Sandisk (SNDK) Rockets 25.5%, Investors Makes Use of Market Bloodbath for Gains

Sandisk Corp. (NASDAQ:SNDK) is one of the 10 Stocks Making Huge Moves this Week.

Sandisk soared by 25.5 percent week-on-week, as investors took advantage of the week’s market bloodbath to load up on shares at lower prices.

In Friday’s session alone, Sandisk Corp. (NASDAQ:SNDK) jumped by 6.92 percent, mirroring its counterparts in the technology and storage sectors, as funds shifted from sectors most vulnerable in the ongoing tensions in the Middle East.

The rally was further boosted by Nvidia Corp.’s ramped-up investments in the industry earlier in the week, having partnered with and invested $2 billion in an AI infrastructure company.

Nvidia’s movements are widely watched by the investing community, being the key enabler to the AI boom.

Meanwhile, Sandisk Corp. (NASDAQ:SNDK) earlier this year announced a 672-percent expansion in its net income in the second quarter of fiscal year 2026, at $803 million versus only $104 million in the same period a year earlier.

Revenues, on the other hand, rose by 61 percent to $3.025 billion from $1.876 billion. Looking into the third quarter of the fiscal period, Sandisk Corp. (NASDAQ:SNDK) expects revenues to be in the range of $4.4 billion to $4.8 billion, or an implied expansion of 159 percent to 183 percent from the $1.695 billion reported in the same period a year earlier.

Gross margins are expected to be at 64.9 percent to 66.9 percent.

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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