SanDisk Corporation (NASDAQ: SNDK ) is one of them Best Young Stocks to Buy and Hold for 20 Years. On February 26, SanDisk Corporation (NASDAQ: SNDK ) CEO David Gockler said at the Bernstein TMT Forum that the company is pursuing long-term supply agreements with data center customers.
The strategic shift comes as the NAND flash market is undergoing some structural changes due to strong AI demand. The CEO noted that they are looking forward to establishing long-term multi-year contracts with customers to ensure predictable demand at attractive prices. The company plans to move away from the traditional quarterly pricing model.
Additionally, it expects data centers to represent the largest NAND market share in 2026, with growth forecast to grow from 20% to 60%. In this environment, Goekler noted that customers are preparing requests that extend to 2028, thus suggesting that agreements could last from one year to five years.
SanDisk Corporation (NASDAQ: SNDK ) is a semiconductor and flash storage hardware company. It specializes in NAND flash technology, designing solid-state drives and embedded storage solutions for everything from enterprise data centers and cloud service providers to mobile devices, automotive systems, and IoT applications. The company ensures high-speed data reliability in the global consumer and industrial market.
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