Sandisk Stock Is Up 1,290% in the Past Year, but This AI Stock Could Soar When Memory Prices Stabilize
2026-03-02 04:08:00 ET
Demand for artificial intelligence infrastructure has led to an unprecedented supply shortage in memory chips. Sandisk (NASDAQ: SNDK) has benefited, its share price increasing 1,290% in the past year. But the situation has been a headwind for Everpure (NYSE: PSTG) , a company that buys large amounts of NAND flash memory to build data center storage solutions.
The International Data Corp. says memory chip supply shortages could last well into 2027, but production will catch up with demand at some point, causing prices to stabilize (or even fall). When that happens, Sandisk will suffer and Everpure (formerly Pure Storage) will benefit as supply chain pressures ease.
That may explain why most Wall Street analysts covering the companies rate Everpure as the better buy:
NASDAQ: PSTG
PSTG Trading
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