This Memory Stock Has Soared From About $40 to More Than $2,300 in a Year. Is It Too Late to Buy?
After a gain this large, is there any room left to run?
Overview
About a year ago, you could buy a share of Sandisk (NASDAQ: SNDK) for about $40. As of this writing, the stock changes hands above $2,300 -- and it is up more than 20% on Thursday alone. The maker of NAND flash memory, spun off from Western Digital in early 2025, has quietly become one of the best-performing stocks in the S&P 500 this year.
The stock's latest jump came after memory rival Micron Technology reported blowout quarterly results this week, reigniting investor enthusiasm for anything tied to artificial intelligence (AI) and computer memory. So, after a run of more than 50-fold in a year, is it too late to buy Sandisk stock?
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Originally published at www.fool.com.
