Sandisk Stock Is Up More Than 3,700% From Its 52-Week Low. Is the Memory Rally Still Investable, or Is This Stock Priced for Perfection?
Sandisk has been the top-performing stock in the Nasdaq-100 so far this year.
Overview
Sandisk (NASDAQ: SNDK) became a stand-alone public company again in early 2025 when it was spun out from Western Digital (which had acquired it in 2016). The separation was intended to position Sandisk's management to concentrate its resources and focus on NAND flash memory and enterprise-grade solid-state drives (SSDs) at a time when hyperscalers were sharply accelerating capital spending on artificial intelligence (AI) infrastructure.
That meant that Sandisk could more easily accelerate capacity expansions and technology road maps tailored specifically to the explosive storage requirements of large language model (LLM) training and inference deployments.
Details
At the time of this writing, Sandisk stock trades at $1,539 -- a gain of roughly 3,748% from its 52-week low of $40 per share. The magnitude of this move inevitably prompts the question of whether the market has already priced the most optimistic upside scenario for Sandisk into its stock or whether meaningful appreciation potential remains.
Source
Originally published at www.fool.com.