5 Most Undervalued NASDAQ Stocks to Buy Right Now

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1. Sandisk Corporation (NASDAQ:SNDK)

Number of Hedge Fund Holders: 114

Sandisk Corporation (NASDAQ:SNDK) is one of the 10 Most Undervalued NASDAQ Stocks to Buy Right Now. On July 3, Kioxia and Sandisk announced the start of production for their 10th-generation 3D flash memory technology at the Fab2 (K2) facility in Kitakami, Japan. This milestone follows the plant’s opening in September 2025 and is part of a multi-year effort to increase manufacturing capacity to meet rising global demand for NAND flash memory, particularly for AI-driven applications.

The K2 facility uses advanced CBA technology, earthquake-resistant architecture, and artificial intelligence to maximize manufacturing efficiency and energy savings. By scaling production of both 8th- and 10th-generation products, the companies aim to provide high-performance, high-capacity, and low-power storage solutions that support their long-term growth targets.

This launch underscores the strength of the companies’ long-standing joint venture, which was recently extended through December 2034. Through continued investments in the Kitakami plant, Kioxia and Sandisk Corporation (NASDAQ:SNDK) plan to maintain their competitiveness in the semiconductor industry while fostering economic development and strengthening US-Japan manufacturing relations.

Sandisk Corporation (NASDAQ:SNDK) develops and manufactures data storage devices and solutions based on NAND flash technology. Its offerings include solid-state drives, embedded products, removable cards, USB drives, and wafers and components, sold through consumer brands and global franchises.

While we acknowledge the potential of SNDK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SNDK and that has 100x upside potential, check out our report about the cheapest AI stock.

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