Sandisk (SNDK) shares have risen 3,136% since its February 2025 IPO at $38, reaching $1,246, an average annualized return of 718% over about 18 months. The stock peaked at $2,335 on June 25, roughly 6,500% above its debut price, as AI-driven demand for NAND flash and solid-state drives outstripped supply and lifted pricing power and earnings. The article says the high share price makes Sandisk a candidate for a stock split, but management has not mentioned one, so it remains speculation. Analysts expect the stock to rise another 77% to $2,225 over the next 12 months. The article cites Booking Holdings' 25-for-1 split on April 2 and CrowdStrike's 4-for-1 split on July 2 as recent examples, with Booking up about 10% in the two weeks after its split.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
SNDKstock splitartificial intelligencedata centersvaluation
Open a keyword to see other news on the same topic.
Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/23/2026 | 211.00 |
| Change that session | -0.57% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Sandisk Stock Could Be Worth $4,128 in the Next Year
Sandisk (SNDK) shares have risen about 497% year to date as of October 13, 2026, and were trading at $1,416. The article says the stock could reach about $4,128 over the next year if demand for storage and memory keeps outpacing supply, based on a P/E of 19.2 applied to the $215 consensus fiscal 2027 earnings estimate. Revenue in the fiscal fourth quarter rose 51% sequentially to $9 billion, and management guided fiscal first-quarter 2027 revenue to $10.3-10.8 billion. Data center storage grew from roughly 12% to 38% of total bits shipped over the past year, and long-term agreements with eight customers are expected to cover more than half of fiscal 2027 bits. The article notes that storage pricing is cyclical and the market could assign a lower P/E, limiting the upside.
- Sandisk Is Dominating the S&P 500 in 2026. Can It Repeat in 2027?
Sandisk (SNDK) has been the best-performing S&P 500 stock for most of 2026 and, although recently overtaken by Moderna, remains in second place with a gain of nearly 500% this year. Its revenue has surged on strong demand for NAND memory chips used in SSDs for AI data centers, with tight supply pushing prices sharply higher; fourth-quarter fiscal 2026 revenue rose 372% year over year. The main concern is that prices could reverse, but Sandisk is signing new agreements with customers that lock in committed volumes and defined pricing, which should make it less cyclical. The author notes the stock trades at 19 times trailing earnings and 6.5 times forward earnings, suggesting the market is pricing in no 2027 growth, and argues it could triple in 2027 if it meets expectations and keeps its current trailing valuation.
- SanDisk (SNDK) Is Now Worth More Than the Company That Spun It Off
SanDisk (SNDK) closed at $1,394.83 on October 15, giving it a market value of $265.98 billion, above the $170.78 billion of Western Digital, the parent that separated it out. The flash memory maker has grown sharply as AI-driven demand for data center storage pushed revenue up 371.6% from a year earlier in the latest quarter, and the shares are up 901.24% over twelve months. Operating margin reached 78.47% of revenue, but the article notes SanDisk has not yet operated through a full cycle on its own, and that producers' decisions to add capacity could later create oversupply. The stock trades at 8.04 times next year's expected earnings, far below its trailing multiple, and the article reads this as the market refusing to pay a premium for earnings that may not survive a full cycle.
- Sandisk Stock Is Still Up 488% This Year Despite a 40% Drop. Is It a Buy Now?
Sandisk (SNDK) closed near $1,395 on Oct. 15, its sixth straight daily decline, still up about 488% this year from $237 at the end of 2025 but roughly 40% below its June 25 peak close of $2,335. The article argues profits matter more: non-GAAP EPS rose from $6.20 in fiscal Q2 2026 to $23.41 in fiscal Q3 and $39.25 in fiscal Q4, while fiscal Q1 2027 guidance of $44 to $46 implies about 15% growth at the midpoint, with pricing driving much of the slowdown. At around $1,395, the stock trades near 19 times the $73.76 GAAP EPS reported for fiscal 2026, and Sandisk generated about $5 billion in adjusted free cash flow in fiscal Q4, spent $4.5 billion on buybacks, and its board later approved another $14 billion. However, memory prices move in cycles, and adjusted EPS was only $2.99 in fiscal 2025. Only about half of output is covered by multiyear New Business Model agreements with eight customers, which carry at least $93.9 billion in revenue at floor prices.
- Micron and Sandisk Have a History of Cyclicality. Is This Time Different?
The memory chip market has a long history of cyclical swings, which often leads investors to pay less for Sandisk (SNDK) and Micron (MU) even when the companies are doing well. The article argues the answer depends on the memory type: NAND products are hard to differentiate, so pricing mostly follows supply and demand, while in DRAM and HBM, Micron has signed a deal with Nvidia to develop a custom HBM solution. Micron and many clients have also signed longer-term deals that set price floors and ceilings through 2030 and 2031, and Sandisk has contracted about 50% of its production volume for its upcoming fiscal year, rising to two-thirds in 2028. The author says the market may start valuing these stocks more like large tech companies. The author adds that both look cheap against the 20–30 times next year's expected earnings typical of big tech, making them smart buys, although reaching that range would require them to triple or quadruple.
- History Says This Will Happen to Sandisk Stock Heading Into Its Oct. 29 Report
Sandisk (SNDK) stock is up 478% so far in 2026, driven by strong demand for its NAND flash memory from AI data centers and a supply shortage that has boosted revenue and profit. In its fiscal 2026 fourth quarter (ended July 3), revenue rose 372% year over year and earnings per share reached $43.97, yet the stock trades at a P/E ratio under 19 as investors worry the memory upcycle may end. To address this, Sandisk has signed eight new business model (NBM) agreements with large customers that guarantee price floors and purchase volumes for several years. Management guided for midpoint revenue of $10.5 billion (up 357%) and EPS of $45 for fiscal Q1 2027, versus Wall Street expectations of a 363% increase and $46.27 EPS; results are due Oct. 29.
Related markets
Latest news
- AI agents help rescue ETH’s Glamsterdam fork, ‘Steal My Bitcoin’ site: Hodler’s Digest
The second and final testnet for Ethereum’s Glamsterdam hard fork was cancelled after ChainSecurity found vulnerabilities in two gas-scaling proposals (EIP-8037/8038) that could have affected at least 13 DeFi contracts. Derek Chiang of Eth Labs said the flaw was found only a few minutes before midnight, forcing everyone to scramble, and the Hoodi dress rehearsal will not be rescheduled until the second-order effects are fully analysed. To speed up the review, researchers from Eth Labs and the Ethereum Foundation deployed AI agents that coordinated through a message board in a GitHub repo, and a second board now examines EIP-8198 (“Quick Slots”) for the proposed Hegota fork. Separately, the ‘Steal My Bitcoin’ site, which has not been patched against the PHP2Shell vulnerabilities, holds the key to a Bitcoin wallet worth around $2000 and had gone 25 hours without a successful hack at the time of writing.
- Which Crypto Could Be the Second to Reach a $1 Trillion Market Value?
Bitcoin is the only cryptocurrency above $1 trillion in market value, at about $1.62 trillion. Ethereum, at about $2,335, needs a 3.5x increase to reach $1 trillion, the smallest multiple among its rivals, which need 10.3x for BNB, $15.79 for XRP and 16.8x for Solana. The article notes that supply growth complicates XRP and Solana, and that U.S. spot Ethereum ETFs had $12.7 billion in cumulative net inflows as of October 22, below a $14.0 billion peak, while spot XRP and Solana ETFs had $1.8 billion and $1.54 billion. It concludes Ethereum is the most viable candidate near term, but ETF inflows would first need to exceed the $14.0 billion peak, and the price would then need to surpass its $4,946 all-time high before reaching $8,186.
- Down 17%, Is Meta a Buy on the Dip?
Meta's stock has slipped 17% from a peak last month amid investor worries about heavy AI infrastructure spending and a possible AI bubble. The company's apps reach about 3.6 billion people daily, and its new Muse personal AI agent reached 5 million downloads faster than ChatGPT and Claude did after their launches. Meta's latest earnings beat revenue estimates, with double-digit growth in ad impressions and ad prices, but its full-year capex forecast was narrowed to $135 billion to $145 billion, which weighed on the shares. The article says the stock, at 21x forward earnings, looks reasonably priced and describes it as a growth stock that is attractive on the dip.
- Can Bitcoin Double in Value During the Next Crypto Bull Market?
Bitcoin is down 7% for the year at about $84,000, and analysts have been lowering their price targets. Citigroup's 12-month target of $113,000, issued in early October, implies a 35% gain but remains below the all-time high of $126,000 from October 2025 and far under the $200,000 target cited earlier this year. JPMorgan predicts 10% annualized growth over the next decade, well below the 37% compound annual growth rate from August 2017 to August 2026. At 10% a year for three years, Bitcoin would reach only $112,000, so it would not double or set a new record, and the article stresses that future growth, not past performance, is what matters.
- The Bet Eldorado Gold Holders Made
Eldorado Gold shares returned 22.3% over the past year including dividends, even though late-2025 views were split: bulls pointed to the Skouries and Olympias projects, while bears flagged ESG pressure and geopolitical risk. At the start of the period the shares cost CA$36.72, with a bullish Fair Value of CA$41.05 and a bearish one of CA$28.97, the latter reflecting higher all-in sustaining costs of around $1,520 per ounce. Q2 2026 results showed revenue of US$487.456 million, net income of US$172.817 million and a net margin of 35.5% versus 30.8% a year earlier, favoring the optimistic case, though capex and project risk at Skouries and McIlvenna Bay kept caution alive. The shares now trade at CA$44.32, above the starting level, and the selected Narrative's Fair Value remains higher still. The article argues the story has shifted from gold output to a mix of copper growth projects and cash returns, so a smooth ramp-up at Skouries and McIlvenna Bay is key to the cash flow outlook.
- Why Is Microsoft (MSFT) Central To AI Cyberattacks And Digital Patient Twins?
Microsoft reported that its threat intelligence teams helped uncover a Beijing-backed, AI-driven cyber campaign targeting several sensitive sectors in 2026. According to the company, attackers used generative AI tools to craft spear-phishing content and automate reconnaissance against government, defense and telecom organizations. Microsoft also announced a collaboration with Boehringer Ingelheim to use Azure-powered AI “digital patient twins” in clinical trials and drug development. The article argues these developments give Microsoft direct visibility into enterprise cyber risks and large-scale AI workloads, while raising the question of whether heavy AI and data center spending is matched by security. The next test, it says, is whether upcoming quarterly disclosures show how many large regulated customers are using Microsoft's AI tools in production rather than only piloting them.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.