SanDisk is getting stronger again
The AI storage market may not be over yet
$SNDK Recently, capital has started flowing back again. In the previous trading day, the stock rose intraday by more than 5% at one point. Behind it is not only the renewed enthusiasm for AI—enterprise SSDs are entering a new phase of volume expansion.
Right now, the market is truly pricing in the storage demand driven by AI and a tightening in NAND supply. Mizuho still rates SanDisk as Outperform. Although the target price has slightly declined from $1,900 to $1,875, it expects SanDisk’s earnings for the fiscal years 2026 to 2028 could grow by about 5x.
Also, SanDisk and Kioxia have just announced plans to invest about $31 billion in Japan by 2032 to expand flash memory production capacity.
Earlier, I mentioned that at this level investors could lock in some gains in the near term—mainly because this year’s rally has already been too dramatic. But in the long run, AI-driven demand for storage is not over.
SanDisk’s biggest issue right now isn’t fundamentals, but rather that the good stuff has already been priced very expensively by the market.
$SNDKB
The AI storage market may not be over yet
$SNDK Recently, capital has started flowing back again. In the previous trading day, the stock rose intraday by more than 5% at one point. Behind it is not only the renewed enthusiasm for AI—enterprise SSDs are entering a new phase of volume expansion.
Right now, the market is truly pricing in the storage demand driven by AI and a tightening in NAND supply. Mizuho still rates SanDisk as Outperform. Although the target price has slightly declined from $1,900 to $1,875, it expects SanDisk’s earnings for the fiscal years 2026 to 2028 could grow by about 5x.
Also, SanDisk and Kioxia have just announced plans to invest about $31 billion in Japan by 2032 to expand flash memory production capacity.
Earlier, I mentioned that at this level investors could lock in some gains in the near term—mainly because this year’s rally has already been too dramatic. But in the long run, AI-driven demand for storage is not over.
SanDisk’s biggest issue right now isn’t fundamentals, but rather that the good stuff has already been priced very expensively by the market.
$SNDKB