Quick Read – SNDK has surged 724% YTD and WDC 224%, with Friday’s 6% gains extending an AI storage melt-up to record territory. – SanDisk locked in roughly $42 billion in multi-year supply contracts, while Susquehanna holds a Street-high $2,000 price target on SNDK. – Bears cite…
retched valuations and insider selling after SNDK’s 12-month rip, while incoming NAND and HDD pricing data could test the rally. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and SanDisk didn’t make the cut. Grab the names FREE today
Shares of SanDisk (NASDAQ:SNDK) are up 6% in Friday morning trading, changing hands near $1,989, while Western Digital (NASDAQ:WDC) stock up 6% to $561. The bid adds another leg to a furious AI storage melt-up that has lifted memory and disk-drive names into record territory. SNDK stock has staged one of the most extreme runs in the U.S. market this year, as it’s up 724% year to date (YTD) and 4,638% over the past 12 months.
WDC stock has gained 224% YTD and 902% over the past year, riding the same AI infrastructure tailwind that has pulled NAND and hard-disk drive demand higher. The catalyst extends well beyond any single headline. The market is debating whether this is the early innings of a multi-year AI memory supercycle or a late-stage melt-up vulnerable to a sharp reversal.