NVIDIA CorporationNVDA
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Impact on stocks 2
Artificial Intelligence
NVIDIA CorporationSemiconductors
Sandisk CorpSNDK
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Melius Analyst Says SanDisk Could Buy Back $100 Billion in Stock
Analyst
Melius Research analyst Ben Reitzes raised his SanDisk price target to $3,600, arguing the memory maker could return $100 billion to shareholders via buybacks over three years. SanDisk's 8 hyperscaler contracts guarantee $93.9 billion in minimum revenue over 4-plus years, signaling memory is shedding its commodity discount. With $11.5 billion in fiscal 2026 free cash flow and $15.5 billion in buyback authorization, SanDisk's $100 billion repurchase math is credible. SanDisk generated $11.43 billion in net income in fiscal 2026 with a negligible debt-to-equity ratio and no term loan B. The stock currently trades around $1,613.45 with a market cap near $238 billion and a trailing P/E of roughly 21x.
NVIDIA CorporationSandisk Corp