Sandisk shares jump to $1,440 from $38.50 IPO price as NAND memory demand for AI training drives revenue up 251% year over year.
Sandisk (NASDAQ: SNDK) shares have soared 3,640% to $1,440 since its February 2025 IPO at $38.50, driven by surging demand for its NAND memory products in AI development. The company’s non-volatile, high-density memory is critical for training AI models, fueling revenue growth amid expanding hyperscaler infrastructure.
In the fiscal third quarter ended April 3, Sandisk reported revenue up 97% sequentially and 251% year over year, with adjusted earnings per share rising to $23.41 from $5.15 the prior quarter. The company’s NAND memory prices have also climbed as supply tightens, further boosting profitability.
The stock’s rapid appreciation has raised questions about sustainability, though demand for AI-related memory solutions remains robust.