TradingKey – In February 2025, SanDisk ( SNDK) was spun off from Western Digital ( WDC) to become an independent public company focused on the NAND flash memory business. No one expected that this storage manufacturer, whose value was once obscured by its parent company’s diversification strategy, would go on to create a legend in the U.S. stock market, propelled by the AI wave.

Since the spinoff, SanDisk’s stock price has soared by over 6,500% cumulatively, with its market capitalization surpassing $300 billion. This not only far exceeds Western Digital’s market cap but also places it among the ranks of the world’s most valuable technology companies, making it one of the largest beneficiaries of the AI storage supercycle.

Behind the…