Sandisk Tops S&P 500 After More Than 3,000% Gain
The flash-memory maker led S&P 500 stocks since its 2025 listing, while management forecast strong revenue growth later this decade.
Key takeaways
- Sandisk shares have gained more than 3,000% since its February 2025 listing.
- Management forecast annual revenue growth in the mid-to-high teens from 2028 to 2030.
Sandisk has gained more than 3,000% since its February 2025 listing, giving it the best performance among S&P 500 stocks, according to Yahoo Finance’s Julie Hyman. The company began trading at $52 per share after Western Digital spun off its flash memory unit.
As of 18:30 UTC on Monday, Sandisk shares traded at $1,482.60, down 6.27% from the previous close. The source reported that Sandisk and other chip stocks fell Monday after a Chinese company announced a memory innovation.
Demand for NAND storage, supported by AI data center construction and companies training generative AI models, has helped drive Sandisk’s rise. Management forecast annual revenue growth in the mid-to-high teens from 2028 to 2030 and non-GAAP gross margins of about 80%.
This article was produced with the help of AI technology. Source: Yahoo Finance
