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Barchart

Nauman Khan

Dear Sandisk Stock Fans, Mark Your Calendars for May 20

Sandisk (SNDK) is still riding one of the hottest trades in the market. The memory and storage name has become a poster child for the AI buildout, with investors betting that data-center demand will keep NAND tight and pricing firm. That is the bigger backdrop for the stock right now: The whole storage group has been swept up in the AI boom, and Sandisk has been one of the clearest beneficiaries.

The latest wrinkle is not another earnings surprise, but a mini-tender offer from Tutanota LLC that expires on May 20, a date Sandisk has told shareholders to notice and, if they have not responded, to take no action.

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