Jim Cramer Says Sandisk Has “Pricing Power”

Sandisk Corporation (NASDAQ:SNDK) is one of the stocks on Jim Cramer’s radar recently. Cramer called it one of the “strongest stocks” in its industry, as he commented:

“When you’re supply-constrained, you have the ability to raise prices, and that’s the holy grail in any industry. Now, we keep hearing this phrase. Consider three of the strongest stocks in this market: Sandisk, Western Digital, and Seagate. You’ve seen them on the new high list all the time. They make storage devices vital for the data center explosion. All three have pricing power. This is a big deal because these three companies have struggled for pricing for years. They’re textbook commodity tech plays. When there’s too much supply, they can’t make the numbers. But when supply is tight, and demand’s outrageous, holy cow. Boom.”

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Sandisk Corporation (NASDAQ:SNDK) designs and manufactures data storage devices and solutions using NAND flash technology. The company’s products include SSDs, embedded storage, memory cards, and USB drives.

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