SanDisk’s data-center revenue rose 64% sequentially in fiscal Q2 2026, reflecting strong demand from AI infrastructure customers. It estimates the NAND market will generate over $300 billion in calendar 2026, but extra supply or slower AI spending could pressure prices and mar…
SanDisk estimates the NAND market could reach $500 billion in calendar 2027, a projection dependent on continued AI infrastructure investment. The company is developing High Bandwidth Flash (HBF), which could address AI systems’ increasing bandwidth needs. Rosenblatt initiated a Buy rating on Sept. 21 with a $2,400 price target, citing NAND’s growing role in AI infrastructure.
Insider Monkey’s database showed 128 hedge funds held SNDK in Q2, up from 114 in Q1; short interest declined to about 5.62 million shares, or 3.84%, on Sept. 15 from 7.68 million on Aug. 14. Competitors named include Samsung, SK Hynix, Micron and expanding Chinese NAND makers.
