Sandisk (SNDK) Climbs to Fresh High in 7-Day Run

We recently published 10 Stocks Investors Are Gobbling Up. Sandisk Corp. (NASDAQ:SNDK) is one of the best performers on Thursday.

Sandisk extended its winning streak to a 7th straight day on Thursday to reach a new all-time high after Morgan Stanley raised its price target and named it as its “top pick” in the sector.

During the session, Sandisk Corp. (NASDAQ:SNDK) jumped to its highest price of $85.89 before paring gains to end the day just up by 14.04 percent at $84.30 apiece.

In a market note, Morgan Stanley upgraded its price target to $96 from $70 previously, while maintaining a “buy” recommendation for the stock.

The upgrade reflected its optimism for the NAND chip market amid the strong demand for enterprise solid-state drivers (eSSDs) from hyperscalers, alongside the ongoing HDD shortages.

Morgan Stanley expects the total NAND market to grow to 250 to 300 exabytes, potentially driving NAND pricing higher by the end of the year, as the AI sector continues to transition from training massive large language models to AI inference, capable of answering questions in real time.

While Sandisk Corp.’s (NASDAQ:SNDK) exposure to eSSDs was limited, Morgan Stanley said it continues to see upside for the firm as it ramps up the BICS 8 process in the second half of the year and positions 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.

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