by more than 20%, with the largest declines on this list at over 36%.
Is this a great reckoning taking place in the industry, or is this just a brief pause before the next stage of the rally for these growth stocks? Here's a look at how much these stocks are down right now, how their valuations look, and if they could be good buys on the dip.
Image source: Getty Images.
Micron has been iconic of the run-up in memory stocks this year, with its valuation at one point reaching nearly $1.4 trillion, making it among the most valuable companies in the world. That's around what electric vehicle maker Tesla is worth right now.
It's been a tremendous run for Micron, whose shares have soared more than 1,000% in five years. But in the past month, they're down roughly 24%. The big question is whether this is profit-taking or a sign of a greater bearish trend ahead.
Micron's fundamentals have been impressive as the company has generated an incredible $90 billion in revenue over just its past four quarters, and its profit during that stretch has totaled more than $50 billion. It was only a few years ago that the company was struggling to stay out of the red.
Today's Change
(
6.24
%) $
54.03
Current Price
$
919.49
The boom in artificial intelligence (AI) has driven significant growth for the business. Trading at a lowly five times its estimated future profits (based on analyst expectations), the stock is an incredibly cheap-looking buy. But there is a risk: if the shortage in memory and storage products comes to an end and prices end up coming down, the party could be over. For investors who believe AI has unlocked a new normal in demand for memory and storage products, Micron's stock could still soar and be a good buy.
Western Digital One stock that's down even more than Micron is Western Digital, whose products are known for their external hard drives and the excellent stability they provide consumers with. In the past month, the stock has fallen by 35%, but its five-year gains remain impressive at around 900%.
As more data is stored in the cloud, there's a greater need for backups and for the storage solutions Western Digital offers. It has been experiencing strong growth as well, but its numbers are nowhere near as impressive as Micron's. Revenue over the past 12 months has totaled $11.8 billion, and profits have also been excellent, totaling $6.4 billion.
Today's Change
(
8.36
%) $
40.76
Current Price
$
528.18
Western Digital may be a bit less volatile in its growth, but it's also a more expensive stock to own, as it's trading at 25 times its estimated future earnings, which is a bit rich given that the S&P 500 average is a multiple of less than 22. This is a stock that may be due to go lower, as its growth hasn't been as strong as Micron's to justify its massive run-up in recent years.
Sandisk Sandisk spun off from Western Digital last year, and since then, it's been scorching hot, with gains totaling close to 3,900%. It's an astounding return that has resulted in the stock now having a higher valuation ($206 billion) than Western Digital ($168 billion), the company it spun off from.
Its NAND flash memory has been in high demand as it's used in memory cards and USB drives. With such tremendous gains, however, it may not be surprising to learn that its losses are the most significant on this list, with Sandisk's stock falling 36% in the past month.
Today's Change
(
8.01
%) $
111.46
Current Price
$
1,502.41
This business has turned around sharply from being unprofitable in recent fiscal years to now generating strong profit margins. The sudden and rapid improvement in its earnings due to rising prices, however, raises concerns about its dependence on and need for high prices to be profitable. That, combined with the stock also not being all that cheap, trading at 21 times its forward earnings, is a reason I wouldn't rush to buy Sandisk, even despite it trading lower of late.
Sandisk Corporation (NASDAQ:SNDK) stock climbed over 10% in Tuesday’s session as bullish analyst commentary and a broader rally in technology stocks fueled buying in the memory-chip maker.
Nasdaq futures rose 1.30%, while S&P 500 futures gained 0.39%, supporting risk appetite across the technology sector.
Morgan Stanley Sees Memory Cycle StrengtheningMorgan Stanley analyst Joseph Moore said the recent pullback in U.S. memory stocks presents an attractive buying opportunity. He cited persistent data center memory shortages and forecast memory prices will rise at least 25% from the second quarter to the third quarter of 2026.
Moore said the current memory cycle remains driven almost entirely by data center demand, while weaker consumer electronics, PC and smartphone markets have weighed on investor sentiment. However, the firm’s channel checks found no evidence that supply constraints in the data center market are easing.
The analyst also said memory shortages could become even more severe in 2027 and 2028, adding that Morgan Stanley is buying the sector on weakness.
The positive analyst commentary comes as investors remain optimistic about the next phase of the memory cycle. A stronger broader market is also boosting higher-beta technology stocks, helping SanDisk outperform the wider market before the opening bell.
AI Memory Pricing Drives Micron SentimentHis reasoning is simple—if AI-driven price increases begin to weigh on PC and smartphone makers, or encourage new competitors to enter the market, today’s supercycle could prove shorter than investors expect.
He flagged expectations for overall memory demand to rise more than 50% to 60% next year, while AI-specific demand could climb 60% to 100%.
Sandisk Earnings And Analyst OutlookSandisk is scheduled to report quarterly results on Aug. 5.
Wall Street expects earnings of $33.38 per share, compared with 29 cents per share a year earlier. Revenue is projected to reach $8.24 billion, up from $1.90 billion in the prior-year period.
The stock trades at about 47.5 times earnings, reflecting a premium valuation.
According to analyst consensus, Sandisk carries a Buy rating with an average price forecast of $1,842.80. Recent analyst actions include:
Bank of America Securities: Buy; raised price forecast to $2,500 on July 1. Bernstein: Outperform; raised price forecast to $3,000 on June 30. Citigroup: Buy; raised price forecast to $2,500 on June 25. ETFs With Significant Sandisk ExposureSandisk is a major holding in several exchange-traded funds, including:
Large inflows or outflows in these funds can result in additional buying or selling of Sandisk shares.
Price ActionSNDK Stock Price Activity: SanDisk shares were up 10.14% at $1,532.05 at the time of publication on Tuesday, according to Benzinga Pro data.
Image via Shutterstock
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Index Dow Jones +0,17 % na 51927,75 b., S&P 500 +0,34 % na 7468,56 b., Nasdaq Composite +0,67 % na 25679,27 b.
Wall Street na začátku obchodování mírně roste, tažena zejména akciemi ze sektoru polovodičů a dalšími tituly spojenými s umělou inteligencí. Index S&P 500 +0,34 %.
Akcie 3M posilují o 9,5 % poté, co průmyslový konglomerát zveřejnil hospodářské výsledky za druhé čtvrtletí roku 2026. Očištěný zisk na akcii překonal odhady analytiků a společnost zároveň zvýšila celoroční výhled očištěného zisku na akcii i organického růstu tržeb.
Výrazně klesají akcie Danaher (-14 %). Společnost působící v oblasti life sciences, zveřejnila hospodářské výsledky za druhé čtvrtletí roku 2026, ve kterém tržby i očištěný zisk na akcii překonaly odhady analytiků. Firma zároveň zvýšila celoroční výhled očištěného zisku na akcii, avšak výhled růstu jadrových tržeb pro třetí čtvrtletí zaostal za průměrným odhadem analytiků.
Akcie společnosti Halliburton oslabují o 6,1 % poté, co tato společnost poskytující služby pro ropný průmysl vykázala za druhé čtvrtletí očištěný provozní zisk, který zaostal za průměrným odhadem analytiků v důsledku nižších marží, než se původně očekávalo. Očištěný provozní zisk činil 683 mil. USD, meziročně -6,1 %, při odhadu 688,7 mil. USD.
Index S&P 500 +0,34 % na 7468,56 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Informační technologie +1,4 % Nezbytná spotřeba -0,8 % Energie +0,8 % Komunikační služby -0,4 % Základní materiály +0 % Zdravotní péče -0,4 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Hasbro (HAS) +13 % Danaher Corp (DHR) -14 % Sandisk Corp (SNDK) +9,6 % MSCI (MSCI) -10 % Teradyne (TER) +8,7 % Equifax (EFX) -7,3 % Western Digital Corp (WDC) +8,4 % Genuine Parts (GPC) -7,0 % Coinbase Global (COIN) +8,4 % Halliburton (HAL) -6,1 % Zdroj: Bloomberg
Alta Advisers Ltd bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 555 shares of the data storage provider’s stock, valued at approximately $353,000.
Several other hedge funds and other institutional investors also recently modified their holdings of SNDK. Osaic Holdings Inc. acquired a new stake in shares of Sandisk in the 2nd quarter worth approximately $317,000. Merit Financial Group LLC acquired a new stake in shares of Sandisk during the 3rd quarter worth $408,000. Dimensional Fund Advisors LP purchased a new stake in shares of Sandisk in the third quarter worth about $100,080,000. First Trust Advisors LP purchased a new stake in shares of Sandisk during the third quarter valued at approximately $9,788,000. Finally, Blair William & Co. IL bought a new position in Sandisk during the 3rd quarter valued at $591,000.
Insider Buying and Selling In other news, Director Necip Sayiner sold 579 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the sale, the director owned 2,900 shares of the company’s stock, valued at $4,359,019. This trade represents a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the completion of the transaction, the chief accounting officer owned 22,375 shares of the company’s stock, valued at $31,910,777.50. This trade represents a 9.85% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 6,225 shares of company stock worth $10,166,297. Corporate insiders own 0.21% of the company’s stock.
Sandisk Stock Up 2.7% NASDAQ:SNDK opened at $1,390.95 on Tuesday. The firm has a market capitalization of $205.99 billion, a PE ratio of 48.35 and a beta of 4.74. The firm has a 50-day moving average price of $1,743.12 and a 200 day moving average price of $1,056.26. Sandisk Corporation has a 12-month low of $40.10 and a 12-month high of $2,354.39.
Sandisk (NASDAQ:SNDK – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping the consensus estimate of $14.17 by $9.24. The firm had revenue of $5.95 billion for the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. Sandisk’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, research analysts expect that Sandisk Corporation will post 64.52 EPS for the current year.
Analysts Set New Price Targets Several equities research analysts have weighed in on the company. UBS Group set a $1,700.00 target price on Sandisk in a research report on Monday, May 4th. Zacks Research cut shares of Sandisk from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Royal Bank Of Canada raised their price objective on shares of Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Wells Fargo & Company boosted their price objective on Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Finally, Weiss Ratings raised shares of Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,803.29.
Get Our Latest Stock Analysis on Sandisk
Sandisk News Summary Here are the key news stories impacting Sandisk this week:
Positive Sentiment: Memory and semiconductor stocks are rebounding sharply in Monday trading, lifting Sandisk along with peers as investors regain confidence after the recent selloff. Micron Jumps 5%, SanDisk Rises 6%, Western Digital Climbs 4% as Memory Stocks Rebound With Chips Positive Sentiment: Investors are viewing the memory-stock pullback as a strong entry point, which is encouraging dip-buying in SanDisk and other chip names. The Memory Stock Sell-Off Created a ‘Strong Entry Point,’ Says Morgan Stanley. Investors Are Buying In. Positive Sentiment: Morgan Stanley reportedly flagged several semiconductor and AI infrastructure stocks as attractive after the memory-equity selloff, supporting a broader rebound in the group. Banking giant names 7 stocks to buy after memory equities sell-off Positive Sentiment: Recent commentary remains constructive on Sandisk’s earnings power, citing strong revenue growth, higher margins, and its position in AI storage demand. Sandisk: The Math Supporting A Rare Opportunity Positive Sentiment: Additional bullish coverage says Sandisk remains attractive despite its big 2026 run, pointing to ongoing memory-chip shortage conditions. Sandisk: Even After a 580% Rise in 2026, It’s Still a Screaming Buy (NASDAQ: SNDK) About Sandisk (Free Report)
SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.
Featured Articles Five stocks we like better than Sandisk The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story Want to see what other hedge funds are holding SNDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sandisk Corporation (NASDAQ:SNDK – Free Report).
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Andar Capital Management HK Ltd acquired a new stake in Sandisk Corporation (NASDAQ:SNDK – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,800 shares of the data storage provider’s stock, valued at approximately $4,320,000. Sandisk comprises approximately 3.7% of Andar Capital Management HK Ltd’s investment portfolio, making the stock its 11th biggest holding.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. acquired a new stake in shares of Sandisk in the first quarter valued at about $25,000. Cedar Mountain Advisors LLC boosted its position in Sandisk by 2,750.0% during the first quarter. Cedar Mountain Advisors LLC now owns 57 shares of the data storage provider’s stock worth $36,000 after acquiring an additional 55 shares during the last quarter. Roble Belko & Company Inc purchased a new stake in Sandisk during the 1st quarter valued at about $39,000. Main Street Group LTD purchased a new stake in Sandisk during the 1st quarter valued at about $53,000. Finally, First United Bank & Trust purchased a new stake in Sandisk during the 1st quarter valued at about $54,000.
Sandisk Trading Up 2.7% Sandisk stock opened at $1,390.95 on Tuesday. The firm has a market capitalization of $205.99 billion, a P/E ratio of 48.35 and a beta of 4.74. Sandisk Corporation has a twelve month low of $40.10 and a twelve month high of $2,354.39. The stock’s fifty day simple moving average is $1,743.12 and its 200-day simple moving average is $1,056.26.
Sandisk (NASDAQ:SNDK – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping the consensus estimate of $14.17 by $9.24. The company had revenue of $5.95 billion for the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.Sandisk’s revenue for the quarter was up 251.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Sell-side analysts predict that Sandisk Corporation will post 64.52 earnings per share for the current year.
Insider Buying and Selling In other Sandisk news, CAO Michael Pokorny sold 2,446 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the sale, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. This represents a 9.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the transaction, the executive vice president owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 6,225 shares of company stock valued at $10,166,297. Corporate insiders own 0.21% of the company’s stock.
Analyst Upgrades and Downgrades SNDK has been the topic of several analyst reports. Raymond James Financial reiterated an “outperform” rating and set a $1,470.00 price target on shares of Sandisk in a report on Friday, May 1st. Citigroup raised their price target on shares of Sandisk from $2,025.00 to $2,500.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Wells Fargo & Company upped their price objective on Sandisk from $975.00 to $1,250.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Melius Research set a $2,350.00 price objective on shares of Sandisk in a report on Monday, May 18th. Finally, Zacks Research cut shares of Sandisk from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,803.29.
Read Our Latest Analysis on SNDK
Key Headlines Impacting Sandisk Here are the key news stories impacting Sandisk this week:
Positive Sentiment: Memory and semiconductor stocks are rebounding sharply in Monday trading, lifting Sandisk along with peers as investors regain confidence after the recent selloff. Micron Jumps 5%, SanDisk Rises 6%, Western Digital Climbs 4% as Memory Stocks Rebound With Chips Positive Sentiment: Investors are viewing the memory-stock pullback as a strong entry point, which is encouraging dip-buying in SanDisk and other chip names. The Memory Stock Sell-Off Created a ‘Strong Entry Point,’ Says Morgan Stanley. Investors Are Buying In. Positive Sentiment: Morgan Stanley reportedly flagged several semiconductor and AI infrastructure stocks as attractive after the memory-equity selloff, supporting a broader rebound in the group. Banking giant names 7 stocks to buy after memory equities sell-off Positive Sentiment: Recent commentary remains constructive on Sandisk’s earnings power, citing strong revenue growth, higher margins, and its position in AI storage demand. Sandisk: The Math Supporting A Rare Opportunity Positive Sentiment: Additional bullish coverage says Sandisk remains attractive despite its big 2026 run, pointing to ongoing memory-chip shortage conditions. Sandisk: Even After a 580% Rise in 2026, It’s Still a Screaming Buy (NASDAQ: SNDK) Sandisk Company Profile (Free Report)
SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.
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Palantir Technologies (PLTR +2.06%) and Sandisk (SNDK +2.67%) are two incredibly popular artificial intelligence (AI) stocks. However, Wall Street is looking at them differently right now.
Palantir was a poster child stock for AI for years, and it gained 1,800% from 2019 through 2025. Sandisk wasn't publicly traded as a separate company during most of the AI era, until February 2025, when it was spun off from Western Digital. Since then, it has gained an astounding 3,800%.
Both of these companies are reporting incredible growth, but while Sandisk stock soared after its latest earnings report, Palantir stock dropped. Here's why.
Image source: Sandisk.
Why Palantir stock dropped Palantir has many qualities that have made it an outstanding company and a fantastic stock to own over the past few years. It has a proprietary AI platform that unifies information from disparate silos for government and commercial clients, providing data analysis and insights, and helping leaders make informed, data-driven decisions.
There are several ways Palantir goes beyond being another AI platform. It sends in trained specialists to work with clients, and helps them embed the platform throughout their organizations. Between its long-term contracts with clients and its success at deeply integrating itself within their operations, it has erected a high barrier to entry for potential rivals.
Today's Change
(
2.06
%) $
2.72
Current Price
$
135.10
It attracts new business all the time from clients eager to get the most out of their own data, and it continues to demonstrate robust growth. In the first quarter, Palantir's revenue increased 85% year over year, with a 104% increase in U.S. commercial businesses. Total contract value increased 61%, and adjusted operating margin was 60%.
However, Palantir has been one of the most visible victims of the market's revolt against software-as-a-service (SaaS) stocks.
The chief concern is that AI agents can be built to perform many of the tasks SaaS companies handle. This technology is poised to become widely used, and as a result, investors are worried that Palantir's moat isn't quite as durable as it once appeared.
Palantir is also priced for perfection, making a share price drop almost inevitable. Its P/E ratio topped 600 last year; it's nearly impossible for any stock to sustain that kind of valuation for an extended period of time.
Why Sandisk stock is flying Sandisk, on the other hand, operates in a different part of the AI space. It's one of the only companies that makes NAND flash memory, which is critical for data centers, and it has been able to raise the prices it charges because the entire memory market is in the midst of a period of high demand and short supply.
"NAND flash is emerging as the only economically viable solution to deliver the capacity, performance, and efficiency required to keep models accessible for real-time inference at scale," said CEO David Goeckeler.
It also recently changed its business model, locking large clients into long-term contracts. That move will help add stability and steadiness to what has historically been a highly cyclical, boom-and-bust business.
Today's Change
(
2.67
%) $
36.13
Current Price
$
1,390.95
In Sandisk's fiscal 2026 third quarter (which ended April 3), revenue increased 251% year over year, and 97% sequentially. While the company is reporting growth in all of its segments, those fantastic results were driven primarily by the data center segment, where revenue increased 233% sequentially.
Sandisk is also highly profitable, and it has become more so as the memory shortage becomes more intense and its products grow more expensive. Operating income increased from just $2 million in the prior-year period to $4.2 billion in the fiscal third quarter.
Although Sandisk stock soared after its May 7 earnings report, it also started to drop in late June after it reached a lofty valuation of around 80 times earnings. It has since fallen back to a P/E ratio of about 47, and given back the lion's share of that post-earnings surge.
That means it's well-positioned to jump again if the company continues to report unceasing demand when it releases its fiscal fourth-quarter results on Aug. 5. By contrast, Palantir still has a lot to prove, trading at 149 times trailing-12-month earnings.
Being a Micron Technology (MU +1.93%) or Sandisk (SNDK +2.52%) shareholder was fantastic from Jan. 1 to June 30 this year. During that span, Micron's stock rose 304%, while Sandisk's rose 858%.
Many investors wait decades for returns like that, yet these two delivered those results in just six months. However, as soon as the calendar flipped to July, it has been all downhill from there.
Since then, Micro's stock has plummeted 26%, while Sandisk is down 40%. That's a rough change in sentiment for both groups of investors, but the question is: Is that sell-off warranted, or is the market just taking some gains?
Let's take a look at these two and see if now is the right time to buy the dip.
Image source: Getty Images.
The constraint in the memory chip market is benefiting these two Both Micron and Sandisk produce memory chips. Micron produces DRAM and NAND memory, while Sandisk only produces NAND, which retain data even after the power is shut off and are therefore great for long-term data storage.
In data centers, their most common use is in solid-state drives (SSDs), which are used in large quantities to store information. DRAM is high-speed memory and is used alongside computing units for quick access to data.
Today's Change
(
1.93
%) $
16.38
Current Price
$
865.33
Both of these types of memory are incredibly important in modern computing infrastructure. With unprecedented data center demand, nobody in the industry was prepared for how strong it would be. Right now, memory chips are essentially the biggest bottleneck in the AI building boom, which has caused their prices to skyrocket.
Sandisk and Micron are unbothered by this fact, as soaring chip prices mean increased revenue and profit for them. This trend is the reason these two skyrocketed during the past few months.
Now, with growing fears that AI computing capacity is being overbuilt, they have crashed. However, that fear is unfounded and refuted by comments from both companies.
Today's Change
(
2.52
%) $
34.21
Current Price
$
1,389.03
During Micron's most recent earnings announcement, management said that the "tightness" in the memory chip market will persist beyond 2027. That's a great sign for the long-term viability of the AI building boom and suggests that these two stocks aren't just smart short-term investments; they also have value over the long term, especially as the AI build-out ramps up.
I think this could be a great opportunity, with their current share prices making them excellent candidates to buy on the dip.
How high can they go? Because the memory chip market is cyclical, Wall Street is always hesitant to fully value stocks in this sector. However, if it becomes clearer that memory demand will persist for several years, the market may be more inclined to give Micron and Sandisk their full valuation.
The S&P 500 trades at 21.5 times forward earnings, so I'll use that as the bar to gauge where these two could be valued. They are trading far below that threshold and have major upside if they can rise to that level.
SNDK PE Ratio (Forward) data by YCharts; PE = price to earnings.
With forward earnings multiples of 11.6 (Micron) and 6.4 (Sandisk), these two stocks are cheap despite enjoying a generational opportunity. I think they have plenty of upside left, although investors may need to endure some sell-off pain during the next few months as the market looks for a bottom for them. The companies are growing into an unprecedented market, and that could result in more incredible gains during the next year and a half.
However, Micron Technology and Sandisk are not set-it-and-forget-it stocks. Investors must continue to monitor the memory chip market to ensure prices stay elevated. If they start to crash, these two will be right in the crosshairs of that trend.
A year ago, shares of Sandisk (SNDK +3.81%) traded below $50. As of this writing, they sit above $1,400 -- a gain of more than 3,000% in 12 months, and one of the biggest runs anywhere in the market.
That figure actually understates how hot the stock has been. Shares hit a record high of $2,354.39 earlier this summer before pulling back sharply.
A move like that usually means a mania or an earnings explosion. For Sandisk, it has mostly been the second one. But this is still the memory business, and the stock's second year looks much harder to handicap than its first.
Image source: The Motley Fool.
The earnings behind the moonshot Sandisk makes NAND flash memory, the storage chips inside everything from phones to the solid-state drives that data centers run on. For years, that was a brutal boom-and-bust business. Then the artificial intelligence (AI) build-out collided with tight supply, and storage prices took off.
The company's results tell the story in three acts. In the fiscal third quarter of 2025, Sandisk generated $1.7 billion of revenue with a 22.5% gross margin. By the fiscal second quarter of 2026 (the period ended Jan. 2, 2026), revenue had grown to $3.0 billion and gross margin had climbed to 50.9%. Then, in the fiscal third quarter of 2026, revenue nearly doubled sequentially to $5.95 billion (up 251% year over year) while gross margin expanded to 78.4%.
The mix is shifting toward the best customers, too. Sandisk's data center revenue went from $197 million in the year-ago quarter to $1.5 billion in the fiscal third quarter, a more than sevenfold jump powered by demand for enterprise solid-state drives. Its bigger edge business, which supplies chips for devices like smartphones and PCs, nearly quadrupled year over year to $3.7 billion. Consumer revenue, the one soft spot, slipped 10% sequentially to $820 million.
Profits followed. The company posted fiscal third-quarter non-GAAP (adjusted) earnings per share of $23.41, compared to a small loss in the year-ago period. Through nine months of fiscal 2026, revenue has more than doubled year over year to $11.3 billion.
Even more, management guided for fiscal fourth-quarter revenue of $7.75 billion to $8.25 billion with adjusted earnings per share of $30 to $33 -- yet another step up, and a forecast the company's next report will put to the test within weeks.
"This quarter marks a fundamental inflection point for Sandisk," said CEO David Goeckeler in the company's fiscal third-quarter earnings release.
Key to that claim is what the company calls its new business model: multi-year customer agreements backed by firm financial commitments. Sandisk ended the fiscal third quarter with three such agreements signed and has added two more since.
Today's Change
(
3.81
%) $
51.61
Current Price
$
1,406.43
Priced as if the party ends After all that, the growth stock trades at only about 8 times consensus earnings-per-share estimates for the next 12 months.
A multiple that low, on growth that fast, is the market saying it doesn't believe the earnings will stick. After all, memory has always been cyclical. Prices that triple on scarcity can fall just as fast when new supply arrives or demand pauses. And the same operating leverage that turned Sandisk's margin explosion into $23 of quarterly earnings per share would work in reverse.
Investors have already had a preview. Shares are down about 40% from their record high, and memory stocks broadly sold off again last week as investors questioned how long the AI spending boom can run.
With that said, there are real differences between this cycle and past ones. Those multi-year purchase commitments are designed to smooth the boom-and-bust pattern. The company also carries essentially no debt and ended the fiscal third quarter with $3.7 billion in cash.
If the new contracts hold pricing anywhere near current levels through 2027, today's valuation would prove far too low.
So, can the run continue? Not the way it happened. The 3,000% phase came from a once-in-a-cycle collision of scarce supply and desperate demand, and the stock's 40% pullback suggests the market knows it. From here, this is a bet on whether NAND pricing and those new commitments hold up. For investors convinced they will, a small position sized for serious volatility could make sense. Personally, I'd want to see the new business model prove itself (and the market demand hold up) for another quarter or two first -- even if that means paying a higher price later for more certainty.
Three straight days of selling came to a happy end for Sandisk (SNDK +3.81%) investors Monday, as the stock turned around and gained 5.6% through 1:45 p.m. ET.
You can thank Morgan Stanley for that.
Image source: Getty Images.
Morgan Stanley still loves memory stocks It's not entirely clear why investors have been selling memory stocks lately -- maybe because Taiwan Semiconductor (TSM +1.04%) said it was expanding semiconductor chip production (although that's probably actually good news for Sandisk) or maybe because investors are worried that demand for artificial intelligence chips is going to decline (although that's the exact opposite of what TSMC told us last week).
Either way, Morgan Stanley analyst Joseph Moore is thanking his lucky stars for the sell-off, and thinks it has created a buying opportunity in semiconductor stocks like Sandisk.
As reported on StreetInsider.com today, Moore admits that "data center strength is the only cause" for this year's incredible demand for memory chips -- but he's not worried that this strength will ebb anytime soon. Shortages of memory chips continue to get worse, not better, and Q3 memory prices are going to be up 25% from Q2, says the analyst.
Today's Change
(
3.81
%) $
51.61
Current Price
$
1,406.43
What this means for Sandisk Semiconductor stocks are notoriously cyclical, booming when demand and prices are high, only to crash as production increases, supply catches up with demand, and prices fall. That's the way this industry has always worked in the past. It's probably the way it will work in the long-term future.
That said, Moore sees little chance of supply catching up with demand this year, next year, or the year after that. For the time being, Sandisk's profits look safe, and this bodes well for the stock rebounding in the near term.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.
Americké akciové trhy dnes zdá se zastaví předchozí dvoudenní pokles, nálada ale zůstává opatrná a nejednotná. Investoři sledují především vývoj kolem konfliktu mezi USA a Íránem, kde americká armáda pokračovala devátou noc v útocích na íránské cíle s cílem chránit klíčové námořní trasy v okolí Hormuzského průlivu. Ropa během dne kolísala, ale její růst postupně vyprchal díky nadějím, že by se USA a Írán mohly vrátit k jednání o mírové dohodě. Riziková aktiva podpořil zejména návrat kupců do polovodičů po předchozích výprodejích, zatímco širší trh byl slabší — většina titulů v S&P 500 klesá. Tento týden zároveň začíná důležitá část výsledkové sezóny, když reportovat budou mimo jiné Alphabet, Tesla, General Motors a AMD. Trh bude u velkých technologických firem sledovat hlavně to, zda dokážou obhájit masivní výdaje na AI infrastrukturu.
Sektorově je nejvýraznější pohyb patrný u polovodičů, kde index velkých výrobců čipů v čele s Nvidií a Broadcomem roste o 2 % a pomáhá držet trh nad vodou. Oživení přichází poté, co se Philadelphia Semiconductor Index v minulém týdnu propadl do medvědího trhu nicméně část stratégů tento pokles označuje spíše za dočasný reset než začátek dlouhodobějšího ústupu od AI tématu. Na druhé straně zůstává patrná rotace investorů mimo nejvíce přeplněné technologické obchody směrem k cyklickým a hodnotovým segmentům trhu. Výnos desetiletého amerického dluhopisu roste o 5 bazických bodů na 4,60 %. Euro oslabuje o 0,2 % na 1,1415 USD. WTI roste jen o 0,1 % na 82,61 USD za barel, zlato mírně ztrácí 0,1 % na 4 011,52 USD za unci, zatímco kryptoměny posilují — bitcoin o 1,5 % na 65 436 USD a ether o 1,7 % na 1 898 USD.
Z jednotlivých titulů se do popředí dostal Alphabet (GOOG +2,02 %), který roste po zprávě, že Google vyvíjí čip zaměřený na zvýšení efektivity umělé inteligence. Boeing (BA -1,61 %) oznámil téměř 150 objednávek na úvod leteckého veletrhu Farnborough, což podpořilo vnímání silné poptávky v leteckém průmyslu, nicméně akcie klesají. AMC Entertainment (AMC +25 %) prudce roste po zveřejnění tržeb za druhé čtvrtletí, které překonaly průměrný odhad analytiků. Domino’s Pizza (DPZ +1,67 %) kosmeticky roste poté co růst srovnatelných tržeb v USA zpomalil na nejnižší tempo za pět čtvrtletí, což naznačuje opatrnější chování spotřebitelů v segmentu stravování mimo domov. Trh sleduje i plánované IPO Jersey Mike’s Subs, v němž firma a její akcionáři chtějí získat až 1,09 mld. USD, což zapadá do širšího oživení amerického trhu primárních emisí.
Index Dow Jones -0,3 % na 51988,06 b.
S&P 500 +0,21 % na 7473,25 b.
Nasdaq Composite +0,52 % na 25651,82 b.
Index S&P 500 +0,21 % na 7473,25 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Energie +1,1 % Základní materiály -0,8 % Komunikační služby +1 % Nezbytná spotřeba -0,7 % Informační technologie +0,7 % Zdravotní péče -0,6 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Lumentum Holdings (LITE) +6,5 % Honeywell Aerospace (HONA) -4,8 % Global Payments (GPN) +5,9 % Carvana (CVNA) -3,9 % Sandisk Corp (SNDK) +5,8 % Warner Bros Discovery (WBD) -3,8 % Coherent Corp (COHR) +5,4 % KKR (KKR) -3,5 % Teradyne (TER) +5,1 % Chipotle Mexican Grill (CMG) -3,5 %
Martin Varecha
Fio banka, a.s.
Prohlášení
Sandisk's (SNDK +4.11%) stock price has had a sensational run over the last 12 months, climbing over 3,100%. For anyone who invested recently, however, the period from July 13 to July 17 was jarring.
Several issues pushed the Sandisk stock price lower. Broadly, geopolitical uncertainty seemingly drove a rotation out of tech stocks. But specifically on July 17, a new artificial intelligence (AI) model out of China rattled U.S. chip stocks hard. From July 13 to July 17, Sandisk shares dropped 24.5%.
That said, it's not time to press the panic button. Sandisk is turning unprecedented demand for its memory and storage solutions into massive revenue growth, it's locking in long-term deals, and a $2,500-per-share price target projection suggests the stock still has plenty of room to run higher from today's prices.
Image source: The Motley Fool.
Sales keep flooding in AI models demanding more memory and storage solutions to run efficiently have been a boon for Sandisk. In its fiscal third-quarter earnings for 2026, it reported revenue climbed 251% to $5.9 billion. That's quite an impressive feat, considering its 2025 full-year revenue was $7.3 billion.
It also flexed its pricing power in the third quarter, with generally accepted accounting principles gross (GAAP) margin improving from 22.5% to 78.4%. It also reported GAAP net income of $3.6 billion, another noteworthy boost from the $1.9 billion net loss it reported in Q3 2025.
Sandisk's fourth-quarter 2026 earnings are also expected to be strong; revenue is expected to fall in a range of $7.75 billion to $8.25 billion.
In addition, it's important to remember that Sandisk is a cyclical company; it's setting up long-term contracts. In its third quarter, it signed three deals with a minimum contractual revenue of $42 billion. It also has five other deals that the management team should share more details on in the fourth quarter.
Today's Change
(
4.11
%) $
55.68
Current Price
$
1,410.50
What price targets suggest Of the 29 analysts tracked by CNN, the median price target for Sandisk over the next 12 months is $2,500. The highest price target tracked from those analysts is $3,250, while the lowest is $1,000.
We'll focus on the median to avoid outliers. From the closing price of $1,354.82 on July 17, if Sandisk were to reach that $2,500 price target over the next year, it would be a gain of 84.5%.
Looking at it another way, if Sandisk reaches $2,500, here's what a $5,000, $10,000, and $15,000 investment would roughly look like if an investor bought shares at the July 17 closing price of $1,354.82.
Investment
Investment Value at a $2,500 Stock Price
$5,000
$9,225
$10,000
$18,450
$15,000
$27,675
Calculations by author
That median $2,500 price target, however, shouldn't be the sole consideration for whether to buy shares. It also shouldn't be taken as a guarantee. Rather, it helps gauge the risk-to-reward setup of owning Sandisk.
While there may be more price swings ahead, there's nothing that indicates that Sandisk should be abandoned as a long-term investment consideration. As supply seems unlikely to meet demand any time soon, with Sandisk continuing to hold pricing power, it should remain a beneficiary of AI's insatiable need for memory and storage solutions.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
If you had the foresight to buy Sandisk (SNDK 3.74%) stock at the start of 2026, you're probably a happy investor. It's up a jaw-dropping 580% at the time of this writing, easily outperforming nearly every other stock in the market. However, the second half of 2026 hasn't been so pleasant. The stock is down by more than 30% from the high it touched in late June.
But I think this could be a great entry point. Sandisk remains a top option in this AI-powered market, and I think it could make investors a major return throughout the rest of 2026 for one simple reason.
Image source: The Motley Fool.
The memory chip crunch is far from over Sandisk makes NAND memory, which goes into data storage devices like solid-state drives (SSDs). SSDs are used heavily in AI data centers, as running AI applications properly requires accessing and storing massive amounts of information rapidly. There is currently far more demand for all types of data center memory than producers are able to supply, and that shortage has caused memory prices to soar over the past year. This is also why prices on personal computers have increased, and it's rumored smartphone makers may hike their prices to reflect their higher memory costs, too.
Sandisk
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The memory chip market has historically been cyclical, with demand rising and falling. However, with the AI infrastructure build-out expected to last beyond 2030, the current up phase of this memory chip cycle may be far more elongated than investors are used to, making Sandisk and its peers better investment options than they historically have been. One of Sandisk's peers, Micron Technology (MU +0.04%), told investors that it expects the memory chip market to remain supply-constrained beyond 2027, which points to at least another year and a half of strong results for Sandisk.
That's the outlook investors need to keep in mind when deciding if Sandisk stock is a good buy here, as its valuation looks incredibly attractive.
SNDK PE Ratio (Forward) data by YCharts.
Sandisk's fiscal year ends in June, so the steep drop-off in the chart above represents the point where the metric's calculation shifted to fiscal 2027's projections. If Sandisk can rise to about 30 times forward earnings to finish out fiscal 2027, then the stock could more than triple from today's level. That major upside potential makes Sandisk look like a great buy even after its 580% rise so far in 2026.
The AI build-out is far from over, and while memory chip manufacturers are in the process of boosting their production capacity, thus far, their increases haven't even come close to meeting demand. As a result, I think Sandisk is a solid buy now.
Allspring Global Investments Holdings LLC grew its position in Sandisk Corporation (NASDAQ:SNDK – Free Report) by 1,070.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,885 shares of the data storage provider’s stock after purchasing an additional 68,487 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.05% of Sandisk worth $51,875,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Cedar Mountain Advisors LLC boosted its holdings in Sandisk by 2,750.0% in the first quarter. Cedar Mountain Advisors LLC now owns 57 shares of the data storage provider’s stock worth $36,000 after acquiring an additional 55 shares in the last quarter. Roble Belko & Company Inc acquired a new position in shares of Sandisk during the first quarter valued at about $39,000. First United Bank & Trust acquired a new position in shares of Sandisk during the first quarter valued at about $54,000. Ascentis Independent Advisors purchased a new position in shares of Sandisk in the 1st quarter valued at approximately $59,000. Finally, Indiana Trust & Investment Management Co purchased a new position in shares of Sandisk in the 1st quarter valued at approximately $64,000.
Insider Activity In related news, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the transaction, the executive vice president directly owned 52,677 shares in the company, valued at $92,531,364.66. The trade was a 3.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Necip Sayiner sold 579 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the sale, the director directly owned 2,900 shares in the company, valued at $4,359,019. This trade represents a 16.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 6,225 shares of company stock valued at $10,166,297 in the last quarter. Company insiders own 0.21% of the company’s stock.
Wall Street Analysts Forecast Growth A number of analysts recently commented on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $1,400.00 target price on shares of Sandisk in a research note on Friday, May 1st. Barclays raised shares of Sandisk from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Weiss Ratings upgraded shares of Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 6th. Morgan Stanley boosted their price objective on shares of Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Finally, Raymond James Financial reissued an “outperform” rating and set a $1,470.00 price objective on shares of Sandisk in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Sandisk presently has an average rating of “Moderate Buy” and a consensus price target of $1,803.29.
View Our Latest Stock Analysis on Sandisk
Sandisk Stock Performance NASDAQ:SNDK opened at $1,354.38 on Friday. Sandisk Corporation has a one year low of $40.10 and a one year high of $2,354.39. The firm has a market cap of $200.57 billion, a price-to-earnings ratio of 47.08 and a beta of 4.74. The firm’s fifty day moving average is $1,746.25 and its two-hundred day moving average is $1,042.54.
Sandisk (NASDAQ:SNDK – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The business had revenue of $5.95 billion during the quarter. During the same period last year, the firm earned ($0.30) EPS. The business’s quarterly revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities research analysts predict that Sandisk Corporation will post 64.52 earnings per share for the current fiscal year.
Trending Headlines about Sandisk Here are the key news stories impacting Sandisk this week:
Positive Sentiment: Despite the pullback, several recent pieces remain constructive on Sandisk’s long-term setup, pointing to strong demand from AI infrastructure and tighter memory supply conditions that could support revenue and margins. Article Title Positive Sentiment: Sandisk’s valuation has come down sharply from recent highs, with some investors and analysts arguing the selloff may have made the stock more attractive relative to its growth outlook. Article Title Neutral Sentiment: Sandisk also announced progress on its Fab2 project with Kioxia and said BiCS10 sampling has begun, a development that supports its product roadmap but is not an immediate earnings catalyst. Article Title Negative Sentiment: Technical damage has intensified after the stock broke key support levels, with chart watchers citing a sharp drop from recent peaks and warning that momentum has turned decisively lower ahead of the next earnings report. Article Title Negative Sentiment: Sector-wide weakness, including concerns about Chinese competition and a broad AI-chip rotation, has added to the selloff in memory stocks such as Sandisk. Article Title Sandisk Profile (Free Report)
SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.
Further Reading Five stocks we like better than Sandisk Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs? The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story Why Intuitive Surgical’s Strong Quarter Still Spooked Investors Want to see what other hedge funds are holding SNDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sandisk Corporation (NASDAQ:SNDK – Free Report).
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Sandisk (NASDAQ:SNDK – Get Free Report) and DeFi Technologies (NASDAQ:DEFT – Get Free Report) are both business services companies, but which is the better stock? We will contrast the two businesses based on the strength of their analyst recommendations, valuation, risk, profitability, institutional ownership, earnings and dividends.
Profitability This table compares Sandisk and DeFi Technologies’ net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Sandisk 34.19% 44.06% 33.63% DeFi Technologies 56.94% 42.24% 5.73% Analyst Recommendations This is a summary of recent recommendations for Sandisk and DeFi Technologies, as reported by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Sandisk 0 5 19 2 2.88 DeFi Technologies 0 1 4 0 2.80 Sandisk currently has a consensus price target of $1,803.29, indicating a potential upside of 33.14%. DeFi Technologies has a consensus price target of $2.00, indicating a potential upside of 370.59%. Given DeFi Technologies’ higher probable upside, analysts clearly believe DeFi Technologies is more favorable than Sandisk.
Valuation and Earnings This table compares Sandisk and DeFi Technologies”s top-line revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Sandisk $7.36 billion 27.27 -$1.64 billion $28.77 47.08 DeFi Technologies $99.14 million 1.66 $62.41 million $0.10 4.25 DeFi Technologies has lower revenue, but higher earnings than Sandisk. DeFi Technologies is trading at a lower price-to-earnings ratio than Sandisk, indicating that it is currently the more affordable of the two stocks.
Risk and Volatility Sandisk has a beta of 4.74, indicating that its share price is 374% more volatile than the S&P 500. Comparatively, DeFi Technologies has a beta of 3.81, indicating that its share price is 281% more volatile than the S&P 500.
Summary Sandisk beats DeFi Technologies on 10 of the 13 factors compared between the two stocks.
About Sandisk (Get Free Report)
SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices. Its embedded products are used for embedded storage for mobile phones, tablets, notebooks and other portable and wearable devices, as well as in automotive and connected home applications. Its removable products include cards, USB flash drives, Wireless Drives and Digital Media Players at a range of storage capacities. It sells memory wafers and memory components.
About DeFi Technologies (Get Free Report)
DeFi Technologies, Inc. engages in the provision of investment services. It plans to acquire equity, debt, or other securities of publicly traded or private companies or other entities. The firm offers DeFi ETNs, DeFi Governance, DeFi Venture and DeFi Treasury. The company was founded by Olivier Francois Roussy Newton and Wouter Witvoet on April 14, 1986 and is headquartered in Toronto, Canada.
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As of July 15, the Sandisk (SNDK +0.45%) stock price is up by more than 3,000% in the last 12 months. Trading is a little choppy, and the stock is actually down significantly from the peak it hit last month, but as shares are still trading at around $1,400, investors may be curious whether a stock split is in the cards for the memory and storage company.
Sandisk's management team will ultimately decide whether to proceed with a split, but there are a few reasons it may consider holding off on performing one in the immediate future.
Image source: The Motley Fool.
No reason to rush The simplest reason why a management team may hold off on conducting a split is that there isn't an immediate need for one, because there's still solid demand for the stock.
Looking back a year ago, throughout all of July 2025, Sandisk was trading in the $40 range. That means there has been buying at $100, $500, $1,000, and higher. If investor demand is still there, a company can save itself legal fees and paperwork by not conducting a split.
Another reason a company may choose to forego a split is that it's looking out for its long-term shareholders. There's some research suggesting that, on average, the stock prices of companies that split their shares significantly outperform the S&P 500 in the 12 months that follow an announcement of the split. But announcing a stock split may attract short-term traders who are just trying to squeeze out quick gains. When they sell to book those profits, that could put downward pressure on the stock price.
Finally, with the rise of fractional investing, even stocks with lofty ticker prices are already in reach for most retail investors.
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Looking past a stock split Investors would be well advised to focus less on the possibility of a stock split, and more on the factors that could continue to drive Sandisk's financial gains. The memory business has long been known for its boom-and-bust cycles, as its fortunes depended on the demand for consumer electronics like phones, digital cameras, and laptops.
Thanks to the artificial intelligence (AI) infrastructure build-out, however, Sandisk has a new revenue gold mine. In the third quarter of its fiscal 2026, its data center segment revenue increased by a remarkable 645% to $1.4 billion. Its edge business segment, which provides storage solutions for applications that are increasing in AI use, such as car sensors and drones, saw impressive revenue growth of 295% to $3.6 billion.
The key will be to keep that revenue rolling in, even as memory and storage companies expand their production capacity and supplies eventually catch up with demand, but it appears Sandisk is on that path. It signed three multiyear contracts in its third quarter, with a minimum total contractual revenue of $42 billion. Sandisk has already signed additional multiyear contracts in its fiscal Q4, which it will provide more details on when it releases its results for that period.
If Sandisk locks in more long-term sales deals that allow it to move beyond the cyclicality that the memory and storage industry has been known for, it can keep rewarding shareholders. But expectations should be kept reasonable. Investors who buy in expecting gains in the next 12 months on par with those Sandisk delivered in the last 12 will likely be disappointed.
For most of the first half of the year, SanDisk Corporation NASDAQ: SNDK could seemingly do no wrong. The memory and storage giant was one of the market's most explosive performers, riding the wave of AI-driven demand to a series of fresh record highs.
Sandisk Today
$1,469.03 +57.95 (+4.11%)
As of 12:35 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$40.10▼
$2,354.39P/E Ratio51.22
Price Target$1,803.29
However, something seems to have shifted over the past few weeks, and the chart is now flashing warning signs that investors would be unwise to ignore.
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Since peaking near $2,350 on June 22, SanDisk has failed to make a new high. Worse still, it’s started putting in a pattern of lower highs and lower lows, the kind of technical structure that tends to make chart watchers nervous.
The stock is now trading below $1,500, in the $1,400's, having sliced through a level that had held firm for weeks—representing a drop of roughly 40% from its peak in just a few weeks. With earnings due in roughly three weeks, the question is whether the chart is signaling a healthy pause or a real breakdown.
The Levels That Matter Right NowThe most important line in the sand for SanDisk had been the $1,500 level. The stock bounced off it twice earlier this month, suggesting there were still buyers willing to step in and defend it. But each retest tends to weaken support rather than strengthen it, and $1,500 has now given way—a bearish development that shifts the focus to where the next floor lies.
Sandisk Corporation (SNDK) Price Chart for Friday, July, 17, 2026
With $1,500 gone, the chart doesn't offer much of a safety net until around $1,300, the next major area of support. That's a meaningful further drop from current levels, and it's exactly the kind of air pocket that can open up when a key floor breaks and the remaining buyers step back to wait for lower prices.
On the flip side, the bulls will point out that a stock that has risen as far and as fast as SanDisk has this year was always going to need to digest those gains at some point. A 40% pullback sounds dramatic, but in the context of the enormous run that preceded it, it can just as easily be read as a healthy reset rather than the start of something more sinister.
2 Fresh Catalysts Adding PressureThis technical weakness hasn't developed in a vacuum, and two recent developments have added to the pressure. The first came last week, when Erste Group downgraded SanDisk from Buy to Hold. That's notable not just on its own terms, but because it's one of the first bearish analyst moves on the stock in months, after a long stretch in which the analyst community had been almost uniformly positive.
The second dynamic is more unusual. The record-breaking initial public offering from South Korea's SK Hynix Inc. NASDAQ: SKHY last week introduced a fresh variable into the memory space. Rather than lifting sentiment, the fact that SK Hynix shares have traded with extreme volatility in their opening sessions appears to be spooking U.S. investors in memory names like SanDisk.
The read-through is that if one of the world's largest memory players is struggling to hold its valuation out of the gate, it raises uncomfortable questions about how richly valued the entire sector has become.
What to Watch for in the Earnings ReportWith the technical picture quite finely balanced, SanDisk's August 5 earnings report has taken on added significance, and there are a few specific things investors should be watching closely. The most important is pricing. The entire bull case for SanDisk this year has rested on the strength of NAND pricing driven by AI-related demand, so any commentary suggesting that pricing momentum is slowing, or any weakness in average selling prices, would be a red flag.
Beyond pricing, investors should watch for updates on the company's longer-term supply agreements. SanDisk has been locking in multi-year deals that provide revenue visibility, and any new contract signings or expansions of existing ones would reinforce the argument that this is a structurally stronger business than the market is currently giving it credit for.
Margin trends and forward guidance will also be scrutinized heavily, particularly any commentary on how the company sees demand shaping up into the back half of the year.
Reading the Tea LeavesSo what is the chart actually trying to tell us? It’s hard to ignore the feeling that SanDisk is at a genuine inflection point right now, and the way the chart goes in the coming sessions will say a lot about how it could trade through the rest of the year.
The current downtrend isn’t a great look, but it could also just be some well-earned consolidation after a monster rally. With $1,500 now in the rearview mirror, the practical takeaway for investors is to watch that $1,300 level like a hawk in the coming sessions and let the earnings report do most of the talking next month.
Should You Invest $1,000 in Sandisk Right Now?Before you consider Sandisk, you'll want to hear this.
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Sandisk (SNDK 12.63%) became a stand-alone public company again in early 2025 when it was spun out from Western Digital (which had acquired it in 2016). The separation was intended to position Sandisk's management to concentrate its resources and focus on NAND flash memory and enterprise-grade solid-state drives (SSDs) at a time when hyperscalers were sharply accelerating capital spending on artificial intelligence (AI) infrastructure.
That meant that Sandisk could more easily accelerate capacity expansions and technology road maps tailored specifically to the explosive storage requirements of large language model (LLM) training and inference deployments.
At the time of this writing, Sandisk stock trades at $1,539 -- a gain of roughly 3,748% from its 52-week low of $40 per share. The magnitude of this move inevitably prompts the question of whether the market has already priced the most optimistic upside scenario for Sandisk into its stock or whether meaningful appreciation potential remains.
Image source: The Motley Fool.
Analyzing Sandisk's business amid the AI memory supercycle Sandisk designs, manufactures, and sells NAND flash memory chips and the SSDs built from them. These products serve as the high-speed storage layer that AI systems rely on to hold training data and real-time inference outputs. As generative AI workloads scale up, the volume of data that must be stored and accessed has grown at a much faster pace than traditional enterprise or consumer storage demand ever did.
The result has been a memory supercycle in which both chip sales volumes and average selling prices are rising in tandem. Memory supplies are now far short of demand, and prices have soared. Sandisk's data center revenue and earnings per share (EPS) are growing at triple-digit percentage rates year over year, underscoring the company's operating leverage and improving gross margins as the adoption rates for AI surge toward ongoing compute capacity limits.
SNDK Revenue (TTM) data by YCharts. TTM = trailing 12 months. EPS = earnings per share.
Storage demand is becoming more secular During Sandisk's most recent earnings call, management told investors that the company had signed a series of multiyear supply contracts worth $42 billion. These agreements lock in sales volumes and prices, and provide Sandisk with clear revenue visibility well into the latter half of the decade.
Because the contracts are tied to the multiyear build-out of AI data centers rather than to a short-term device upgrade cycle, Sandisk's order book appears stable. That's a notable contrast to the boom-and-bust pattern that has historically plagued memory and storage producers. Investors can view the current demand surge as more secular and durable than transitory.
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Sandisk stock could continue soaring So far this year, Sandisk stock has rocketed upward by 563% -- making it the top performer in the Nasdaq-100 by a mile. With that said, smart investors understand that absolute percentage gains reveal very little about a company's valuation.
For the current fiscal year, Wall Street analysts estimate that Sandisk will report $66.51 in EPS. However, by next fiscal year, the consensus forecast points to a meaningful step change in profitability, with EPS expected to reach $208.22. On that basis, Sandisk trades at a modest forward price-to-earnings (P/E) multiple of just 7.6.
SNDK PE Ratio (Forward) data by YCharts. PE Ratio = price-to-earnings ratio.
In my view, Sandisk is set up for further valuation expansion based on a straightforward premise: AI infrastructure spending is projected to reach trillions of dollars annually over the next several years, and high-bandwidth memory (HBM) and storage form one of the indispensable pillars of that build-out. This positions Sandisk's earnings base to continue compounding through the combination of chip volume growth, pricing power, and operating leverage.
While periods of consolidation and sharp pullbacks in the stock are likely, any material decline would simply reset the entry point for a company whose AI-driven trajectory remains intact. On that basis, I see Sandisk as a compelling stock to buy and hold rather than as a name to exit in the wake of its tremendous rally.
Negativní sentiment se před koncem obchodní seance ještě více prohloubil. Může za to silný pokles technologického giganta Google, u kterého přišla zpráva, že je v několikaměsíčním zpoždění s vydáním nové vlajkové AI verze Geminy Pro 3.5. V prostředí velké konkurence to může mít neblahý efekt ztráty poptávky. Akcie Alphabet končí silnou ztrátou –4,43 %.
Nevalný výsledek zažil i čipový sektor, kde velkou váhu poklesu má na svědomí Micron -5,65 % či AMD -5,33 %.
Oproti tomu se dařilo defenzivním sektorům spotřebního zboží či služeb. McDonald přidal slušných +3,04 %, PepsiCo též +2,97 % a například kartová asociace Mastercard +3,04 %.
Ropa WTI stále mírně ztrácela -0,75 %. Negativní vývoj na burze tedy dnes nebyl ovlivněn negativní geopolitickou situací.
Index Dow Jones -0,2 % na 52553,62 b.
S&P 500 -0,51 % na 7533,89 b.
Nasdaq Composite -1,47 % na 25881,95 b.
Index S&P 500 -0,51 % na 7533,89 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Nezbytná spotřeba +2,9 % Komunikační služby -2,8 % Zdravotní péče +2,2 % Informační technologie -1,8 % Reality +2,1 % Zbytná spotřeba -0,3 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Abbott Laboratories (ABT) +11 % Sandisk Corp (SNDK) -13 % JB Hunt Transport Services (JBHT) +8,0 % Seagate Technology Holdings (STX) -10,0 % Fedex Freight Holding (FDXF) +7,5 % Corning (GLW) -9,2 % Erie Indemnity (ERIE) +7,5 % Western Digital Corp (WDC) -9,2 % Dexcom (DXCM) +7,2 % Marvell Technology (MRVL) -8,7 %
Jan Pazourek, Fio banka, a.s.
Americkým indexům se dnes nedaří. Po počáteční kladném otevření se v průběhu dne pomalu ale jistě sunou do záporných hodnot, momentálně s výjimkou Dow Jones, který je na kladné nule. Technologický sektor je i nadále tlačen vahou čipového sektoru, který nadále koriguje letošní růstovou rallye. V Americké společnosti se začíná objevovat napětí kolem sektoru umělé inteligence, přičemž se začíná mluvit o její regulaci. V obci v Michiganu se lidé postavili proti výstavbě datového centra za 16 mld. USD, který má být velkým společným projektem firem Oracle, Open AI, Related Digital, Blackstone a Walbridge. Investoři jsou tedy stále opatrní, co se týče budoucnosti tohoto sektoru.
Nejlépe se daří klasickým technologickým společnostem těžící z poskytování výpočetního výkonu, takzvaný hyperscaleři. Microsoft přidává +1,88 %. V čele poklesu v čipovém sektoru je opět Micron, který odepisuje -6,11 %. Podobně je na tom ARM -8,41 %.
Oproti nim se kapitál opět přelévá do defenzivních titulů. Zde excelují například McDonald +2,6 % či MasterCard +2,4 %. Daří se i realitnímu sektoru, kterému pomáhá vidina nadále se nezvyšujících úrokových sazeb. Lídr na tomto trhu Realty Income přidává slušné 3 %. Vici Properties pak +2,57 %. Opačný efekt to má na cenné kovy, kde zlato odepisuje -1,38 % a bojuje o udržení supportní úrovně 4000 USD.
Geopolitický vývoj v Hormuzském průlivu mírně ustrnul, nelepší se ale ani nehorší. Ropa WTI osciluje kolem nuly a nyní odepisuje -0,67 %.
Index Dow Jones +0,1 % na 52711,63 b.
S&P 500 -0,24 % na 7554,53 b.
Nasdaq Composite -0,84 % na 26048,65 b.
Index S&P 500 -0,24 % na 7554,53 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Nezbytná spotřeba +2,3 % Informační technologie -1,7 % Zdravotní péče +2 % Průmysl -0,2 % Reality +1,5 % Utility -0,2 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Abbott Laboratories (ABT) +11 % Corning (GLW) -10 % Erie Indemnity (ERIE) +9,5 % Sandisk Corp (SNDK) -10 % Cintas Corp (CTAS) +7,1 % Western Digital Corp (WDC) -9,9 % Ingersoll Rand (IR) +6,9 % Seagate Technology Holdings (STX) -8,6 % JB Hunt Transport Services (JBHT) +6,6 % Marvell Technology (MRVL) -8,4 %
Jan Pazourek, Fio banka, a.s.
Sandisk (SNDK 10.60%) stock sold off for a second straight day Thursday -- but why?
Shares of NAND semiconductor memory chip manufacturer tumbled 9.6% through 11:15 a.m. ET after Taiwan Semiconductor Manufacturing Company (TSM 3.04%) beat analyst estimates in its Q2 earnings report, growing profits 77% year over year. But TSMC also warned investors will spend upwards of $60 billion on capital investment this year, versus prior forecasts of about $54 billion.
Image source: Getty Images.
Good news for TSMC isn't bad news for Sandisk Investors punished TSMC with a 2.2% sell-off today despite the good earnings news -- worrying TSMC's spending too much expanding capacity, and hurting its free cash flow. And yet, many of the chips TSMC is producing are CPUs and GPUs for artificial intelligence customers, and these chips will need to be paired with NAND flash memory chips from Sandisk to perform their functions.
In other words, more investment and more chip production from TSMC should increase demand for Sandisk chips and increase Sandisk's profits.
Today's Change
(
-10.60
%) $
-171.23
Current Price
$
1,443.77
What's next for Sandisk Viewed from that perspective, TSMC's decision to invest heavily in expanding chip production for its customers isn't bad news for Sandisk at all. It speaks to the continued strength of demand for semiconductor chips to AI applications, and supports the thesis that demand for memory chips (for the same purpose) continues to grow -- and Sandisk's profits alongside.
Granted, Sandisk's profits can't expand forever. Granted, competition is growing, and TSMC's investment plans are a big example of how other companies -- including Sandisk's competitors -- are expanding production. Eventually, this will result in the usual cyclical effect of supply catching up with demand, chip prices falling, and profit margins eroding.
But that's not happening today. For the time being at least, Sandisk's profits look safe.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.
Sandisk (SNDK 10.79%) stock has accelerated in 2026 as the company taps into the surging demand for memory processors. Sandisk is a leader in NAND Flash memory, which is used for everything from smartphones to artificial intelligence data centers.
And it's that second category that's helped push Sandisk stock so high.
Its share price is up an astonishing 857.8% through the end of June, according to data from S&P Global Market Intelligence, as tech companies gobble up all available memory chips for AI data centers.
Here's why Sandisk stock has been a breakout success so far this year, and why it'll likely continue to benefit from the growing memory market.
Image source: The Motley Fool.
Investors are riding a massive memory wave with Sandisk The first impressive share price gains from Sandisk came back in January, when the memory stock surged 143%. Investors were starting to catch on to the fact that as more tech companies invest in AI infrastructure, they'll need far more memory chips.
Some of the biggest technology companies will spend up to $800 billion on capital expenditures (capex) this year, mostly on AI, and part of that spending will trickle down to buying more memory processors.
Rising demand is causing a shortage in memory chip supply, leading to Sandisk and other memory companies, including Micron Technology, to raise their prices. The result of this has caused the gross profit margins for Sandisk to soar to 78% in Q3 2026, compared to just 51% in the year-ago quarter.
Investors were excited to see such high margins, and they appreciated that revenue rose 251% to $5.9 billion and that earnings swung dramatically from a loss of $0.30 per share in the year-ago quarter to earnings of $23.41 per share.
Adding to the optimism for Sandisk's stock this year is the fact that the company signed five multi-year supply agreements with major tech companies, and received $11 billion in guarantees from the deals.
Today's Change
(
-10.79
%) $
-174.18
Current Price
$
1,440.83
What to expect for the rest of 2026 The big picture here for Sandisk and its shareholders is that demand for memory processors is still very high and will likely help Sandisk continue to generate strong sales and earnings growth, especially through this year and likely longer.
Investors will get more insights when the company reports its fourth-quarter results on Aug. 5. Analysts' consensus estimates are for sales of $8.4 billion and earnings of $34.12 per share.
AI infrastructure spending is still well underway and could potentially reach as high as $1 trillion next year . There doesn't appear to be a a slowdown in memory demands among tech companies, which means Sandisk shareholders could have more good times ahead.
Index Dow Jones -0,02 % na 52647,4 b. S&P 500 -0,45 % na 7538,29 b. Nasdaq Composite -1,08 % na 25985,74 b.
Nejsledovanější americké indexy v úvodu obchodování ztrácejí. Podle agentury Bloomberg výprodej akcií výrobců čipů táhne dolů celý akciový trh kvůli obavám, zda masivní investice do umělé inteligence dokážou ospravedlnit jejich vysoké valuace. Trh oslabuje také pod vlivem rostoucích cen ropy, které tlačí nahoru výnosy dluhopisů.
Zdravotnická společnost Abbott Laboratories (+14 %) posiluje poté, co zvýšila svůj celoroční výhled očištěného zisku na akcii, přičemž tento aktualizovaný výhled překonal průměrný odhad analytiků. Firma zároveň vykázala za druhé čtvrtletí očištěný zisk a čisté tržby, které předčily očekávání. Podrobnosti připravujeme v samostatné zprávě.
Daří se také akciím poskytovatele služeb v oblasti nákladní dopravy J.B. Hunt Transport Services (+8,1 %) poté, co společnost vykázala za druhé čtvrtletí očištěný zisk na akcii, který překonal průměrný odhad analytiků. Analytici vyzdvihují pokrok v jejím intermodálním podnikání, v němž společnost využívá dva nebo více způsobů přepravy.
Své výsledky zveřejnily také společnosti UnitedHealth Group (+7,9 %), General Electric Aerospace (-4,9 %) a TSMC (-2,5 %). Podrobnosti naleznete v jednotlivých zprávách.
Index S&P 500 -0,45 % na 7538,29 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Zdravotní péče +2,5 % Informační technologie -2,1 % Nezbytná spotřeba +2,2 % Průmysl -0,4 % Energie +1,1 % Komunikační služby -0,3 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Abbott Laboratories (ABT) +14 % Sandisk Corp (SNDK) -8,8 % JB Hunt Transport Services (JBHT) +8,1 % Seagate Technology Holdings (STX) -8,2 % UnitedHealth Group (UNH) +7,9 % Corning (GLW) -8,0 % Erie Indemnity (ERIE) +7,8 % Western Digital Corp (WDC) -7,5 % Dexcom (DXCM) +7,2 % Marvell Technology (MRVL) -6,6 % Zdroj: Bloomberg
The market tends to broadly group stocks into two buckets: growth and value. Growth stocks are those that are growing faster than the market, while value stocks are those that are far cheaper than the market. However, there are several subcategories that investors need to understand. I think the most exciting is hypergrowth, which meets the criteria for a growth stock but is growing so fast that it needs to be analyzed differently.
These stocks can deliver jaw-dropping gains in a short time frame and make for fantastic investments for investors looking for ultimate upside. I've got three stocks that easily fit this category, and each looks poised to soar.
Image source: Getty Images.
Micron and Sandisk I'm grouping Micron (MU 7.72%) and Sandisk (SNDK 8.32%) together because they have very similar investment theses. Both make memory chips, which are vital for nearly every computing device. Micron makes both NAND and DRAM memory, while Sandisk solely makes NAND. Although the applications for each of these memory types are different, both of them are in enormous demand thanks to increased artificial intelligence (AI) data center build-outs.
With the data center build-out not slowing down anytime soon, that will further increase supply pressure on these components. When demand is high and supply is low, commodity prices skyrocket, and that mechanism has pushed Micron's stock far higher during the past few months. But it could easily go even higher.
Today's Change
(
-7.72
%) $
-75.89
Current Price
$
907.23
Micron told investors that it expects the shortage in the memory chip market to persist beyond 2027. That bodes well for its future, and that's reflected in Wall Street's projections.
For fiscal year (FY) 2027 (which ended in June), Wall Street expects Sandisk's revenue to rise 143%. Micron's FY 2026 ends next month, so using FY 2027's projections is valid. Next year, Wall Street expects 81% growth, easily meeting hypergrowth levels.
Despite that, each company's shares trade for a relatively cheap price tag.
SNDK PE Ratio (Forward) data by YCharts
The cheap price tag is the market pricing in skepticism of long-term memory chip prices remaining elevated. However, Micron told investors they can expect high prices for at least another year and a half, which is plenty of time for investors to make major returns with these two stocks.
Nvidia Nvidia (NVDA +0.29%) is the original hypergrowth stock in the AI realm, and it has delivered incredible returns year after year. However, 2026 hasn't been the same, and the stock is up about 13% on the year, well below historical levels. But that doesn't mean Nvidia isn't growing rapidly.
There is a huge demand for Nvidia's GPUs (graphic processing units) and other products. During its last quarter, Nvidia reported 85% revenue growth, and next quarter, Wall Street expects nearly 100% growth. That easily meets the criteria for a hypergrowth stock, and I think there is still major growth ahead.
Nvidia's stock isn't priced all that expensive at about 23 times forward earnings. Plus, there are several impending catalysts, such as its new Rubin chip architecture and increased data center spending. This year, the AI hyperscalers expect to spend about $650 billion on data center capacity increases. Next year, Nvidia estimates that figure could top $1 trillion.
Nvidia likely has information about future orders, so trusting what it says is a pretty safe bet. That makes Nvidia a strong candidate to continue putting up strong results while its revenue rises at a rapid rate, especially considering its size.
I think Nvidia, Micron, and Sandisk are among the most impressive companies available on the market right now, and their growth status will propel their stocks to new heights during the next year or so.
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Stock Market Jumps As Inflation Eases; IBM Warns, But Chip, Security Software Names Fly Memory stocks plunged on Wednesday along with shares of other hardware providers for AI data centers. The steep drops took many on Wall Street by surprise, given the strong fundamentals for those companies. Highflying Sandisk (SNDK) stock was among the decliners. On the stock market today, Sandisk tumbled 8.1% to close at 1,615. With the drop, the memory-chip maker fell…
Sandisk (SNDK 8.13%) stock slid 7.3% through 3:05 p.m. ET Wednesday after Argus Research initiated coverage of the computer memory stock with a lukewarm "hold" rating in the midst of widening worries about the durability of demand for pricey computer memory chips.
Image source: Getty Images.
Why Argus isn't ardent for Sandisk In Argus's note, covered on TheFly.com today, the analyst admits Sandisk is "well-positioned ... in NAND flash solutions." This is hardly new information, however, and investors have already rewarded Sandisk for its leading position with a more than 4,000% increase in share price this year.
Argus acknowledges the logic: Sandisk makes NAND, which artificial intelligence data centers need to run their AI chips. Supply is low, demand is high -- and rising -- and this has driven up both prices and profit margins to great heights.
Argus expects this trend to continue, but also wants to hedge against the risk that "any tempering in demand could cause a severe reaction in product pricing and the share price."
Today's Change
(
-8.13
%) $
-142.82
Current Price
$
1,615.00
Is Sandisk stock safe? I agree -- to an extent.
Priced at 60 times trailing earnings, Sandisk stock looks cheap today, especially with analysts forecasting profits to more than triple next year, and then rise another 32% in 2028. So Sandisk probably has room to run in the short term.
Longer term, though, NAND supply will catch up with demand. Sandisk profits could drop dramatically in 2029 -- and return to 2026 levels by 2030. Contrary to bullish hopes that computer memory prices will only go up forever, many analyst forecasts suggest the semiconductor industry remains a cyclical industry.
The boom has been exciting, and the bust may not happen soon -- but it will happen eventually. People selling Sandisk today are just making sure they don't get trampled when everyone heads for the exits.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
SanDisk (NASDAQ:SNDK | SNDK Price Prediction) and Micron Technology (NASDAQ:MU) both just delivered the kind of quarters that memory investors dream about.
SanDisk posted a 251.03% revenue surge on NAND flash strength, while Micron rode HBM and DRAM to 345.72% growth. Two very different memory playbooks. One shared tailwind: AI infrastructure spending that refuses to slow down.
NAND Flash Roars for SanDisk. HBM Rewrites Micron’s Story. SanDisk’s Datacenter segment did the heavy lifting, generating $1.47 billion at a jaw-dropping +645% year over year. Gross margin swung from 22.5% to 78.4% in a single year, which tells you pricing power has completely inverted.
CEO David Goeckeler framed it as “a fundamental inflection point for Sandisk”, pointing to five signed multi-year customer agreements and engagement with five hyperscalers. That is real backlog with contractual visibility.
Micron played a bigger board. Cloud Memory hit $13.77 billion, Core Data Center added $11.52 billion, and gross margin expanded to 84.6%. HBM4 is already shipping in high volume to the lead AI accelerator customer.
Sanjay Mehrotra said “memory has become a strategic asset for our customers”. The $7.83 billion quarterly capex bill is the price of holding that HBM crown.
Pure NAND Play Versus the Full Memory Stack Business Driver SanDisk Micron Core AI Product High Bandwidth Flash, BiCS8 NAND HBM4, 1-gamma DRAM Balance Sheet Zero long-term debt Heavy capex, $325 million debt prepay loss Shareholder Return New buyback authorization Dividend plus $650 million buybacks YTD Forward PE 26 6 SanDisk is betting the farm on flash for AI inference workloads, where High Bandwidth Flash could cheapen memory-intensive model serving.
Micron is playing every position on the field: HBM for training, DDR5 for servers, LPDDR5X for phones, QLC SSDs up to 245TB, and even robotaxi automotive DRAM. Breadth is Micron’s moat. Focus is SanDisk’s.
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The Next Test Is Whether Guidance Sticks SanDisk guided Q4 revenue to $7.75 billion to $8.25 billion and EPS to $30 to $33. Micron pointed to $50 billion and roughly 86% gross margin. Yet both stocks have cooled after their earnings reports. SanDisk is down 15.46% over the past month, and Micron slipped 10.62% since its June 24 filing. That looks like digestion after a strong run.
I will be watching whether SanDisk can convert hyperscaler engagements into visible ramp guidance beyond Q4, and whether Micron’s HBM4E schedule for calendar 2027 holds against fierce Korean competition.
If you want a sense of how far the memory rerating could travel, our team’s Next Nvidia Playbook lays out the framework I keep returning to.
Micron for Value, SanDisk for Torque On the numbers, Micron screens as the cleaner risk-reward. A 6 forward PE on a company with 80.4% operating margins and HBM leadership is difficult to argue with, and the 40 combined buy and strong-buy ratings back that up.
SanDisk is the higher-torque play. Its 605.19% year-to-date run reflects a NAND-only story that could still deliver if High Bandwidth Flash lands, but it trades at a much richer forward multiple.
Micron offers durability and cash return, while SanDisk offers asymmetric upside on a single product bet. The two profiles suit different investor objectives.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut. Grab the names FREE today.
