We recently released 10 stocks post jaw-dropping double-digit gains; 4 hit all-time highs. SanDisk Inc (NASDAQ: SNDK ) was one of the best performers on Tuesday.
Sandisk shares jumped to a record high on Tuesday as investors welcomed Nvidia Corp. President and CEO Jensen Huang’s optimistic outlook for the memory storage market, saying the industry will become one of the largest in the world.
Sandisk Corporation (NASDAQ: SNDK ) climbed to a high of $352 during intraday trading before giving up gains to end the day up 27.56% at $349.63 per share.
Photo from Sandisk website
SanDisk Inc (NASDAQ: SNDK ) rose alongside peers such as Western Digital Corp, Seagate Technology Holdings Inc and Micron Technology Inc after Jensen Huang said he believes the memory storage market is an underserved industry but has the ability to become one of the largest in the world.
“This market could become the largest storage market in the world, essentially holding the working memory of the world’s artificial intelligence,” he said in a speech at CES 2026.
Huang said the current demand for AI-related storage exceeds the capabilities of current infrastructure because the amount of context and token memory that needs to be processed is “too high.”
In other developments, Sandisk Corporation (NASDAQ: SNDK ) launched a new line of solid-state drives called “Optimus” at the same event, designed for gamers, creators and professionals.
While we acknowledge SNDK’s potential as an investment, we firmly believe that some AI stocks are poised to deliver higher returns with limited downside risk. If you’re looking for dirt-cheap AI stocks that are also major beneficiaries of Trump’s tariffs and outsourcing, check out our free report on AI Best Short-Term Artificial Intelligence Stocks.
Read next: 30 stocks that will double in 3 years and 11 Hidden Artificial Intelligence Stocks to Buy Right Now.
Disclosure: None. This article was originally published on Insider Monkey.
