SanDisk (SNDK) stock has rallied significantly in recent months, delivering outsized gains despite ongoing geopolitical tensions. Even with the introduction of Alphabet’s (GOOG) (GOOGL) TurboQuant compression algorithm, designed to reduce memory requirements for artificial intelligence (AI) models, investor sentiment toward SanDisk has remained positive.
SNDK shares have climbed about 259% year-to-date (YTD) and have surged more than 629% over the past six months. The rally in SNDK stock is being driven by the rapid build-out of AI-focused data centers, which has significantly increased demand for NAND flash memory. As a major supplier of NAND solutions, SanDisk has benefited from this surge in infrastructure spending related to AI workloads.
