Supply and demand determine stock prices. The same goes for products and services. Tight industry conditions for memory and storage chips have been a major theme in recent months – a key reason I like SanDisk Corp. (SNDK), observes Lucas Downey, co-founder of MoneyFlows.
AI datacenter buildouts are keeping demand high while supply is limited. That's why SanDisk is a top memory and storage stock for 2026. The $100 billion market cap firm designs and develops flash memory products using NAND flash technology.
Incredibly, the stock has jumped 1,257% over the past year. This might be the most accumulated stock in our data since late summer. We’ve seen non-stop inflows beginning at $50 per share. At last measure, the stock traded around $632.
Now you may assume that this stock has run too far too fast. But consider the profit picture before you jump ship. The memory and storage bottleneck has sent the Average Selling Price (ASP) for SanDisk’s products surging.
In June, the estimated ASP for FY 2026 stood at $54.90. Fast forward to today and that number has ramped to $98. And estimates peg FY 2027 ASP at $118.75…further highlighting the strong pricing environment.
Folks, when earnings are expected to surge, the shares have nowhere to go but UP. Money flows will get you in position…EARLY.
