12 Best Computer Hardware Stocks to Invest In

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6. Sandisk Corporation (NASDAQ:SNDK)

Number of Hedge Fund Holders: 49

Sandisk Corporation (NASDAQ:SNDK) ranks among the best computer hardware stocks to invest in. Cantor Fitzgerald maintained its Overweight rating and $50 price target for Sandisk Corporation (NASDAQ:SNDK) on August 15 in response to the company’s most recent earnings report. Although the June quarter earnings topped expectations, the positive results were overshadowed by decreased EPS guidance for the September quarter.

Sandisk Corporation (NASDAQ:SNDK) anticipates that undersupplied conditions will continue until the end of 2026, though it remains upbeat about the overall supply/demand situation. According to Sandisk Corporation (NASDAQ:SNDK), its own inventory days decreased from 150 days in the previous quarter to 135 days, indicating that channel inventories have stabilized.

Cantor Fitzgerald anticipates margins to also normalize over time as cost per bit continues to decline and ASPs improve, despite worries about lower gross margin projections, which it mostly attributes to higher costs in BiCS8 technology.

Sandisk Corporation (NASDAQ:SNDK) is an American multinational computer technology company that develops and produces flash memory storage devices based on NAND technology.

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