SanDisk Pops 4% as AI Demand and NAND Price Tailwinds Keep the Memory Chip Sector Hot [Yahoo! Finance]
Bank of America Corporation (BAC)
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Source: Yahoo! Finance
SanDisk's diversification beyond NAND—including $1B Nanya stake acquisition, SK Hynix partnership for High Bandwidth Flash, and extended Kioxia joint venture—reflects a strong structural positioning. Analysts are generally positive on SNDK stock, mainly citing sustained AI infrastructure demand as the bull thesis foundation. The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE SanDisk NASDAQ:SNDK ) shares are up 4% in early trading Thursday, continuing a remarkable run in the memory chip sector. This follows yesterday's 9.86% single-day gain, which carried the stock from $710.80 to $780.90. SanDisk stock is up 2,314% over the past year, climbing from $32.35 to $815. A stock that's expanded more than 23 times in 12 months continuing to grind higher deserves careful examination. READ: The analyst who called NVIDIA in 2010 just named his top 10 AI stocks The engine behind the rally is clear: AI data centers require enormous amounts of NAN
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