Sandisk Stock Surges Over 50-Fold in a Year Amid NAND Flash Demand Surge
Sandisk (SNDK) stock has surged from around $40 to over $2,300 within one year due to strong demand for NAND flash memory driven by AI and data centers. The company's fiscal third-quarter revenue jumped significantly, with a record non-GAAP gross margin of 78.4%. Micron Technology’s recent blowout results have also fueled investor enthusiasm in the sector.
Topics: AI demand market performance NAND flash memory Sandisk