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Sandisk (SNDK) Stock Surges 166% in 2026 as AI Demand Drives Flash Memory Boom

Sandisk (SNDK) Stock Surges 166% in 2026 as AI Demand Drives Flash Memory Boom

Published:
2026-02-17 10:57:01
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Sandisk Corporation has emerged as a standout performer in 2026, with its stock soaring 166% year-to-date. The surge comes as AI data centers create unprecedented demand for flash memory solutions, mirroring Nvidia's early AI-driven growth trajectory.

The company reported staggering Q2 fiscal 2026 results, with revenue jumping 61% year-over-year to $3 billion and earnings increasing more than fivefold. A severe NAND flash supply shortage has allowed Sandisk to double prices for enterprise 3D NAND solid-state drives, demonstrating remarkable pricing power.

Analysts project Sandisk's earnings will skyrocket from $2.99 per share in fiscal 2025 to $39.45 in fiscal 2026. The high-bandwidth memory market, currently valued at $35 billion, is expected to grow at a 40% CAGR to $100 billion by 2028.

Once known for consumer flash drives, Sandisk has successfully pivoted to become a critical supplier for AI infrastructure. Its transformation highlights how legacy tech companies can reinvent themselves to capitalize on the AI revolution.

|Square

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