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SNDK Stock Rebounds After 35% Drop This Week – Sandisk’s AI-Fueled Growth Is 'Tremendous, But Finite,’ Says Analyst
Morningstar analyst William Kerwin expects AI infrastructure spending to keep supporting NAND demand and pricing over the next few years, boosting SanDisk's revenue and margins.
He forecasts that SanDisk's revenue will grow at a 27% compound annual rate through fiscal 2030, with gross margins exceeding 80% in fiscal 2027.
However, the analyst expects the current NAND pricing cycle to peak around 2028, followed by a downturn in 2029 as new industry capacity comes online.
SanDisk (SNDK) shares rose in premarket trading on Wednesday alongside a broader market recovery after the previous session's sell-off, while Morningstar said the AI-driven boom in NAND memory could continue to lift the stock in the near term. However, it added that the chipmaker lacks the competitive advantages needed to sustain those gains over the long run.
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