SanDisk Stock Surges 17.9% on $610M Volume as AI Storage Demand Drives 152nd-Ranked Rally

Sandisk (NASDAQ: SNDK) surged 17.90% on September 4, 2025, with a trading volume of $610 million, ranking 152nd in market activity. The rally reflects strong demand for NAND flash and enterprise SSDs amid a constrained memory chip supply chain. Analysts highlight SanDisk’s strategic position in addressing AI-driven storage needs, supported by its inventory optimization and debt reduction efforts.

Investor enthusiasm is fueled by robust growth in cloud and AI infrastructure, with hyperscalers and cloud providers accelerating data center expansions. Morgan Stanley upgraded the stock to "Overweight" with a $70 price target, citing supply tightness and pricing power. SanDisk’s UltraQLC technology and partnerships, including its manufacturing alliance with Kioxia, further strengthen its competitive edge in meeting surging storage demands.

Recent earnings revealed revenue of $1.9 billion, slightly exceeding expectations, while earnings per share (EPS) rose sharply year-over-quarter. Despite margin concerns and capital expenditures, the company’s leadership in enterprise SSDs and next-gen flash technology has bolstered confidence. A forward P/E ratio of 8.9 positions SanDisk as a value play within the semiconductor sector, attracting investors seeking exposure to AI and cloud infrastructure growth.

SanDisk reported $1.9 billion in revenue, surpassing forecasts, and delivered a significant EPS increase compared to the prior quarter. These results underscore its ability to capitalize on structural demand in data centers and AI workloads, despite challenges related to supply chain dynamics and competitive pressures.