Sandisk: Millionaire-Maker or Just a Flash in the Pan?

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Right. So, Sandisk (SNDK 1.07%). It’s been… well, a bit of a phenomenon, hasn’t it? Separated from Western Digital in February 2025, and suddenly, if you’d invested, say, ten thousand dollars… it’s now worth roughly $131,380. Which is… a lot. I mean, a lot. Suddenly I’m thinking about early retirement, and whether I really need that third coffee. The question, of course, is: can it continue? Is this the path to becoming a millionaire, or just a temporary spike before everything comes crashing down? It’s enough to make one lie awake at night, honestly.

Everyone’s wondering if they should hold on, anticipating further gains. The earnings are multiplying at a frankly alarming rate, and it’s tempting to believe this could actually, possibly, make one wealthy. The sheer optimism is… unsettling. I’ve started referring to my portfolio as ‘the future me’ which feels… slightly delusional. But let’s try to be rational. Let’s look at the numbers, shall we? And maybe have that third coffee after all.

Sandisk’s Momentum: It’s Not Slowing Down Anytime Soon

Apparently, demand for Sandisk’s products is massively outstripping supply. Which, logically, is good. They make flash storage – you know, the things that hold all our data – for everything from data centres to smartphones. It’s all rather technical, and I mostly nod and pretend to understand when people explain it. But the key thing is, these solid-state drives (SSDs) are incredibly popular, especially with those AI data centres. Apparently, they need to store vast amounts of data to train those large language models (LLMs) – whatever those are. It’s all a bit futuristic, isn’t it? And the supply is expected to remain constrained beyond 2026. Which means… prices are going up. Naturally.

TrendForce anticipates a 55% to 60% increase in NAND flash prices this quarter. 55%! That’s… significant. Bank of America is forecasting a 45% increase in revenue in 2026, driven by a 26% jump in average selling price. And the actual increases are likely to be even higher, apparently, because companies are willing to pay a premium to get their hands on this stuff. Sandisk has reportedly doubled the prices of its 3D NAND enterprise SSDs this quarter. Doubled! It’s almost… greedy. But then again, it’s business, isn’t it? And it explains why earnings are expected to jump significantly from last year’s $2.99 per share.

Can This Stock Really Make You a Millionaire? (A Diary of Anxieties)

Okay, let’s be honest. Buying a stock solely on the hope of becoming wealthy is… unwise. It’s the kind of thing I used to do in my twenties, fuelled by instant noodles and unrealistic expectations. Any weaknesses in the AI infrastructure market could bring Sandisk’s rally to a halt. It’s a risk. I’ve started a list: ‘Things That Could Go Wrong’. It’s surprisingly long. The sensible thing, of course, is to build a diversified portfolio. It’s what all the financial advisors say. I’m trying to be sensible. Really, I am. But the lure of quick riches is… powerful.

The good news is that Sandisk is currently trading at just 16 times forward earnings, which is well below the Nasdaq-100’s multiple of 25. That sounds… good, doesn’t it? The chart above suggests earnings could jump to $80.90 per share by next year. If it trades in line with the Nasdaq-100 at that time, the stock could triple. Triple! It’s not too late to buy, apparently. Although, the thought of actually investing money is still… terrifying. I need another coffee. And possibly a lie-down.

Units of Cryptocurrency Lost: 12. Hours Spent Watching Charts: 9. Number of Panicked Texts to Friends: 24. Will become disciplined long-term investor: Unlikely.

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2026-02-26 14:32