Sandisk Corp. (NASDAQ:SNDK) saw a 30.65% increase last week, hitting an all-time high of $68.67 on Friday. The rally was attributed to Morgan Stanley’s positive outlook on the NAND memory market, with strong enterprise SSD growth driven by AI infrastructure and HDD shortages.

Morgan Stanley predicts Sandisk Corp. (NASDAQ:SNDK) will benefit from the BICS 8 process ramping up in the second half of the year, positioning it for a strong 2026. However, some believe other AI stocks may offer higher returns with less risk. For more insights on AI stocks, check out our free report on the best short-term AI stock.

For more stock insights, read about the 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Read more at Yahoo Finance: Sandisk (SNDK) Gets 30.6% Boost from Renewed AI Optimism