SanDisk Corp. (SNDK) shares rose more than 7% on Monday, March 16, 2026. The company has operated as a pure-play NAND flash provider since its spinoff from Western Digital in early 2025.
The artificial intelligence boom has created a global NAND supply deficit. This market dynamic drives high demand for SanDisk's high-performance storage solutions within AI infrastructure.
SanDisk recently reported strong quarterly earnings and issued positive forward guidance. Growth in data center revenues further supports the company's improved financial outlook.