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Sandisk

SNDKNasdaqXNASUSD
Company website ↗Investor relations ↗
UnchangedThesis v1
Latest local closeData retrievedThesis revised

Native listing

Price and relative performance

The local close remains in USD. Return comparisons use normalized performance, never nominal prices across currencies.
+0.28% today

Latest local close

USD 49.98

SNDK · Nasdaq · Jul 15, 2026

Daily
+0.28%

Previous observed local session

Weekly
+0.81%

Five observed local sessions

Monthly
-3.95%

Twenty-one observed local sessions

1M vs theme
-2.30%

Company return minus Memory basket

1M vs benchmark
-6.83%

Company return minus semiconductor benchmark

Normalized performance

Sandisk, Memory basket, and benchmark

Sandisk, the equal-weight Memory basket, and the semiconductor benchmark are each rebased to 100 over the selected window. Sandisk's underlying close remains USD-denominated.

Local-return mode

Optional company overlays

Visible history: Feb 2–Jul 15. Lines connect actual observations for readability; return calculations do not forward-fill holidays.

Base = 100

Accessible latest values
  • Equal-weight Memory basket103.86
  • Semiconductor benchmark108.68
  • Sandisk100.21

Thesis map

Where this company touches the thesis

The published theme thesis remains AI-led HBM demand can support an extended memory upcycle if conventional demand recovers, supply remains disciplined, and leading producers execute on qualifications and yields. Exposure below reflects pillars linked to approved evidence; it is not a recommendation or a new thesis version.
Unchanged

Pillar 3

Supply discipline limits overshoot

Producers balance node transitions, capacity, and capital spending against durable demand.

Memory returns are highly sensitive to supply growth and utilization decisions.

Confirming signals

  • · Measured capex
  • · Orderly ramps
  • · Stable utilization

Disconfirming signals

  • · Concurrent expansion
  • · Aggressive bit growth
  • · Price-led share battles

Pillar 4

Technology and qualification execution differentiates winners

Yield, packaging, and customer qualification determine company-level participation.

Theme strength does not guarantee equal outcomes across producers.

Confirming signals

  • · On-time samples
  • · Mass-production ramps
  • · Yield progress

Disconfirming signals

  • · Redesigns
  • · Delayed qualifications
  • · Packaging bottlenecks

Approved evidence

What the source record says

Only administrator-approved fixture events appear here. Each factual summary retains its stored primary source and its probabilistic thesis impact.

1 approved events

Bull case

Evidence that supports the thesis

Approved company-linked events classified as supportive of the published Memory thesis.

0 events

No approved supporting evidence is currently linked to this company.

Bear case

Evidence that challenges the thesis

Approved company-linked events that pressure an assumption or raise a competitive risk.

0 events

No approved challenging evidence is currently linked to this company.

Mixed and contextual

Evidence without a one-directional read

Mixed events and neutral context remain visible instead of being forced into a bullish or bearish conclusion.

1 event

Mixed evidenceMateriality 5/5Confidence 99%

[DEMO DATA] Kioxia and Sandisk begin tenth-generation flash production

Capacity

What happened

The joint company release announces production at Kitakami Fab2 using tenth-generation 3D flash technology.

Why it matters

A technology ramp supports competitiveness while also adding a supply variable that requires demand confirmation.

Kioxia HoldingsSandiskNANDCapacity expansionProduction ramp
Kioxia and Sandisk Begin Production of 10th-Generation 3D Flash Memory Products at Kitakami Plant Fab2Kioxia CorporationPrimary

Decision points

What to watch

These fixture dates exercise the watchlist workflow. They are illustrative planning markers, not sourced company or government schedules.

  1. Illustrative date

    [DEMO DATA] Memory contract-pricing review

    Illustrative monthly review of DRAM and NAND contract-pricing evidence.

    This fixture is a demo decision point, not a sourced company or government schedule.

    Industry DataM4

  2. Illustrative date

    [DEMO DATA] Export-control policy watch

    Illustrative policy-monitoring date; not a claimed government announcement.

    This fixture is a demo decision point, not a sourced company or government schedule.

    RegulatoryM3

Primary record

Recent sources

Stored primary sources behind the approved company-linked evidence above. Source links open the original publisher record.

1 sources

Kioxia and Sandisk Begin Production of 10th-Generation 3D Flash Memory Products at Kitakami Plant Fab2Kioxia CorporationPrimary