here’s why — TradingView News
Sandisk stock price continued its remarkable bull run this week, reaching a record high of $501. SNDK has jumped by over 100% this year, making it the best-performing company in the S&P 500 Index.
Its surge is a continuation of a bull run that started in April last year, when it bottomed at $30. Other memory companies like Western Digital and Micron have also jumped by over 30% this year.
These companies are beating other top players in the AI industry, like Nvidia, AMD, and Palantir.
Global memory shortage and AI boom
Sandisk stock price has jumped because of the ongoing memory shortage as demand from data centers. A recent report showed that data centers will consume 70% of the memory chips.
Another report by ADC showed that the…
