15 Stocks That Will Benefit From AI

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12. Sandisk Corporation (NASDAQ:SNDK)

EPS Next Year: 110.25%

Number of Hedge Fund Holders: 44

Sandisk Corporation (NASDAQ:SNDK) is one of the 15 Stocks That Will Benefit From AI.

On August 15, 2025, Cantor Fitzgerald confirmed its Overweight rating and $50 price target for Sandisk Corporation (NASDAQ:SNDK) following the company’s excellent June-quarter results beat. However, a weaker EPS projection for September hurt investor confidence. Management cited a 14-week quarter that increased spending.

Despite near-term margin erosion from higher BiCS8 costs, Cantor expects profitability to stabilize as the cost per bit falls and average selling prices climb. Sandisk Corporation (NASDAQ:SNDK) reported that channel inventories have steadied, with its own levels improving to 135 days from 150 last quarter. The business raised profit expectations for 2025 and 2026, arguing that the stock appears undervalued, particularly after a 10%+ post-results decline, with analyst targets ranging from $37 to $70 and consensus leaning favorable.

Sandisk Corporation (NASDAQ:SNDK) creates and distributes NAND flash-based data storage products, such as SSDs, embedded storage, and detachable drives, to OEMs, cloud providers, and consumers worldwide across a variety of industries and applications. It is on our list of the Best AI Stocks.

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