The company is ramping up its manufacturing efforts.
On Monday, Sandisk and its Japanese partner announced the launch of operations at a new facility in Japan.
Flash memory chip maker Sandisk (NASDAQ: SNDK) hardly seemed like a flash in the pan in the last few days, at least as far as its equity went. On the back of a positive news item concerning production, plus good sentiment for all sorts of chip manufacturers generally, its stock was popular.
According to data compiled by S&P Global Market Intelligence, Sandisk shares were up almost 28% week to date as of early Friday morning.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »
On Monday, Sandisk and peer memory chip company Kioxia announced the launch of operations at a new semiconductor fabrication plant called Fab2. The facility is located in Kioxia's home nation of Japan.
Image source: Getty Images.
The companies will produce state-of-the-art 3D flash memory using technology developed together as part of an effort to satisfy rising demand for flash memory used in systems that power artificial intelligence (AI) functionalities.
"As AI advances, it is poised to transform industries, redefine careers, and reshape daily life in ways we're just beginning to imagine," said Maitreyee Mahajani, senior vice president of flash front end operations at Sandisk.
"Flash memory is at the very center of this transformation, unlocking the speed, efficiency and scalability needed for this next wave of innovations," she said.
Although there has been some pullback at times from stocks most directly associated with AI, there's life in some that aren't so readily identified with the technology. Sandisk is a veteran flash memory producer, and a compelling choice as a pick-and-shovel play in the flash segment of the AI space.
Before you buy stock in Sandisk, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Sandisk wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $626,942!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,157,870!*
Now, it’s worth noting Stock Advisor’s total average return is 1,063% — a market-crushing outperformance compared to 191% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.
See the 10 stocks »
*Stock Advisor returns as of September 29, 2025
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.