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Barchart
Pathikrit Bose

A $6 Billion Reason to Buy SanDisk Stock Here

SanDisk SNDK Memory

Shareholders of memory chipmaker SanDisk (SNDK) just got another chance to rejoice. The company recently authorized its first-ever buyback program since its separation from Western Digital (WDC) — to the tune of $6 billion. CFO Luis Visoso highlighted the rationale behind the move, saying management's goal is to "invest in the business, achieve a net cash position, and then return cash to shareholders."

SanDisk, which has been on a sensational run thanks to unstoppable memory demand due to the AI infrastructure buildout, also reported its third-quarter results for fiscal 2026 on April 30. After reporting another blowout quarter, SNDK stock is up a whopping 495% year-to-date (YTD). Its market capitalization currently sits at $185 billion.

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