Why Sandisk Stock Bounced Back Today

Sandisk stock jumped 3.8% after UBS analyst Nicolas Gaudois issued a bullish forecast for DRAM memory prices, predicting a 32% sequential price jump in Q3 2026. While Sandisk makes NAND memory rather than DRAM, investors believe its high-bandwidth flash (HBF) NAND could serve as an alternative to DRAM as supply deficits persist until at least mid-2028. However, the article questions whether Sandisk's 60x P/E ratio—three times that of Micron—justifies the optimism.