$SNDK SanDisk Corporation (NASDAQ: SNDK) is trading around $2,100 after a massive record-breaking rally, making it one of the best-performing tech stocks in 2026. The surge is driven by soaring demand for AI memory solutions - Sandisk supplies NAND flash, SSDs, and data center storage that AI infrastructure desperately needs. Fundamentals back it up: Q3 revenue jumped 251% year-over-year to $5.95 billion with EPS of $23.41, crushing estimates, and gross margins hit 78.4%. Analysts are feeding the momentum too - Bank of America raised its price target to $2,100 with a Buy rating, saying the AI memory trend still has room to run. The stock went from a 52-week low of $40.10 to over $2,000, giving it a $293 billion market cap. The big warning though is that memory is a notoriously cyclical business, and with a P/E of 68.83 and beta of 4.87, the valuation is stretched and volatility is extreme. So while AI demand + tight NAND supply explain the rally, the gains are momentum-driven and could reverse fast if supply catches up or AI spending slows.#NikkeiCrosses69700ForFirstTime #USIranDealConfirmed #USEquityFundingCostsSurge

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