SanDisk Corp (SNDK) shares rose approximately 6% on March 13, 2026. Robust demand for NAND flash memory in artificial intelligence infrastructure drove the upward momentum. The AI supercycle is structurally altering the memory industry, leading to tightening supply and higher prices.
The stock has gained more than 1,150% year-over-year. Analysts suggest SanDisk remains undervalued compared to its peers in the AI sector.
Expectations for strong earnings growth and new data center product pipelines support the bullish outlook. SanDisk is signing multi-year agreements with hyperscale customers to provide greater revenue visibility.