AI Titans: Nvidia and Sandisk Surge | Generated by AI

Home 2026.06

Question: How have stocks performed in recent months — both the popular name (Nvidia) and the surprise winner of 2026?

Answer:

The popular one — Nvidia (NVDA): strong fundamentals, choppy stock

The business is firing on all cylinders: Q4 FY2026 revenue hit a record $68.1B (up 73% YoY), and full fiscal 2026 revenue was $215.9B, up 65%, with the data center segment alone accounting for $193.7B. Jensen Huang’s framing: “the agentic AI inflection point has arrived”.

The stock, though, has cooled recently. NVDA hit its all-time closing high of $235.47 on May 14, 2026, and closed at $200.42 as of June 10 — down ~7.3% over the past month, though still up ~38% over the past year. Analysts remain bullish: the average rating is “Strong Buy” with a 12-month target around $298, ~45% above the latest price. One overhang worth noting: management is pivoting toward CPUs (targeting ~$20B in CPU revenue this year) partly to offset lost China revenue.

The surprise one — Sandisk (SNDK): the wildest story of 2026

This is the one nobody saw coming. Sandisk, the NAND flash specialist spun off from Western Digital in February 2025, is up more than 4,000% over the past year and ~570% YTD in 2026, climbing from a 52-week low of ~$36 to nearly $1,590 with a market cap above $230B. It’s now the top stock in the S&P 500 for 2026 — and notably, the rally isn’t driven by Nvidia or other mega-caps but by a company publicly traded for under 15 months.

The driver: AI inference needs massive storage. Its fiscal Q3 report on April 30 posted non-GAAP EPS of $23.41 — a 278% sequential surge that crushed the $14.66 consensus. The technically interesting bit for you: Sandisk is co-developing high-bandwidth flash (HBF) with SK Hynix for AI inference workloads, with prototype chips targeted by end of 2026 — essentially an HBM-analog built on NAND, aimed at the KV-cache/weights-storage tier of inference serving.

Broader context: the S&P 500 is up a modest ~8.2% in 2026, and the index hit new all-time highs in May on tech strength. So the pattern in recent months: indices grinding up, Nvidia consolidating off its highs, and the AI trade rotating from GPUs into the memory/storage layer (Sandisk, Micron, SK Hynix-adjacent names).

One caveat from me, not the sources: I’m not a financial advisor, and a stock up 4,000% in a year with an RSI in overbought territory carries serious expectation-reset risk — even some bullish analysts’ price targets sit below the current price. This is factual context, not a buy/sell signal.

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