Jim Cramer Mentions Sandisk (SNDK) As He Discusses Biggest Gainers of Q2

Sandisk Corporation (NASDAQ:SNDK) was among the stocks on Jim Cramer’s Mad Money radar as he taught investors how to profit from the upcoming wave of takeovers. Cramer mentioned the stock during the episode, as he remarked:

Alright, now let’s talk about the winners… The winners for the quarter, the biggest gainers are the exact opposite of the Mag Seven. They make products that are in short supply with demand that’s off the charts. The two biggest winners in tech for the second quarter, a pair of memory companies, Sandisk and Micron… Last week, they (Micron) reported one of the biggest beat-and-raise quarters I’ve ever seen. Memory price has gone through the roof. Sandisk has done well, too. Both stocks have more than tripled in the last three months.

Sandisk Corporation (NASDAQ:SNDK) sells NAND flash-based storage solutions, including solid-state drives, embedded storage, removable cards, and USB drives. Cramer mentioned the stock during the May 27 episode, and said:

Look, there’s just too much opportunity out there to hold on to stocks that refuse to budge. So the lesson here is that if you think a stock’s headed higher, don’t use where the stock has come from as an excuse not to buy. Notice, I’m not even including the wow ones: Micron, Western Digital, Seagate, Sandisk. I’m not talking about those. I’m talking about the more easily attainable. Those ones are just incredible. Obviously, I missed those. People have made billions in those stocks.

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.

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