Why this onetime sleepy tech stock has already exploded 100% in 2026
Not all tech stocks are experiencing a bout of investor fatigue.
Enter Sandisk (SNDK), a once-forgotten memory chip player founded in 1988 that has seen its stock skyrocket more than 100% in 2026. The stock price gain over the past year has been an eye-popping 1,200%.
The AI capex boom sweeping the US has funneled its way down to Sandisk and rival Micron (MU). As AI systems are built for hyperscalers, demand for memory chips has surged. These chips store and move data for AI models, which require large volumes of information to perform at high levels.
Sandisk sells data storage devices and solutions based on NAND flash technology.
Memory has become one of the tightest parts of the AI supply chain, experts say.
“Things…
