Despite SanDisk’s stock rising more than 650% in 2026, an October 5 analysis argues that fears of an imminent crash are misplaced. Investors are concerned that the memory-chip industry has reached a cyclical peak. The analysis says the AI-driven demand wave is unprecedented and may last longer than the market expects.
SanDisk trades at a low forward earnings multiple, suggesting investors have already priced in significant pessimism. Industry peers have indicated strong demand through 2028 and signed customer deals extending to 2030.
The market appears to be pricing in a downturn for SanDisk within the next year, while company-level indicators point to sustained growth. The gap could present an opportunity for investors who expect the AI infrastructure boom to continue.