SanDisk (SNDK) Surges Nearly 10% as Wall Street Bets Anew on AI Future

We recently published Monstrous Gains: 10 Stocks Leaving Wall Street in the Dust. Sandisk Corp. (NASDAQ:SNDK) is one of the best performers on Friday.

Sandisk surged to a new record high on Friday and marked three straight days of gains, as investor sentiment was boosted by the broader market optimism for Artificial Intelligence.

At intra-day trading, Sandisk Corp. (NASDAQ:SNDK) surged to its highest 52-week record of $68.67, marking a 9.87-percent jump, before paring gains to finish the day up by only 9.68 percent at $68.55.

The rally was mainly influenced by Morgan Stanley’s bullish comments for the NAND memory market, citing strengthening fundamentals.

According to the investment firm, the enterprise SSD had grown sharply, largely driven by increasing AI infrastructure buildouts and ongoing HDD shortages.

Massive orders—totaling tens of exabytes—are moving NAND supply away from consumer markets such as PCs and smartphones.

While Sandisk Corp.’s (NASDAQ:SNDK) exposure to enterprise SSD was limited, Morgan Stanley expects upside for the company as its BICS 8 process ramps up in the second half of the year, positioning it for a better 2026.

While we acknowledge the potential of SNDK  as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.