The AI Hardware Market: A New Wave of Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 03 2026
0mins
Should l Buy SNDK?
Source: Marketbeat
SanDisk's Market Performance: SanDisk has seen a remarkable stock increase of over 700% in the past year, driven by strong demand for data storage solutions, particularly in the AI sector, following a significant earnings report.
Shift in AI Infrastructure: The market is transitioning from centralized AI training to localized AI inference, requiring high-performance hardware, which is leading to increased demand for original equipment manufacturers (OEMs) that build the necessary physical infrastructure.
Dell's Positioning: Dell Technologies is capitalizing on the growing demand for AI hardware, reporting a record backlog of $18.4 billion for its AI servers, indicating strong future revenue potential and a solid position in the commercial market.
HP's Strategic Moves: HP Inc. is undergoing restructuring to enhance efficiency and profitability, aiming to generate significant savings while also offering attractive dividends to investors, positioning itself favorably in the evolving AI landscape.
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Analyst Views on SNDK
Wall Street analysts forecast SNDK stock price to fall
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 630.290
Low
220.00
Averages
283.69
High
410.00
Current: 630.290
Low
220.00
Averages
283.69
High
410.00
About SNDK
SanDisk Corporation is a developer, manufacturer and provider of data storage devices and solutions based on NAND flash technology and has consumer brands and franchises globally. The Company's solutions include a range of solid state drives (SSDs) embedded products, removable cards, universal serial bus (USB) drives, and wafers and components. Its broad portfolio of technology and products addresses multiple end markets of cloud, client and consumer. Its cloud end market is comprised primarily of products for public or private cloud environments and enterprise customers. The Company, through the client end market, provides numerous data solutions that it incorporates into its client’s devices, which consist of solid state drive desktop and notebook personal computers, gaming consoles and set top boxes, and flash-based embedded storage products. The Company serves the consumer end market with a portfolio of solid state drives and removable flash, including cards and USB flash drives.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sandisk Stock Soars with Strong Growth Prospects
- Stock Surge: Sandisk's stock has skyrocketed 1,475% since its public debut last February, with a 131% increase year-to-date, reflecting strong market demand and investor confidence, suggesting continued interest from investors.
- Significant Revenue Growth: In the most recent quarter, Sandisk's revenue jumped 61% year-over-year and 31% quarter-over-quarter, primarily driven by surging demand for data center solid-state drives, indicating a strong position in a rapidly growing market.
- Dramatic Profit Increase: Net income soared 672% year-over-year and 617% quarter-over-quarter, showcasing the company's success in cost management and market demand, further solidifying its leadership in the storage industry.
- Optimistic Future Outlook: Sandisk targets revenue of $4.4 billion to $4.8 billion for the upcoming quarter, representing a growth of 47% to 60%, with adjusted earnings projected at $12 to $14 per share, highlighting the company's robust profitability and market potential.
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- Significant Revenue Growth: In the most recent quarter, Sandisk's revenue jumped 31% quarter-over-quarter and 61% year-over-year, with data center revenue alone increasing by 64%, indicating robust demand for its solid-state drives.
- Enhanced Profitability: Net income surged 617% from the previous quarter and 672% year-over-year, showcasing the company's remarkable profitability amid the rapid expansion of AI computing needs.
- Optimistic Future Outlook: Sandisk targets revenue between $4.4 billion and $4.8 billion for the current quarter, representing a growth of 47% to 60% over Q2, with adjusted earnings projected at $12 to $14 per share, highlighting strong growth potential ahead.
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- Sandisk Performance Boom: Sandisk's stock has skyrocketed 1,440% since splitting from Western Digital, with data center revenue up 64% sequentially and 61% year-over-year in Q2 2026, reflecting strong demand for NAND flash memory, particularly in AI hyperscalers.
- ServiceNow Market Opportunity: Despite a 50% drop in stock price over the past year, ServiceNow's dominant position in workflow software and partnerships with AI companies suggest it is undervalued at current prices, with significant growth potential anticipated in 2026.
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See More
Three Hyper-Growth Tech Stocks to Buy in 2026
- Ciena's Market Potential: Ciena leads in networking and connectivity, with its data center business expected to double sales by 2025, growing its addressable market from $600 billion last year to $1 trillion by 2028, indicating strong growth potential and profitability.
- Sandisk's Strong Performance: Since splitting from Western Digital, Sandisk's stock has surged 1,440%, with data center revenue up 64% sequentially in Q2 2026, reflecting robust demand for NAND flash memory, and adjusted EPS reaching $6.20, significantly higher than last year's $1.23.
- ServiceNow's Investment Opportunity: Despite a 50% drop in stock price over the past year, ServiceNow's dominant position in workflow software and partnerships with AI companies suggest it is undervalued at a P/E ratio of 29, indicating substantial growth potential ahead.
- AI-Driven Technological Transformation: As AI technology evolves, companies like Ciena, Sandisk, and ServiceNow are strategically adapting to market demands, particularly with Ciena and Sandisk's rapid growth in the data center sector, signaling future investment opportunities.
See More
Sandisk Stock Soars with Strong Growth Prospects
- Stock Surge: Sandisk's stock has skyrocketed 1,475% since its public debut last February, with a 131% increase year-to-date, reflecting strong market demand and investor confidence, suggesting continued interest from investors.
- Significant Revenue Growth: In the most recent quarter, Sandisk's revenue jumped 61% year-over-year and 31% quarter-over-quarter, primarily driven by surging demand for data center solid-state drives, indicating a strong position in a rapidly growing market.
- Dramatic Profit Increase: Net income soared 672% year-over-year and 617% quarter-over-quarter, showcasing the company's success in cost management and market demand, further solidifying its leadership in the storage industry.
- Optimistic Future Outlook: Sandisk targets revenue of $4.4 billion to $4.8 billion for the upcoming quarter, representing a growth of 47% to 60%, with adjusted earnings projected at $12 to $14 per share, highlighting the company's robust profitability and market potential.
See More
Sandisk Stock Soars 1,475%: Key Drivers and Future Outlook
- Stock Surge: Sandisk's stock skyrocketed 1,475% since its IPO in 2025, with a year-to-date increase of 131% as of February 10, 2026, reflecting strong market performance and investor confidence.
- Significant Revenue Growth: In the most recent quarter, Sandisk's revenue jumped 31% quarter-over-quarter and 61% year-over-year, with data center revenue alone increasing by 64%, indicating robust demand for its solid-state drives.
- Enhanced Profitability: Net income surged 617% from the previous quarter and 672% year-over-year, showcasing the company's remarkable profitability amid the rapid expansion of AI computing needs.
- Optimistic Future Outlook: Sandisk targets revenue between $4.4 billion and $4.8 billion for the current quarter, representing a growth of 47% to 60% over Q2, with adjusted earnings projected at $12 to $14 per share, highlighting strong growth potential ahead.
See More
Anthropic Leads AI Revolution, Software Industry Faces Challenges
- AI Disrupts Traditional Software: The rise of Anthropic poses significant challenges to traditional software companies like Workday and Salesforce, particularly in the application of AI technology, threatening their market share and customer loyalty.
- Surge in Capital Expenditures: Tech giants like Amazon and Google have significantly raised their capital expenditure outlooks, with Amazon projecting spending to reach $200 billion, far exceeding the $147 billion consensus, which could impact stock performance and investor confidence.
- Intensified Market Competition: The rapid advancement of AI technology raises questions about the value of enterprise software, leading investors to adopt a pessimistic view on the future of traditional software companies, especially in labor-intensive areas that may face workforce reductions due to AI adoption.
- Investor Confidence Shaken: Despite significant advancements by companies like Anthropic and OpenAI in the AI space, market confidence in traditional software companies is waning, resulting in poor stock performance over the past six months and raising concerns about future profitability.
See More
Tech Stocks Rebound: Ciena, Sandisk, and ServiceNow Show Promising Outlook
- Ciena's Growth Potential: Ciena's leadership in networking and connectivity has led to a surge in demand as a key player in AI infrastructure, with expectations for its data center business to double sales by 2025, and its addressable market projected to grow from $600 billion to $1 trillion by 2028, indicating strong long-term growth potential.
- Sandisk's Performance Surge: Since splitting from Western Digital, Sandisk's stock has skyrocketed 1,440%, with data center revenue increasing 64% sequentially and 61% year-over-year in Q2 2026, showcasing robust demand and profitability in the NAND flash memory market.
- ServiceNow's Market Opportunity: Despite a 50% decline in stock price over the past year, ServiceNow's dominant position in workflow software and partnerships with AI companies present growth opportunities, with a current P/E ratio of 29 indicating room for expansion.
- Tech Stock Overall Rebound: As investors refocus on undervalued tech stocks, the S&P 500 has had a lukewarm start, while the Dow Jones Industrial Average reached a record high of 50,000, reflecting a recovering market confidence in technology stocks.
See More
Market Dynamics of Ciena, Sandisk, and ServiceNow
- Ciena Demand Surge: As companies build new data centers, demand for Ciena's networking components is accelerating, with expectations for its data center business to double sales by 2025, and its addressable market projected to grow from $600 billion to $1 trillion by 2028, highlighting its critical role in AI infrastructure.
- Sandisk Performance Boom: Sandisk's stock has skyrocketed 1,440% since splitting from Western Digital, with data center revenue up 64% sequentially and 61% year-over-year in Q2 2026, reflecting strong demand for NAND flash memory, particularly in AI hyperscalers.
- ServiceNow Market Opportunity: Despite a 50% drop in stock price over the past year, ServiceNow's dominant position in workflow software and partnerships with AI companies suggest it is undervalued at current prices, with significant growth potential anticipated in 2026.
- Investor Attention: While Ciena is viewed as a high-growth tech stock, it was not included in Motley Fool's current list of top investment picks, indicating that investors should exercise caution and stay informed about market trends.
See More
Three Hyper-Growth Tech Stocks to Buy in 2026
- Ciena's Market Potential: Ciena leads in networking and connectivity, with its data center business expected to double sales by 2025, growing its addressable market from $600 billion last year to $1 trillion by 2028, indicating strong growth potential and profitability.
- Sandisk's Strong Performance: Since splitting from Western Digital, Sandisk's stock has surged 1,440%, with data center revenue up 64% sequentially in Q2 2026, reflecting robust demand for NAND flash memory, and adjusted EPS reaching $6.20, significantly higher than last year's $1.23.
- ServiceNow's Investment Opportunity: Despite a 50% drop in stock price over the past year, ServiceNow's dominant position in workflow software and partnerships with AI companies suggest it is undervalued at a P/E ratio of 29, indicating substantial growth potential ahead.
- AI-Driven Technological Transformation: As AI technology evolves, companies like Ciena, Sandisk, and ServiceNow are strategically adapting to market demands, particularly with Ciena and Sandisk's rapid growth in the data center sector, signaling future investment opportunities.
See More
