Jane Street Increases Stake in SanDisk Amid AI-Driven Growth
Quantitative trading firm Jane Street has significantly increased its stake in SanDisk (SNDK), a flash memory manufacturer, by nearly 540%, making it one of the firm’s largest holdings. The move comes as SanDisk continues to benefit from strong demand for NAND flash chips used in AI data centers and consumer electronics. SanDisk's stock has surged over 3,000% in the past year but is currently down 36% from its peak amid volatility. Jane Street now holds approximately 5% of all SanDisk shares outstanding, with a position valued at around $9 billion. The firm’s confidence appears tied to SanDisk’s strategic shift toward data center sales and long-term supply agreements that are expected to drive future revenue. SanDisk reported full-year revenue of $20.25 billion in 2026, up from $7.34 billion the previous year. Data center revenue alone grew by 437% year-over-year to $5.15 billion. The company also signed long-term contracts with major customers that could generate over $93.9 billion in future revenue.
Topics: AI Jane Street Capital SanDisk stock holdings