Why Sandisk Stock Popped Today

Sandisk (NASDAQ: SNDK) this greeting unveiled its newest, 9th-generation, "high-performance 2Tb QLC 3D flash representation exertion designed to enactment the increasing retention demands of AI-driven infrastructure."

Sandisk banal is up 7.2% done 9:50 a.m. ET Wednesday successful response.

Missed Nvidia successful 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" awesome flashed for a little-known chipmaker called Nvidia. For the archetypal clip successful years, that aforesaid "Total Conviction" awesome is flashing for a institution 1/100th the size of Nvidia. Continue »

Sandisk and Kioxia: amended together?

Sandisk developed the caller flash representation exertion successful practice with Japan's Kioxia Corporation. The companies accidental their 9th-generation flash chips some work and constitute information 33% faster than the erstwhile 8th-generation chips and are much power-efficient.

Sandisk and Kioxia designed their 9th-gen chips to beryllium future-proof arsenic well. Recognizing that generative artificial quality is evolving toward agent-based and carnal AI (where AI processes information straight connected a device, specified arsenic erstwhile it operates robots oregon self-driving vehicles), the caller chips are designed to favour these applications.

What this means for Sandisk

All of which sounds large for Sandisk, but does it warrant adding astir $14 cardinal to the company's marketplace capitalization successful a azygous morning? Perhaps.

Valued astatine $181 cardinal today, Sandisk's banal terms has travel down a batch since closing astatine a grounds $2,335 successful precocious June. That's a haircut of astir $1,000, oregon much than 40%! At today's price, Sandisk banal costs little than 17 times trailing net -- net that are forecast to support connected climbing for astatine slightest the adjacent mates years, and mean amended than 42% yearly maturation implicit the adjacent 5 years, according to information from S&P Global Market Intelligence.

Sandisk's caller Gen 9 spot whitethorn beryllium lone an incremental betterment that keeps it abreast of the competition. But astatine this price, conscionable maintaining its existent presumption successful the representation marketplace should beryllium capable to marque Sandisk banal a winner.

Should you bargain banal successful Sandisk close now?

Before you bargain banal successful Sandisk, see this:

The Motley Fool Stock Advisor expert squad conscionable identified what they judge are the 10 champion stocks for investors to bargain now… and Sandisk wasn't 1 of them. The 10 stocks that made the chopped could nutrient monster returns successful the coming years.

Consider erstwhile Netflix made this database connected December 17, 2004... if you invested $1,000 astatine the clip of our recommendation, you'd person $403,337!* Or erstwhile Nvidia made this database connected April 15, 2005... if you invested $1,000 astatine the clip of our recommendation, you'd person $1,334,946!*