Memory chips are currently considered the gold in the AI era. Bernstein names SanDisk a “Top Pick 2026” – price target nearly doubled to USD 580.

The stock of SanDisk (SNDK) has developed very dynamically since the fall, driven by a clear strategic repositioning. The company is transforming from a traditional provider of end-device storage to a critical infrastructure supplier for AI data centers. Modern AI models require not only computing power but also enormous storage capacities for training and inference. As ultra-fast DRAM like HBM is expensive and physically limited, NAND flash takes on the role of the scalable second storage tier at SanDisk. With high-capacity enterprise SSDs, SanDisk...