We recently published Millionaire Makers: 10 Stocks That Paid Big Last Week Sandisk Corporation (NASDAQ: SNDK ) was one of the top performers last week.

Sandisk capped a 21.6 percent weekly gain as investors gobbled up shares after it reported a 672 percent expansion in net income and delivered a 183 percent increase in revenue in the third quarter of the year.

In an updated report, Sandisk Corporation (NASDAQ: SNDK ) said net profit rose to $803 million from just $104 million in the same period last year, while operating income rose 446 percent to $1.065 billion from $195 million.

Photo from Sandisk website

On the other hand, revenue rose 61 percent to $3.025 billion from $1.876 billion, with the largest share coming from the Edge segment at $1.678 billion, followed by Consumer at $907 million and Data Center at $440 million.

Data center revenue alone was driven by strong adoption among AI infrastructure developers, semi-custom customers and technology companies deploying AI at scale.

For the third quarter of the year, revenue is on target for a range of $4.4 billion to $4.8 billion, or an implied expansion of 159% to 183% from the $1.695 billion reported in the same period last year. Gross margins are expected to be 64.9% to 66.9%.

While we recognize SNDK’s potential as an investment, our conviction lies in the belief that some AI stocks are more promising to deliver higher returns and have limited downside risk. If you’re looking for an extremely cheap AI stock that’s also a big beneficiary of Trump’s tariffs and onshoring, check out our free report on the best short term AI stock.

READ THE FOLLOWING: 30 stocks that should double in 3 years i 11 Hidden AI Stocks to Buy Right Now.

Disclosure: no. This article is originally published in Monkey Insider.