Sandisk (SNDK) & Shortages Are on Jim Cramer's Mind

We recently published Jim Cramer Discussed These 10 Stocks & Commented On Gold Price.  Sandisk Corporation (NASDAQ:SNDK) is one of the stocks Jim Cramer discussed.

Computer memory storage manufacturer Sandisk Corporation (NASDAQ:SNDK)’s shares are among the top performers on the market as they are up by triple-digit percentage since early 2025. In 2026, several analysts have discussed the firm. One recent coverage came from Mizuho, as it increased Sandisk Corporation (NASDAQ:SNDK)’s share price target to $600 from $410 and kept an Outperform rating. The financial firm outlined that the technology company is benefiting from pricing power in its industry of NAND and DRAM products. A key factor that Mizuho noted was that NAND wafer capacity was expected to be short in 2026 and 2027, which could lead to a whopping 330% price increase in 2026. Along with Mizuho, Benchmark also significantly raised Sandisk Corporation (NASDAQ:SNDK)’s share price target in January, as it bumped it to $450 from $260 and maintained a Buy rating. Capacity in the NAND market was one reason that drove Benchmark’s coverage as well. Likewise, capacity was also on Cramer’s mind as he discussed Sandisk Corporation (NASDAQ:SNDK):

“Now, when you don’t have shortage, it looks like things are going to be bad for Sandisk. . .Don’t misread this. This number’s been missed because they couldn’t meet demand. Not because there’s not enough demand. So the idea that today’s a down day, for these, and an up day for NVIDIA, that would be the narrative typically, I talked about that in my monthly call, which is that you can’t have both the momentum stocks, that’s Sandisk. . .but you can’t have those go up and also have NVIDIA go up.”

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.