Here’s Why Sandisk Corporation (SNDK) is on Detractor’s List of BlackRock Science and Technology Term Trust

BlackRock, an investment management company, released its third-quarter 2025 investor letter for “BlackRock Science and Technology Term Trust”. A copy of the letter can be downloaded here. The BlackRock Science and Technology Term Trust (BSTZ) is a closed-end fund focused on investing in the technology sector. In Q3, the fund returned 10.1% on market price and 11.6% on net asset value (NAV) compared to the MSCI Custom ACWI SMID Growth IT Call Overwrite Index’s 15.2%. During the quarter, the trust adjusted its investments in the technology sector to align with changing market conditions and emerging opportunities. Additionally, please review the fund’s top five holdings to see its leading picks in 2025.

In its third-quarter 2025 investor letter, BlackRock Science and Technology Term Trust highlighted stocks such as Sandisk Corporation (NASDAQ:SNDK). Sandisk Corporation (NASDAQ:SNDK) is a data storage device and solutions provider using NAND flash technology. The one-month return for Sandisk Corporation (NASDAQ:SNDK) was 18.94%, and its shares gained 117.69% of their value over the last three months. On December 29, 2025, Sandisk Corporation (NASDAQ:SNDK) stock closed at $244.25 per share, with a market capitalization of $35.8 billion.

BlackRock Science and Technology Term Trust stated the following regarding Sandisk Corporation (NASDAQ:SNDK) in its third quarter 2025 investor letter:

“As macroeconomic factors, particularly related to trade tensions and tariffs, impacted the technology sector broadly, it had a notably adverse effect on large global hardware companies with complex supply chains and multinational product pipelines. As such, sector allocation to the semiconductors subsector and security selection within the hardware subsector were the largest detractors to relative performance over the period.

Lastly, an underweight position in Sandisk Corporation (NASDAQ:SNDK) (%) detracted from performance, the memory manufacturer rallied due to surging demand for their flash memory products from AI and cloud infrastructure, improved margins following Western Digital’s flash division spin-off, and bullish analyst upgrades amid tight supply and rising flash prices.”

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Sandisk Corporation (NASDAQ:SNDK)  is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 61 hedge fund portfolios held Sandisk Corporation (NASDAQ:SNDK) at the end of the third quarter, up from 49 in the previous quarter. While we acknowledge the risk and potential of Sandisk Corporation (NASDAQ: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 Sandisk Corporation (NASDAQ:SNDK) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Sandisk Corporation (NASDAQ:SNDK) and shared the list of spin-off companies in 2025. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.