Sandisk Shares Surge 559% Post Spin-off, Gains Market Share in NAND
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 04 2026
0mins
Should l Buy MU?
Source: Yahoo Finance
- Stock Performance: Sandisk's share price skyrocketed by 559% in 2025, making it the best-performing stock in the S&P 500, indicating strong market performance and investor confidence.
- Market Share Growth: As of June 2025, Sandisk gained 2 percentage points of market share in NAND flash memory, ranking fifth, which demonstrates its strengthening position in a competitive market.
- Future Expectations: Wall Street anticipates Sandisk's adjusted earnings to grow at an annual rate of 112% through the fiscal year ending in 2028, making the current valuation of 110 times earnings appear reasonable, despite concerns over potential supply glut risks.
- Industry Trends: The robust demand for data storage products driven by AI infrastructure buildout led to strong performances from Sandisk, Western Digital, and Micron Technology in 2025, reflecting the overall growth potential of the industry.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy MU?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on MU
Wall Street analysts forecast MU stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MU is 336.12 USD with a low forecast of 235.00 USD and a high forecast of 500.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
26 Analyst Rating
24 Buy
2 Hold
0 Sell
Strong Buy
Current: 382.890
Low
235.00
Averages
336.12
High
500.00
Current: 382.890
Low
235.00
Averages
336.12
High
500.00
About MU
Micron Technology, Inc. provides memory and storage solutions. The Company delivers a portfolio of high-performance dynamic random-access memory (DRAM), NAND, and NOR memory and storage products through its Micron and Crucial brands. The Company's products enable advancing in artificial intelligence (AI) and compute-intensive applications. Its segments include Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU). CNBU segment includes memory products and solutions sold into the data center, PC, graphics, and networking markets. MBU segment includes memory and storage products sold into the smartphone and other mobile-device markets. EBU segment includes memory and storage products and solutions sold into the intelligent edge through the automotive, industrial, and consumer embedded markets. SBU segment includes SSDs and component-level storage solutions sold into the data center, PC, and consumer markets.
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.
Micron Technology Stock Surges 239% with Continued Growth Potential
- Strong Market Demand: Driven by applications such as data centers, smartphones, and personal computers, demand for memory chips is outpacing supply, leading to significant price increases; Gartner predicts a 47% rise in DRAM prices, which will directly boost Micron's revenue growth.
- Earnings Expectations Raised: Micron reported earnings of $8.29 per share in fiscal 2025, with projections indicating a more than 5-fold increase in earnings over the next two years, reflecting analysts' heightened confidence in its future growth.
- Valuation Advantage: Currently trading at a price-to-earnings ratio of 13, significantly lower than the Nasdaq-100 index, indicating that Micron's growth potential is not fully priced into its stock, suggesting further upside.
- Significant Price Potential: If Micron achieves earnings of $43.54 per share by the end of fiscal 2027, trading at a 20 times earnings multiple could see its stock price reach $871, nearly double its current price, highlighting strong growth prospects.
See More
AI Drives Emergence of Trillion-Dollar Companies
- Samsung Nears Trillion-Dollar Valuation: Samsung Electronics, with a current market cap of $772.8 billion and a 217% increase over the past year, is set to benefit from a projected 50% rise in RAM prices by Q1 2026, which could nearly triple its operating profit in Q4 2024, highlighting its strong potential in the AI market.
- Micron's Rapid Growth: Micron Technology, valued at $469.5 billion, has surged 373% in the past year, with a 57% year-over-year revenue increase and a 180% net income surge in Q1 of fiscal 2026, indicating significant opportunities despite being further from the trillion-dollar mark.
- ASML's Market Monopoly: ASML, with a market cap of $542 billion, is the sole provider of EUV lithography machines, achieving a 20.6% revenue growth and a 32.4% net income increase in 2025, reflecting strong demand in the semiconductor sector.
- Surge in Lithography Orders: ASML's orders for new lithography machines skyrocketed by 48%, from 18.89 million in 2024 to 28 million in 2025, underscoring its critical role in semiconductor production and potential to reach a trillion-dollar valuation.
See More
Big Tech's Capital Expenditure Outlook Amid Market Concerns
- Capital Expenditure Trends: Gary Black, managing partner at Future Fund, noted that capital expenditure budgets typically start high at the beginning of the year and shrink as companies reassess their needs, indicating that short-term financial impacts will be minimal.
- Return on Investment Expectations: Black emphasized that despite big tech companies planning to invest over $630 billion in AI buildouts for 2026, tech CEOs will eventually realize that declining ROI necessitates scaling back future capex plans.
- Company Financial Performance: Alphabet, Google's parent company, is guiding its 2026 capex between $175 billion and $185 billion, significantly above the street's $120 billion expectation, while Meta's capex has also risen sharply to between $115 billion and $135 billion, reflecting strong confidence in future growth.
- Market Reaction Analysis: Despite market concerns over massive expenditures, Nvidia CEO Jensen Huang stated that these investments are “appropriate and sustainable,” noting that companies will see positive cash flow impacts during this critical infrastructure buildout phase.
See More
AI Infrastructure Drives Micron and Sandisk Stock Surge
- Micron's Revenue Surge: Micron Technology (MU) reported a 59% revenue increase last quarter, with gross margins rising from 38.4% to 56%, reflecting strong performance in the DRAM market and significant profitability enhancement amid soaring AI infrastructure demand.
- DRAM Shortage Impact: The complexity of producing high-bandwidth memory (HBM), which requires 3 to 4 times the wafer capacity of standard DRAM, has led to an overall DRAM shortage and price increases, providing Micron with substantial revenue growth and competitive advantages in the market.
- Sandisk's Market Opportunity: Sandisk (SNDK), as a pure play in the NAND market, is benefiting from ongoing supply shortages, with a remarkable 76% revenue increase last quarter and gross margins climbing from 32.3% to 50.9%, highlighting its critical role in the growing AI infrastructure demand.
- Flash Memory Supercycle: With the increasing demand for high-performance solid-state drives (SSDs) in AI infrastructure, the ongoing supply shortage in the flash memory market positions Sandisk favorably to capitalize on this trend, suggesting continued growth potential in the future.
See More
Dow Jones Surpasses 50,000 for the First Time
- Historic Dow Jones Milestone: The Dow Jones Industrial Average closed above 50,000 for the first time, rising approximately 2.5% in a day, indicating increased market confidence in the ongoing bull market, particularly driven by blue-chip and AI hardware stocks.
- Semiconductor Stock Rebound: Nvidia surged 8.01%, leading a strong rebound in AI hardware, suggesting robust demand in the semiconductor sector that may attract more investor interest in related stocks.
- Bitcoin Recovery: Bitcoin prices rebounded to over $70,000, recovering nearly 11.02% from a low of almost $60,000, reflecting a resurgence in market risk appetite that could influence investors' asset allocation strategies.
- Amazon and Micron Declines: Despite the overall market rally, Amazon slid due to its hefty 2026 capex plan, while Micron fell on reduced expectations for HBM4 memory chips, highlighting ongoing concerns regarding certain tech stocks amidst the broader market optimism.
See More
Sandisk's Stock Soars 1840% Amid Memory Chip Demand
- Stock Surge: Sandisk's stock price skyrocketed by 1,840% over the past year, significantly outpacing Micron's 339% increase, indicating strong performance in the memory market and high investor confidence.
- Revenue Growth: In Q2 of fiscal 2026, Sandisk's revenue surged by 61% year-over-year to over $3 billion, nearly tripling Micron's NAND revenue growth during the same period, highlighting robust demand in data centers and consumer markets.
- Profitability Boost: Sandisk's non-GAAP earnings soared more than fivefold to $6.20 per share in the quarter, reflecting that demand for its flash memory products is outstripping supply, with shortages expected to persist into 2026.
- Future Outlook: Sandisk anticipates revenue of $4.6 billion in the current quarter, a potential increase of 172% year-over-year, and expects earnings per share to reach $13, indicating substantial growth potential and the possibility of over tenfold earnings growth in the next fiscal year.
See More
Micron Technology Stock Surges 239% with Continued Growth Potential
- Strong Market Demand: Driven by applications such as data centers, smartphones, and personal computers, demand for memory chips is outpacing supply, leading to significant price increases; Gartner predicts a 47% rise in DRAM prices, which will directly boost Micron's revenue growth.
- Earnings Expectations Raised: Micron reported earnings of $8.29 per share in fiscal 2025, with projections indicating a more than 5-fold increase in earnings over the next two years, reflecting analysts' heightened confidence in its future growth.
- Valuation Advantage: Currently trading at a price-to-earnings ratio of 13, significantly lower than the Nasdaq-100 index, indicating that Micron's growth potential is not fully priced into its stock, suggesting further upside.
- Significant Price Potential: If Micron achieves earnings of $43.54 per share by the end of fiscal 2027, trading at a 20 times earnings multiple could see its stock price reach $871, nearly double its current price, highlighting strong growth prospects.
See More
AI Drives Emergence of Trillion-Dollar Companies
- Samsung Nears Trillion-Dollar Valuation: Samsung Electronics, with a current market cap of $772.8 billion and a 217% increase over the past year, is set to benefit from a projected 50% rise in RAM prices by Q1 2026, which could nearly triple its operating profit in Q4 2024, highlighting its strong potential in the AI market.
- Micron's Rapid Growth: Micron Technology, valued at $469.5 billion, has surged 373% in the past year, with a 57% year-over-year revenue increase and a 180% net income surge in Q1 of fiscal 2026, indicating significant opportunities despite being further from the trillion-dollar mark.
- ASML's Market Monopoly: ASML, with a market cap of $542 billion, is the sole provider of EUV lithography machines, achieving a 20.6% revenue growth and a 32.4% net income increase in 2025, reflecting strong demand in the semiconductor sector.
- Surge in Lithography Orders: ASML's orders for new lithography machines skyrocketed by 48%, from 18.89 million in 2024 to 28 million in 2025, underscoring its critical role in semiconductor production and potential to reach a trillion-dollar valuation.
See More
Big Tech's Capital Expenditure Outlook Amid Market Concerns
- Capital Expenditure Trends: Gary Black, managing partner at Future Fund, noted that capital expenditure budgets typically start high at the beginning of the year and shrink as companies reassess their needs, indicating that short-term financial impacts will be minimal.
- Return on Investment Expectations: Black emphasized that despite big tech companies planning to invest over $630 billion in AI buildouts for 2026, tech CEOs will eventually realize that declining ROI necessitates scaling back future capex plans.
- Company Financial Performance: Alphabet, Google's parent company, is guiding its 2026 capex between $175 billion and $185 billion, significantly above the street's $120 billion expectation, while Meta's capex has also risen sharply to between $115 billion and $135 billion, reflecting strong confidence in future growth.
- Market Reaction Analysis: Despite market concerns over massive expenditures, Nvidia CEO Jensen Huang stated that these investments are “appropriate and sustainable,” noting that companies will see positive cash flow impacts during this critical infrastructure buildout phase.
See More
AI Infrastructure Drives Micron and Sandisk Stock Surge
- Micron's Revenue Surge: Micron Technology (MU) reported a 59% revenue increase last quarter, with gross margins rising from 38.4% to 56%, reflecting strong performance in the DRAM market and significant profitability enhancement amid soaring AI infrastructure demand.
- DRAM Shortage Impact: The complexity of producing high-bandwidth memory (HBM), which requires 3 to 4 times the wafer capacity of standard DRAM, has led to an overall DRAM shortage and price increases, providing Micron with substantial revenue growth and competitive advantages in the market.
- Sandisk's Market Opportunity: Sandisk (SNDK), as a pure play in the NAND market, is benefiting from ongoing supply shortages, with a remarkable 76% revenue increase last quarter and gross margins climbing from 32.3% to 50.9%, highlighting its critical role in the growing AI infrastructure demand.
- Flash Memory Supercycle: With the increasing demand for high-performance solid-state drives (SSDs) in AI infrastructure, the ongoing supply shortage in the flash memory market positions Sandisk favorably to capitalize on this trend, suggesting continued growth potential in the future.
See More
Dow Jones Surpasses 50,000 for the First Time
- Historic Dow Jones Milestone: The Dow Jones Industrial Average closed above 50,000 for the first time, rising approximately 2.5% in a day, indicating increased market confidence in the ongoing bull market, particularly driven by blue-chip and AI hardware stocks.
- Semiconductor Stock Rebound: Nvidia surged 8.01%, leading a strong rebound in AI hardware, suggesting robust demand in the semiconductor sector that may attract more investor interest in related stocks.
- Bitcoin Recovery: Bitcoin prices rebounded to over $70,000, recovering nearly 11.02% from a low of almost $60,000, reflecting a resurgence in market risk appetite that could influence investors' asset allocation strategies.
- Amazon and Micron Declines: Despite the overall market rally, Amazon slid due to its hefty 2026 capex plan, while Micron fell on reduced expectations for HBM4 memory chips, highlighting ongoing concerns regarding certain tech stocks amidst the broader market optimism.
See More
Sandisk's Stock Soars 1840% Amid Memory Chip Demand
- Stock Surge: Sandisk's stock price skyrocketed by 1,840% over the past year, significantly outpacing Micron's 339% increase, indicating strong performance in the memory market and high investor confidence.
- Revenue Growth: In Q2 of fiscal 2026, Sandisk's revenue surged by 61% year-over-year to over $3 billion, nearly tripling Micron's NAND revenue growth during the same period, highlighting robust demand in data centers and consumer markets.
- Profitability Boost: Sandisk's non-GAAP earnings soared more than fivefold to $6.20 per share in the quarter, reflecting that demand for its flash memory products is outstripping supply, with shortages expected to persist into 2026.
- Future Outlook: Sandisk anticipates revenue of $4.6 billion in the current quarter, a potential increase of 172% year-over-year, and expects earnings per share to reach $13, indicating substantial growth potential and the possibility of over tenfold earnings growth in the next fiscal year.
See More
