SanDisk (SNDK) Stock Soars 1015% as AI Memory Demand Reshapes Tech Markets
SanDisk Corp (SNDK) has become the unlikely star of the tech sector, with its stock skyrocketing 1015% over six months. The surge reflects a seismic shift in memory chip demand as artificial intelligence systems require exponentially more storage and data bandwidth than traditional computing.
Recent trading sessions saw the stock extend its gains with a 30% five-day rally, adding $17 billion in market capitalization. At $74 billion, SanDisk now dwarfs many established tech players. Bernstein analysts have raised their price target to $580, citing structural shortages in NAND flash memory that could persist until 2028.
The memory sector's transformation mirrors crypto's infrastructure boom during previous cycles. Just as blockchain networks needed specialized hardware, AI systems are driving unprecedented demand for high-performance memory solutions. This parallel suggests potential spillover effects for decentralized computing projects and crypto-native storage networks.