10 Stocks On Jim Cramer’s Mind & His Thoughts On Enterprise AI

4. Sandisk Corporation (NASDAQ:SNDK)

Number of Hedge Fund Holdings: 61

Sandisk Corporation (NASDAQ:SNDK) is a computer storage manufacturer. It is one of the top-performing stocks on the market as the shares are up by more than 1,300% over the past six months and by 136% year-to-date. Sandisk Corporation (NASDAQ:SNDK)’s fiscal second-quarter earnings report saw the firm post a strong set of numbers as it raised fiscal year 2026 guidance. For the current period, Sandisk Corporation (NASDAQ:SNDK) now expects to earn $15.7 billion in revenue and $39.50 in earnings per share, which mark a significant uptick from the previous estimates of $10.9 billion and $16.21. Following the earnings, several analysts discussed the firm. For instance, Bank of America raised the share price target to $850 from $390 and kept a Buy rating. Similarly, Barclays also significantly bumped up Sandisk Corporation (NASDAQ:SNDK)’s share price. It raised the price target to $750 from $385 and kept an Equal Weight rating on the stock. In his previous comments about the company, Cramer remarked that the significant earnings surprise during the latest report was one reason Sandisk Corporation (NASDAQ:SNDK)’s stock had performed well. In this appearance, he discussed the firm’s secondary issuance:

“By the way, buy every share of Sandisk on that, secondary.”