
3 Storage Devices Stocks to Buy in a Flourishing Industry
Momentum in cloud computing, IoT, auto and AI is expected to drive the prospects of Zacks Computer - Storage Devices industry players like WDC, SNDK and TDC.
Sandisk Corporation
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Momentum in cloud computing, IoT, auto and AI is expected to drive the prospects of Zacks Computer - Storage Devices industry players like WDC, SNDK and TDC.

The market is up three years in a row, but that doesn't change what the pattern says about 2026. One stock may be a counterintuitively good buy for 2026 even after its big gains in 2025.
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Sandisk Corporation (SNDK) Presents at Barclays 23rd Annual Global Technology Conference Transcript

The year is winding down and the S&P 500 has climbed 17% in 2025, hovering just shy of its all-time high amid robust economic growth and steady corporate earnings.

For investors seeking exposure to the ongoing AI infrastructure buildout, these stocks stand out as high-conviction ideas.

Sandisk rallied in November even as many AI-related stocks sold off. NAND flash storage prices are in their first bull market in years.

SanDisk (NASDAQ: SNDK), recognized as a frontrunner in flash memory and solid-state storage, finds itself in a precarious situation as it approaches 2026. The current trading price of the stock is approximately $210, which has dramatically increased by 5x this year, largely due to a rebound in NAND pricing and favorable expectations surrounding AI-related storage demands.

SanDisk (NASDAQ: SNDK), recognized as a frontrunner in flash memory and solid-state storage, finds itself in a precarious situation as it approaches 2026. The current trading price of the stock is approximately $210, which has dramatically increased by 5x this year, largely due to a rebound in NAND pricing and favorable expectations surrounding AI-related storage demands.

Major stock indexes advanced Wednesday after initially declining following a poor private-payrolls reading and a report that Microsoft is cutting AI software sales quotas.

Sandisk Corporation (SNDK) Presents at UBS Global Technology and AI Conference 2025 Transcript

Major U.S. equities indexes gained ground on Tuesday, with tech stocks trending higher after a day of declines on Monday. The Dow Jones Industrial Average and benchmark S&P 500 gained 0.3% and 0.2%, respectively, and the tech-centric Nasdaq rose 0.4%.

Major stock indexes pulled back as the final trading month of the year began, with shares of big tech and cryptocurrency-tied firms falling amid risk-off sentiment.

Thanks to AI-related tailwinds for the memory chip space, SanDisk has surged sixfold since its spinoff from Western Digital earlier this year. Bullishness for the chip stock has calmed down as of late, but the underlying trend is still in motion.

Shares of Sandisk climbed Friday as the data storage company joined the benchmark S&P 500 index.

SanDisk (SNDK)'s stock jumped over 300%, in three months, driven by consistent revenue increases as well as a significant change in investor outlook. An outstanding earnings surprise, entrance into the S&P 500, and excitement surrounding innovation and demand led to a growth that's altering the conventional approach.

SanDisk Corp (NASDAQ:SNDK) enters the S&P 500 Index (SPX) today.
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In a remarkable display of corporate momentum, SanDisk Corporation NASDAQ: SNDK has secured a coveted spot in the S&P 500, Wall Street's premier stock market index.

Sandisk has been granted admission to the S&P 500 Index, one of just 12 companies to make the grade so far in 2025. The company's NAND flash memory is experiencing strong demand and supply shortages, which are expected to persist into next year.