Sandisk

SNDK

Market cap $251B

Stanley Druckenmiller just made a few portfolio moves that Wall Street is watching rather closely. The billionaire founder of Duquesne Family Office – widely regarded as the most influential active money manager since Warren Buffett's retirement – has completely exited his position in Alphabet and piled into five AI hardware stocks instead.

Sandisk Corporation (SNDK) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript

Fund manager Gavin Baker identified a "cross-sectional inefficiency" in AI stocks. He argued that valuations can't be accurate for both the cheap and expensive stocks in AI.

Shares of the memory chip maker are soaring amid rising demand for its critical products. The stock's valuation looks extremely low on the surface.

Even stocks in the beleaguered software industry have been on fire.

SNDK's QLC Stargate is set for Q4 FY26 shipments, targeting AI data-center storage demand and adding a new growth path beyond TLC SSDs.

Semiconductor stocks have looked virtually unstoppable this year, and while the year-to-date rally looks unsustainable and adds more air into a bubble that was already on the verge of becoming far larger than in any other corners of the AI trade, questions linger as to what could prick the bubble.

SNDK has surged since its 2025 spin-off as AI-driven memory demand, strong pricing and new contracts fuel rapid revenue growth.

Shares of Super Micro Computer (NASDAQ:SMCI | SMCI Price Prediction) are up 9% on Thursday while SanDisk (NASDAQ:SNDK) stock is rising 4%.

Memory-chip makers Micron and Sandisk scored price-target hikes from Wall Street analysts on Thursday. Both stocks are at record highs.