SNDK AI Storage shares jump 7,100% as NAND prices tighten

Published: 2026-06-13 20:50:45 |

SanDisk (SNDK) shares don jump over 7,100% for about 14 months, climb from April 2025 low near $27.89 to intraday peak pass $2,021 for June 2026. The stock close June 12 for $1,980.10 after e gain of 5.24% for the day, push market cap to about $310.9B. Traders dey talk say the move na because AI storage change the fundamentals — demand for AI data-center capacity meet with tight NAND supply. For fiscal Q3 2026, SNDK report $5.95B revenue (+97% sequential, +251% YoY) and GAAP net income $3.62B. Non-GAAP diluted EPS na $23.41. Data-center revenue jump to $1.47B (+233% sequential, +645% YoY). Forward guidance still boost momentum: fiscal Q4 revenue guided $7.75B–$8.25B, with non-GAAP EPS $30–$33. Management highlight multiyear “New Business Model” deals (three added by end of fiscal Q3, two more in fiscal Q4) wey dem say go help steady earnings through the usual NAND boom-bust cycle. Supply situation remain main driver for AI storage and NAND price expectations, with tighter availability wey dem say go last into the late cycle. Article also note say SNDK momentum dey spread to crypto-native “tokenized equities” exposure, as AI storage themes become tradable 24/7. Big risk: the rally fit don already price strong execution. Any slowdown in hyperscaler demand, weaker NAND pricing, or less favorable contract economics fit trigger sharp downside—especially as valuation story don already stretch from earlier coverage.

Bullish

SNDK blowout rally na hook up wit AI storage demand wey jam wit limited NAND supply, plus dem get strong fiscal Q3 results and constructive Q4 guidance (revenue and EPS pass expectations). Di extra multiyear New Business Model agreements show say revenue visibility don improve even for memory cycle wey dey historically volatile — dis one dey boost short-term sentiment and fit draw risk-on capital into tech and AI infrastructure trades. Cos di article dey frame di theme as e dey spill into crypto-native tokenized equities, e fit further ginger speculative appetite for crypto-linked tradable wrappers short-term. But coverage still flag valuation stretch and execution risk, so di bullish effect likely sentiment-driven and fit reverse quick if NAND pricing or hyperscaler demand disappoint.