Situational Awareness LP increased its Sandisk Corporation holding by 8% in Q1, reflecting strong confidence in AI-driven memory demand.
Situational Awareness LP, led by Leopold Aschenbrenner, raised its stake in Sandisk Corporation (NASDAQ:SNDK) to 1.14 million shares in Q1 2026, an 8% increase from the prior quarter. The fund initially acquired 115,000 shares in Q3 2025 before expanding its position by over 800% in Q4 2025.
Sandisk, a provider of NAND flash-based data storage solutions, has seen its stock surge over 600% in the past six months. The company’s enterprise SSD revenue jumped 114% year-over-year in Q3 2026, driven by demand for high-speed memory in AI applications. Barclays highlighted memory as a key vertical in AI infrastructure.
The firm’s gross revenue in Q3 2026 exceeded Wall Street estimates, underscoring its role in the AI-driven data storage market. Sandisk operates globally, supplying solutions for advanced LLM training and agentic AI workloads.