"Shares of Sandisk have continued to win in 2026, adding another 155% gain to its explosive multi-year rally, with the market cap now north of $100 billion."
"The memory storage sector is acting as the major hardware bottleneck holding the AI boom back, raising questions about how long the Goldilocks environment will last."
"For the real AI bulls that think the AI buildout could produce a longer-lived shortage in data storage products, perhaps the forward P/E multiple is good enough to stay aboard."
"Sandisk was in the right place at the right time, and three months into 2026, it remains in the optimal spot to supply deep-pocketed AI innovators."
Sandisk has experienced a remarkable 155% gain in 2026, contributing to a multi-year rally and pushing its market cap above $100 billion. Despite this surge, skepticism arises due to a previous 1,200% increase in one year. The memory storage sector is crucial for the AI boom, leading to questions about the sustainability of Sandisk's growth. While the forward price-to-earnings multiple appears reasonable, the potential for continued demand in data storage products may support further gains for Sandisk.
Read at 24/7 Wall St.
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