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Sandisk Corporation (NASDAQ:SNDK) is one of the Stocks That Can Make You Richer in 2026. On March 26, Morgan Stanley released a research note defending memory stocks, including Sandisk Corporation (NASDAQ:SNDK), amid the recent sell-off in the sector. Analyst Joseph Moore from the firm had raised the price target on the stock from $483 to $690 and maintained a Buy rating on January 30.
Morgan Stanley said in the research note that the recent sell-off is mainly due to market concerns regarding durability, demand disruption, and productivity. Sandisk has fallen around 20.2% since March 19 to market close on Friday, March 27. Despite the sell-off, the firm finds memory stocks to be more durable than market anticipations. Stanley added that memory supply is pertinent for AI and noted it to be one of the key factors required for the AI infrastructure buildout and agentic CPUs.
Moreover, the firm emphasized that the shortage of memory chips has intensified the business for companies, as customers are willing to pay upfront to secure larger volumes.
Sandisk Corp. (NASDAQ:SNDK) is a semiconductor and flash storage hardware company. It specializes in NAND flash technology, designing solid-state drives and embedded storage solutions for everything from enterprise data centers and cloud service providers to mobile devices, automotive systems, and IoT applications. The company ensures high-speed data reliability across a global consumer and industrial market.
While we acknowledge the potential of SNDK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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