Sandisk (SNDK) shares extended their remarkable recovery Monday, rising approximately 10% and briefly trading above $1,800 as investors continued to reprice the company’s exposure to artificial intelligence infrastructure and constrained memory supply.
SNDK climbed approximately 61% from its August 3 intraday low of $1,121.27 to around $1,808. Using approximately 148 million shares outstanding, that price recovery represents an estimated $101.7 billion increase in market capitalization.
However, claims that Sandisk gained approximately 62% in 14 days require context. Measured from its August 3 closing price of $1,288.03 rather than the session low, SNDK’s advance is closer to 40%, equivalent to approximately $77 billion in additional market value. Nasdaq historical data
Why Is SNDK Stock Surging?
The latest rally followed Sandisk’s investor day, where management projected mid-to-high-teens annual revenue growth from fiscal 2028 through fiscal 2030.
The company also outlined long-term adjusted gross margins of approximately 80%, adjusted operating margins of about 75% and an adjusted free-cash-flow margin near 50%. Management expects growing AI infrastructure investment to support demand for NAND flash storage.
Those forecasts helped ease concerns that Sandisk’s recent earnings growth and elevated margins could rapidly reverse during the next memory-market downturn.
The investor-day projections reinforced an already powerful earnings story. Sandisk recently reported fiscal fourth-quarter revenue of $8.97 billion, up 372% year over year and 51% sequentially. Its GAAP gross margin reached 84.6%, compared with 26.2% in the same quarter one year earlier.
Datacenter revenue more than doubled from the previous quarter to approximately $2.98 billion. Sandisk also projected fiscal first-quarter 2027 revenue of between $10.3 billion and $10.8 billion.
Its board authorized an additional $14 billion in share repurchases, bringing the company’s remaining repurchase capacity to approximately $15.5 billion. Sandisk earnings release
Apple-China Report Adds to Memory-Sector Optimism
Monday’s advance also formed part of a broader memory-stock rally, with Micron and Western Digital gaining alongside Sandisk.
Barron’s reported that US Commerce Secretary Howard Lutnick warned Apple against sourcing memory chips from China. The report strengthened sentiment toward memory suppliers outside China by reducing some concerns about future competition from Chinese manufacturers.
Nevertheless, Sandisk’s investor-day targets, accelerating datacenter revenue and elevated NAND pricing remain the primary fundamental drivers behind its latest recovery.
Has SNDK Passed Every Wall Street Target?
No. SNDK has surpassed several of Wall Street’s more conservative price targets, but claims that it has moved beyond almost every analyst forecast are inaccurate.
The average analyst target was approximately $2,210 following Sandisk’s investor day, according to market data cited by Barron’s. JPMorgan resumed coverage with an Overweight rating and a $2,250 target.
More bullish forecasts remain considerably higher. Bernstein has a $3,000 target, while other estimates have reached approximately $3,250.
Sandisk therefore remains below the average target and several of Wall Street’s most optimistic forecasts despite its rapid rebound. Investors should also remember that analyst targets can change quickly following earnings, investor events and major stock-price movements.
SNDKB Tokenized Stock Follows the Rally
Sandisk bStock (SNDKB) traded near $1,799 on Binance at the time of reporting, gaining approximately 8.4% over 24 hours.
Trading volume reached approximately $39.5 million as the tokenized stock followed the underlying Nasdaq-listed shares higher.
Because SNDKB trades through a separate Binance order book and can remain active outside regular US market hours, its price and rolling 24-hour return may temporarily differ from SNDK. Liquidity, spreads and changing expectations before Nasdaq opens can all contribute to short-term price differences.
Outlook for SNDK Stock
Sandisk’s earnings growth, NAND pricing power, expanding datacenter business and long-term customer agreements support a fundamental revaluation of the company.
However, a 61% rebound from an intraday low in only two weeks indicates that considerable optimism is already reflected in SNDK’s valuation. Sandisk also remains exposed to the historically cyclical nature of memory pricing, changing AI infrastructure spending and the possibility of increased future supply.
The rally has stronger foundations than momentum alone, but both SNDK and its tokenized counterpart could remain highly volatile following such a rapid increase.