SanDisk Stock Is Up 2,817% in a Year. Wall Street Says It’s Not Done Yet.

The kind of rally SanDisk (SNDK) has delivered over the past year is often what investors associate with early-stage disruptors, but never with a company rooted in decades-old semiconductor technology. Yet here it is, a stock up a staggering 2,817% in just twelve months, but it is still not as hyped as Nvidia (NVDA). This performance was fueled by a powerful mix of artificial intelligence (AI) demand, tightening supply dynamics, and a fundamental shift in how the NAND memory industry operates. SNDK stock is up 284% so far this year, outperforming most high-flying AI stocks and the overall market gain of 4%. 

What’s even more striking is that analysts are arguing SanDisk’s story is still unfolding and has plenty of room to run.