SanDisk (SNDK) shares rose approximately 7% during Friday’s trading session after the company reported a 372% year-over-year increase in fourth-quarter revenue and announced a $14 billion stock repurchase authorization. The move followed a gain of more than 6% in the previous session, making SanDisk one of the strongest performers of the day even as the S&P 500 fell 0.2% and the Nasdaq declined 0.1%.

The quarterly revenue increase substantially exceeded analyst projections and reflected a resurgence in demand for NAND flash memory, particularly from artificial intelligence datacenter customers. SanDisk’s buyback authorization accompanied the results and represents a significant capital-return program from management.

The company’s performance also came as broader semiconductor markets received support from comments by Nvidia CEO Jensen Huang. Speaking at an AI leadership conference, Huang forecast that semiconductor revenue in 2027 would reach twice the level expected for 2026. The projection strengthened expectations for demand for high-performance NAND flash memory, which is used in AI server architectures.

Monetary policy developments also contributed to the backdrop for technology stocks. On September 16, the Federal Reserve raised its policy rate by 25 basis points, bringing the target range to 3.75%-4.00%. It was the central bank’s first rate increase since 2023. Treasury yields and crude oil prices subsequently moved lower, easing pressure on growth-oriented equities and supporting a rally in AI-related stocks, including SanDisk.

Analyst consensus for SanDisk remains at a Buy recommendation, with the average 12-month price target near $2,124.

Executive Stock Transactions

SanDisk Chief Executive Officer David Goeckeler sold approximately $51.7 million worth of shares on September 14 through a prearranged Rule 10b5-1 trading program. Chief Financial Officer Luis Visoso sold approximately $1.57 million of stock on September 15 through a comparable arrangement.

The transactions were executed under plans established several months earlier. Such prearranged sales are generally treated as portfolio-diversification activity rather than as signals about a company’s future performance.

SanDisk shares have gained approximately 580% year to date, giving the company a market capitalization of about $222.6 billion. Average daily trading volume is approximately 13.7 million shares.

The company’s focus on datacenter solutions and flash-memory technology has positioned it as a significant participant in AI infrastructure investment. Current technical-analysis indicators for SNDK show a Strong Buy rating.

Source: Blockonomi