Sandisk (SNDK) is at the Heart of Everything, Says Jim Cramer

We recently published 9 Stocks on Jim Cramer’s Radar.  Sandisk Corporation (NASDAQ:SNDK) is one of the stocks on Jim Cramer’s radar.

Storage company Sandisk Corporation (NASDAQ:SNDK)’s shares are up by an unbelievable 705% since March 2025. Year-to-date alone, the shares have marked a 53% gain. The shares haven’t gone unnoticed by analysts either, as in January, BofA discussed Sandisk Corporation (NASDAQ:SNDK). It raised the share price target to $390 from $300 and set a Buy rating on the shares. Before BofA, JPMorgan had kept a Neutral rating on Sandisk Corporation (NASDAQ:SNDK) and set a $235 share price target in December. JPMorgan pointed out that the firm could benefit from tailwinds generated by AI-induced storage demand. Cramer commented on Sandisk Corporation (NASDAQ:SNDK) in December and remarked that the shares were “not the ones to be in.” In this appearance, he discussed the firm in the context of NVIDIA CEO’s comments at CES in Las Vegas:

“Now I wanna talk about a stock that is up 34% for the year. Sandisk. . .this is again right at the heart of when you listen to all the things that Jensen said, you wanna get memory. And memory is very thinly traded, this is a $46 billion company. But holy cow, this thing was $27 in April of 25′. It was one of the top five in the S&P. . .there’s a shortage, this is a shortage. . .there’s a storage shortage of monumental proportion which is why I don’t like the PC business.”

BlackRock Science and Technology Term Trust also discussed Sandisk Corporation (NASDAQ:SNDK) in its third quarter 2025 investor letter:

“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.”

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.