5 Stocks Winning by Double Digits

2. Sandisk Corp. (NASDAQ:SNDK)

Sandisk soared to an all-time high anew on Thursday, as investors continued to load up on its shares after Micron Technology’s stellar earnings performance that validated the ongoing strong demand for the memory market.

In intra-day trading, Sandisk Corp. (NASDAQ:SNDK) climbed to a fresh all-time high of $2,348 before paring gains to end the session just up by 21.53 percent at $2,335 apiece.

In its earnings release, Micron said that its record earnings performance and even stronger outlook for the fourth quarter of fiscal year 2026 “reflect the strategic value of memory in the AI era.”

Investment firm Citigroup raised its price target for Sandisk Corp. (NASDAQ:SNDK) by 23 percent to $2,500 from $2,025 previously, following Micron’s comments, while maintaining its buy recommendation.

It said that the coverage was amid an improving outlook for the NAND market following Micron’s better-than-expected results, noting that demand for NAND memory is exceeding supply, with tightness anticipated further beyond 2027.

“We remain constructive on favorable NAND supply/demand fundamentals on durable AI-led datacenter demand (KV cache offloading to more cost-effective SSDs),” Citigroup said.