Sandik (SNDK) Jumps 4.6% Over Launch of World’s Smallest, Large-Capacity Storage

We recently published 10 Firms Shining Bright in a Bleeding Market. Sandisk Corp. (NASDAQ:SNDK) is one of the best-performing stocks on Monday.

Sandisk saw its share prices jump by 4.61 percent on Monday to close at $265.88 apiece as investors cheered the launch of the world’s smallest USB-C flash drive as it ramps up its product offerings to tap the rapidly growing storage market.

Carrying as much as 1 terabyte of storage, Sandisk Corp. (NASDAQ:SNDK) said it expects the new flash drive to stay put once plugged into a laptop’s USB-C port.

The new product is designed for students, professionals, and other users who need more space through a compact external drive.

Sandisk Corp. (NASDAQ:SNDK) said the new drive was designed for the latest breed of slim laptops and tablets.

“Today’s professionals and students are constantly on the move, carrying slim laptops and tablets from home to office, meetings or class. They need storage that’s easy to access and always ready—so they can keep moving without missing a beat,” said Christina Garza, director of global brand management at Sandisk Corp. (NASDAQ:SNDK).

“With its compact, leave-in design, the new SANDISK Extreme Fit drive delivers fast, high-capacity storage—ready when they need it, without the hassle of plugging and unplugging or losing connection to cloud services,” she added.

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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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