Sandisk Corporation (NASDAQ:SNDK) is one of the best performing S&P 500 stocks in 2025. JPMorgan initiated coverage with a Neutral rating and $235 price target, highlighting SanDisk’s AI-driven enterprise SSD supercycle opportunity but cautioning on temporary pricing strength.

In FQ1 2026, SanDisk reported $2.3 billion in revenue, a 21% sequential increase, and a 23% year-over-year increase. Non-GAAP EPS surged to $1.22 supported by a 29.9% gross margin. Data Center revenue rose 26% to $269 million, and SanDisk projects revenue between $2.55 and $2.65 billion for FQ2 2026.

SanDisk develops, manufactures, and sells data storage devices and solutions using NAND flash technology globally. While SNDK has potential, consider other AI stocks with greater upside potential and less downside risk. Explore the best short-term AI stock for investment opportunities.

Disclosure: None. This article is originally published on Insider Monkey.

Read more at Yahoo Finance: JPMorgan Cautions on SanDisk’s (SNDK) Long-Term Profitability Despite AI-Driven SSD Supercycle