Sandisk stock jumps to $2184.75 from $36 at spinoff, driven by AI demand and NAND market tightness.
Sandisk (NASDAQ: SNDK) shares have climbed nearly 6,000% since its February 2025 spinoff from Western Digital, closing at $2184.75 from an initial $36. The surge reflects strong demand for high-bandwidth storage in AI data centers, where Sandisk’s NAND flash memory and SSDs are critical components.
The rally is underpinned by tight NAND supply, limited production capacity, and robust orders from hyperscalers. Unlike past memory cycles, the current boom has sustained pricing power, boosting margins for memory-chip makers. Analysts are assessing whether the stock’s valuation leaves room for further gains amid the AI-driven supercycle.
Investors are weighing the company’s growth potential against its elevated valuation, with recent price target revisions offering mixed outlooks on future appreciation.