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Is Sandisk the New Nvidia?

TheMotleyFool

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Is Sandisk the New Nvidia?Photo, wide shot, wide-angle lens, Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png

Since ChatGPT's commercial launch on Nov. 30, 2022, shares of semiconductor giant Nvidia (NASDAQ: NVDA) have rocketed over 1,000%. The artificial intelligence (AI) revolution has ushered in a wave of unprecedented demand for Nvidia's graphics processing units (GPU) -- the hardware backbone on which AI models are trained.

While Nvidia remains king of the AI realm, rising infrastructure spending is becoming a major tailwind for another type of AI chip: memory and storage. Let's dig into how Sandisk (NASDAQ: SNDK) is quietly disrupting this pocket of the AI landscape and assess if the company is about to have its "Nvidia moment."

Image source: Getty Images.

Source Fool.com

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