Sandisk (SNDK) rose as much as 6.4% during the session, mainly after rival SK Hynix reported fiscal 2026 third-quarter results. SK Hynix posted record revenue of 104.6 trillion won (about $78.9 billion), up 328% year over year, and operating profit of 83.3 trillion won (about $61.7 billion), up 632%, both beating analysts' consensus estimates. Management said demand for AI memory chips is expected to outpace supply through 2030. Sandisk shares have gained more than 650% over the past year, trade at 19 times earnings and are growing at a triple-digit rate. The article argues that AI-related demand lasting through the end of the decade will benefit Sandisk shareholders.
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