Time to Admit,' Says Top Investor About Sandisk Stock

SanDisk shares fell about 14% on Tuesday as selling hit the global memory sector, after weakness in South Korean tech stocks triggered broad declines in U.S.-listed memory names. The article notes that SanDisk’s slump followed a steep prior run: since separating from Western Digital, the stock gained more than 4,000% over the past 12 months. It points to fundamentals that have continued improving, including quarterly revenues that nearly doubled sequentially and non-GAAP gross margin approaching 80%. However, investors had grown cautious due to valuation and the cyclical nature of memory demand. The piece highlights TipRanks’ top investor James Foord, who turned from bearish to bullish, saying “edge AI changes everything.” He argues that falling LLM token spending signals a new “edge wave,” with AI models running on local devices, boosting NAND per device. Foord also cites constrained NAND supply but broadening demand, calling SanDisk the largest pure-play beneficiary. The investor adds that governments’ AI push, including potential U.S. equity stakes, supports the long-term thesis.