The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

Sandisk Corp. (NASDAQ:SNDK) is one of the 10 Stocks Investors Are Running Away From.

Sandisk extended its losing streak to a fourth consecutive day on Tuesday, shedding 7.26 percent to close at $1,617.70 apiece, as investors resumed profit-taking to take advantage of its high valuation.

Last month alone, shares in Sandisk Corp. (NASDAQ:SNDK) surged by as much as 38.9 percent, hitting a peak of $2,354.39 amid the ongoing strong demand for memory and storage products, thanks to the rapidly growing AI. This year alone, the stock has already climbed by as much as 892 percent.

Photo from Sandisk's website

The surge was further validated by Apple Corp.'s planned increase in the prices of its products, citing the high memory costs.

Additionally, tight supply for the NAND market is expected further beyond 2027, sparking further rosy prospects for Sandisk Corp. (NASDAQ:SNDK) and its counterparts.

Late last month, Sandisk Corp. (NASDAQ:SNDK) earned a 23 percent price target upgrade from Citigroup, at $2,500 versus $2,025 previously, following Micron Technology's strong earnings performance and even stronger outlook for the fourth quarter of fiscal year 2026.

"We remain constructive on favorable NAND supply/demand fundamentals on durable AI-led datacenter demand (KV cache offloading to more cost-effective SSDs)," Citigroup said.

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.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.