Sandisk Corporation (NASDAQ:SNDK) is one of the Best Unstoppable Growth Stocks to Buy Right Now. Sandisk Corporation (NASDAQ:SNDK) rose more than 17.8% on January 2. The improved sentiment is said to be driven by two main factors.
Firstly, the price movement was linked to the broader AI sector rally on Friday, which included other data-center and AI infrastructure companies. As per a January 2 CNBC report, the rally was driven by investors piling into AI stocks as 2026 kicks off, amidst rising demand for memory and chips.
Secondly, on the same day, Sandisk Corporation (NASDAQ:SNDK) announced a new board appointment by welcoming Alexander R. Bradley. The new board member, Bradley, is the former CFO of First Solar and has now been appointed to the audit committee. David Goeckeler, CEO and Chairman of the Board, noted that Bradley brings expertise in finance and industry-specific strategic insights to the company’s board. This is seen as a strategic move considering the increased demand for the company’s Hard Disk Drive. Moreover, the Chairman also added that Bradley’s appointment will help the company navigate the high-demand market to ensure long-term returns for shareholders.
That said, recently on December 18, Benchmark maintained its Buy rating on the stock with a $260 price target. The firm noted the strong demand for High Bandwidth Memory (HBM) and the increased prices for NAND flash memory as the key factors behind its bullish sentiment for Sandisk Corporation (NASDAQ:SNDK).
Sandisk Corp. (NASDAQ:SNDK) is a leading developer, manufacturer, and provider of data storage devices and solutions based on NAND flash technology.
While we acknowledge the potential of SNDK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, 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.
