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Sandisk Corporation (NASDAQ:SNDK) was one of the stocks Jim Cramer looked at during Mad Money’s episode. Cramer explained how the stock sells for relatively cheap despite huge runs, as he said:
Western Digital and Sandisk have similar trajectories. That’s why their stocks can keep charging higher even though the moves seem just crazy. In reality, they’re just catching up to the sky-high but incredibly realistic estimates. Consider the price of Sandisk. Right now, the stock trades at $1,255. It’s supposed to earn around $63 per share in fiscal 2026, which ends in June, and then nearly $170 per share next year, which I think is actually a low-ball estimate, even though it’s up a staggering 3,500%, how’s your S&P fund doing, over the past 12 months. It’s still selling for less than 10 times next year’s earnings. That’s extremely cheap for a growth stock. And make no mistake about it, Sandisk has become a growth stock.
Sandisk Corporation (NASDAQ:SNDK) sells NAND flash-based storage solutions, including solid-state drives, embedded storage, removable cards, and USB drives.
While we acknowledge the potential of SNDK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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