Sandisk Corporation - Common Stock When-Issued (SNDK)

Companies in the AI sector haven't been surefire winners for investors in 2026.

SNDK shares have swung sharply in recent weeks, but repeated strong rebounds and a Bank of America price target raise to $2,500 signal sustained buyer demand.

Both are benefiting from surging demand for data center memory.

SanDisk Corp. (NASDAQ:SNDK) stock declined on Thursday due to a sector-wide profit-taking rotation into AI software and potential risks from Chinese memory supply.

Despite a $2.7 trillion semiconductor selloff, the memory chip rally remains intact, with Micron up over 200% YTD and the Roundhill Memory ETF gaining 130% since its April launch.

The S&P 500 just had its best quarter in nearly six years, and it hints at strong future returns.

The NAND memory maker has been the market's top performer, and it still has room to run.

Sandisk stock is under pressure today, but there is actually some positive news for investors.

Micron's earnings confirm Sandisk's tailwinds will get even stronger.

Micron and Sandisk are still great buys.

As high-end chipmakers build new production lines to meet soaring demand, they'll need more of Lam Research's equipment.

Sandisk stock has been red hot in Tuesday's trading.

Most Wall Street analysts think Palantir stock is headed higher, but the consensus says Sandisk stock is headed lower.

Historically, memory chip stocks like Micron and Sandisk have crashed following periods of peak demand.