Sandisk Corp. (NASDAQ:SNDK) tops our list of spin-off companies in 2025 and is also the largest by market cap. The company was a wholly owned subsidiary of Western Digital Corporation (NASDAQ:WDC) and became an independent company following its spin-off, which was completed on February 21, 2025. WDC distributed 80.1% of its stake to its shareholders, who received one-third (1/3) of one share of Sandisk’s common stock for each share of WDC’s common stock held (per the company’s report).
While Western Digital retained 19.9% of Sandisk’s outstanding common stock at the time, it disposed of 14.6% of it on June 6, 2025, through an exchange for WDC debt held by WDC creditors.
Sandisk Corp. (NASDAQ:SNDK) continues to experience strong demand across its data centers, edge, and consumer end-markets. This was corroborated by Benchmark analyst Mark Miller’s December 18 reiteration of a Buy rating and a $260 price target on the stock, who noted strong momentum in the NAND flash memory market.
This rating update came shortly after stronger results from another memory semiconductor player, Micron Technology Inc. (NASDAQ:MU), on December 17. Micron reported robust growth across its end markets and raised its 2025 NAND bit demand growth guidance to a high-teens range, up from a low- to mid-teens range previously. Moreover, the company’s capital expenditure plans have been increased to $20 billion, up from $18 billion previously.
BNP Paribas analyst Karl Ackerman also appeared bullish in his December 10 comments in which he opined that the memory sector is entering a “historic upcycle,” and Sandisk as well as Micron are well positioned to benefit from it. He further stated,
“With consumer DRAM and NAND TLC spot prices increasing 408% and 165% Y/Y in November, respectively, we believe we are entering a historic DRAM and NAND upcycle that could span 2026. We continue to favor the memory and storage supply chain, though companies with high data center mix should fare better.”
Sandisk Corp. (NASDAQ:SNDK) is a leading developer, manufacturer, and provider of data storage devices and solutions based on NAND flash technology.
While we acknowledge the risk and potential of SNDK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SNDK and that has 10,000% upside potential, check out our report about this cheapest AI stock.
READ NEXT: Cathie Wood’s Stock Portfolio: Top 10 Stocks to Buy and 11 Best Stocks You’ll Wish You Bought Sooner.
Disclosure: None. This article is originally published at Insider Monkey.
Hedge Fund Resource Center