2. SanDisk (NASDAQ:SNDK)
Stock Performance Since Trade Date: +180%
SanDisk (NASDAQ:SNDK) is among the best AI stock picks in President Donald Trump’s portfolio. Since the stock trade day, the stock has gained about 364%.
SanDisk (NASDAQ:SNDK) is a leading NAND flash memory company that makes storage products including enterprise SSDs and consumer flash storage devices. Its customers include hyperscalers, data centers, PC makers, and consumer electronics companies. The stock has been on an amazing bull run but recently wavered amid concerns over the durability of the AI-driven demand supercycle, amplified by Broadcom’s weaker-than-expected AI semiconductor outlook.
However, bulls believe SanDisk (NASDAQ:SNDK) is a key beneficiary of accelerating AI-driven NAND flash demand in data centers, high-volume inference, and agentic workloads as the shift towards larger KV cache and storage intensity accelerates. NAND flash prices are growing 70-75% sequentially in the current quarter, marking the first time NAND has outpaced DRAM in the current AI memory supercycle.
The company has secured five multi-year supply partnerships under its New Business Models framework, locking in $42 billion in minimum contractual revenue covering over one-third of anticipated FY2027 bit demand. In full year 2026, revenue is projected to rise 168% year-over-year to $19.7 billion, and a further 101% in fiscal 2027 to $39.8 billion. SanDisk’s (NASDAQ:SNDK) upcoming BiCS8-based QLC SSD ramp is expected to accelerate its data center growth trajectory further, while its extended Kioxia joint venture through 2034 and $1 billion investment in Nanya strengthen its long-term supply resilience.
Recently, Mizuho raised SanDisk’s price target to $2,200 from $1,825 and maintained an Outperform rating, while BofA raised its target to $2,100 citing tight supply-demand balance.
Polen 5Perspectives Small Mid Growth Strategy stated the following regarding Sandisk Corporation (NASDAQ:SNDK) in its fourth quarter 2025 investor letter:
“The top contributors to the Portfolio’s relative performance in the quarter were Bloom Energy, Sandisk, and First Solar. Sandisk Corporation (NASDAQ:SNDK) is a provider of high-performance flash memory storage products (Solid State Drives, memory cards, and USB Flash Drives, etc.). AI requires immense volumes of fast, high-capacity data storage in data centers, edge devices, and consumer products, creating strong demand for its flash memory solutions which in turn allowed the company to exercise pricing power. This all culminated in very strong results and raised guidance during the quarter, as the company appears poised to experience AI related tailwinds for the foreseeable future.”
