$SNDK is back in the spotlight — and AI is the reason.
SanDisk has been riding massive demand for NAND storage from AI data centers. The company just expanded its share buyback by another $14 billion, bringing its remaining authorization to $15.5 billion.
The numbers behind the story are wild: fiscal 2026 revenue reached $20.25 billion, up 175% year over year, while data-center revenue jumped 437%.
But there’s another side to this rally.
SNDK shares pulled back recently as investors took profits and questioned how long the current memory-price cycle can continue.
With AI workloads demanding more storage every year, SNDK could remain one of the most closely watched memory stocks.
The next big thing to watch: whether AI-driven demand can keep this growth going.
SanDisk has been riding massive demand for NAND storage from AI data centers. The company just expanded its share buyback by another $14 billion, bringing its remaining authorization to $15.5 billion.
The numbers behind the story are wild: fiscal 2026 revenue reached $20.25 billion, up 175% year over year, while data-center revenue jumped 437%.
But there’s another side to this rally.
SNDK shares pulled back recently as investors took profits and questioned how long the current memory-price cycle can continue.
With AI workloads demanding more storage every year, SNDK could remain one of the most closely watched memory stocks.
The next big thing to watch: whether AI-driven demand can keep this growth going.
