Sandisk

SNDK

Market cap $93.8B

AI hyperscalers are beginning to allocate a greater share of their capital investments into memory chips and data storage hardware. Micron and Sandisk are category leaders in AI memory and storage solutions.

SNDK's pure-play NAND focus, hyperscaler traction and valuation edge test MU as AI memory demand reshapes the storage landscape.

Sandisk has become popular among AI-focused investors, thanks to its role in the memory-storage market. Wall Street is calling for strong revenue and profit growth for Sandisk, thanks to rising AI infrastructure spending.

Nvidia (NVDA) remains the central focus of markets after the Mag 7 giant posted eye-popping earnings. Kevin Green will watch today's price action to confirm confidence in a run higher.

Sandisk's stunning rally is likely to continue thanks to a potentially massive jump in its earnings. The stock remains cheaply valued despite its phenomenal surge, suggesting that it has room to run higher.

Sandisk Corporation (SNDK) Presents at Bernstein Insights: What's next in tech? - 4th Annual Tech, Media, Telecom Forum Transcript

Micron and Sandisk have already registered huge gains in 2026, and they aren't done soaring yet. The favorable memory-market dynamics are poised to supercharge their growth this year, though in varying degrees.

-    SK hynix and Sandisk form a joint workstream under OCP to start standardization  -    New memory layer between HBM and SSD to secure scalability and power efficiency in AI inference infrastructure SEOUL, South Korea, Feb. 25, 2026 /PRNewswire/ -- SK hynix Inc. (or "the company", www.skhynix.com) and Sandisk Corporation held 'HBF Spec. Standardization Consortium Kick-Off' event at Sandisk Headquarters in Milpitas, California on the 25th(local time) announcing global standardization strategy of next-generation memory solution HBF(High Bandwidth Flash) aimed at the AI inference era.

SanDisk (SNDK) stock has surged by 35% over the past month and is presently priced at $638.52, significantly outperforming the broader semiconductor sector. The rally has been fueled by accelerating revenue growth, improving gross margins, and strong demand for high-capacity memory products tied to AI infrastructure and data center expansion.

Sandisk obliterated the Street's revenue and EPS expectations for Q2 results and Q3 guidance. Q3 guidance calls for $4.4–$4.8B in revenue and $12–$14 EPS, driven primarily by a hike in memory ASPs. This hike was seen across all segments, not just the data center. Gross margin jumped to 51.1% from 29.9% in Q1. On top of that, the Q3 guide implies 64.9%–66.9%. In other words, management sees no memory ASP digestion phase yet.