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SanDisk Corp. (NASDAQ:SNDK) shares rocketed roughly 81% in April, dwarfing NVIDIA Corp.’s (NASDAQ:NVDA) modest 1.8% gain and delivering more than 45 times the return of the AI chip king, according to Benzinga Pro data.
- SNDK stock is moving. See the chart and price action here.
The move highlights a sharp rotation inside the AI trade: investors are not walking away from Nvidia, but they are aggressively bidding up the memory side of the AI stack as NAND pricing and data center demand reset higher.
The Setup
The setup is straightforward: Nvidia remains the dominant force in AI accelerators, with unmatched scale, software lock-in and data center momentum.
But SanDisk has emerged as the purest way to play the storage shortage triggered by AI workloads, and …
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