Sandisk Corporation stock rose from a 52-week low of $36.21 to $1,778 on June 1, 2026, after being spun off from Western Digital in February 2025.

Sandisk was separated from Western Digital in February 2025 as a pure-play company focused on NAND flash storage for AI data centers.

The company operates with a gross margin of 56% and a forward earnings multiple around 10x the next 12 months of earnings, suggesting pricing power rather than commodity-like margin compression.

The stock delivered a return of over 4,200% from its 52-week low of $36.21 to $1,778 on June 1, 2026, reflecting market repricing of AI infrastructure storage demand.