Sandisk (NASDAQ:SNDK) stock has been having one of the best bull runs on Wall Street this year. It has jumped by 476% in 2026, beating benchmark indices like the S&P 500 and Nasdaq 100. Sandisk is up by 3,320% in the last 12 months, bringing its market capitalization to $208 billion.

Sandisk Stock Has Surged Amid Rising Storage Demand

SNDK has soared amid the rising storage demand amid the artificial intelligence boom in the United States. Its most recent earnings showed that its revenue surged by 97% QoQ in the third fiscal quarter to $5.9 billion. It soared by 251% from the same period last year, making it one of the fastest-growing companies in the US. 

The management delivered an upbeat guidance, noting that it had now reached an inflection point as it transitioned its business towards the highest-value end markets. 

Wall Street analysts are upbeat about its future growth, with the average estimate ...