Sandisk Corp. (SNDK)at All-Time High as Memory Market Set to Become ‘One of the Largest’
We recently published 10 Stocks With Eye-Popping Double-Digit Gains; 4 Hit All-Time Highs. Sandisk Corporation (NASDAQ:SNDK) was one of the top performers on Tuesday.
Sandisk jumped to a new all-time high on Tuesday, as investors cheered Nvidia Corp. President and CEO Jensen Huang’s bullish outlook for the memory storage market, saying that the sector stands to become one of the largest industries in the world.
At intra-day trading, Sandisk Corporation (NASDAQ:SNDK) climbed to its highest price of $352 before paring gains to finish the day just up by 27.56 percent at $349.63 apiece.
Photo from Sandisk’s website
Sandisk Corporation (NASDAQ:SNDK) rallied alongside its counterparts, namely Western Digital Corp., Seagate Technology Holdings, and Micron Technology, among others, after Huang said that he believes the memory storage market was an unserved sector that has the capability to become one of the largest in the world.
“This market will likely be the largest storage market in the world, basically holding the working memory of the world’s AIs,” he said in his talk at the CES 2026.
Huang said that the need for AI-related storage is currently outpacing current infrastructure capabilities, as the amount of context and token memory needing to be processed is just “way too high.”
In other developments, Sandisk Corporation (NASDAQ:SNDK) unveiled in the same event its new Solid-State Drive lineup called “Optimus,” designed for gamers, creators, and professionals.
While we acknowledge the potential of SNDK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
