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We just covered the 12 Best Stocks to Invest In According to Jim Simons’ Renaissance Technologies and Sandisk Corporation (NASDAQ:SNDK) ranks 9th on this list.

Sandisk Corporation (NASDAQ:SNDK) is a relatively recent addition to the 13F portfolio of Renaissance Technologies. The fund first disclosed a stake in the company in the second quarter of 2025. This position comprised 413,000 shares. In the next quarter, the fund added to this stake by over 100%, growing it to more than 835,000 shares. In the fourth quarter of 2025, another 44% addition was made to the position. Filings for the first quarter of 2026 show that the fund owned nearly 800,000 shares in the firm, down more than 33% compared to filings for the fourth quarter of 2025. Sandisk develops, manufactures, and sells data storage devices.

Sandisk Corporation (NASDAQ:SNDK) recently posted Q3 FY26 revenue of $5.95 billion, representing a 251% increase year-over-year compared to the $1.7 billion recorded in the prior-year quarter. The company generated diluted adjusted EPS of $23.41, obliterating Wall Street consensus estimates of $14.36 by 63%. It posted a net income of $3.62 billion, a profound shift from a net loss of $1.93 billion during the same period last year. The datacenter segment revenue surged by 645% quarter-over-quarter. This exponential growth was driven by cloud expansion in Asian enterprise markets and high traction across deep-learning workloads.

While we acknowledge the potential of SNDK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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