Sandisk Corporation (NASDAQ:SNDK) is one of the Best Young Stocks To Buy and Hold For 20 Year. On February 26, the CEO of Sandisk Corporation (NASDAQ:SNDK), David Goeckeler, said at Bernstein’s TMT Forum that the company is pursuing long-term supply agreements with data center customers.
The strategic change comes about as the NAND flash market is going through some structural changes due to robust AI demand. The CEO noted that they look forward to establishing long-term multi-year contracts with customers to ensure predictable demand at attractive pricing. The company plans to move away from the traditional quarterly pricing model.
Moreover, it expects that data centers will represent the largest NAND market share in 2026, with growth forecasted to grow from mid 20% to 60%. In this environment, Goeckeler noted that customers are providing demand that extends through 2028, thereby suggesting that agreements can last from one year to five years.
Sandisk Corp. (NASDAQ:SNDK) is a semiconductor and flash storage hardware company. It specializes in NAND flash technology, designing solid-state drives and embedded storage solutions for everything from enterprise data centers and cloud service providers to mobile devices, automotive systems, and IoT applications. The company ensures high-speed data reliability across a global consumer and industrial market.
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