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MILPITAS, Calif. - Sandisk Corporation (NASDAQ:SNDK), a $6.25 billion market cap memory technology company with annual revenues of $7.2 billion, announced Thursday the formation of a Technical Advisory Board to guide the development of its High Bandwidth Flash (HBF) memory technology, appointing Professor David Patterson and Raja Koduri as inaugural members. According to InvestingPro analysis, the company’s stock is currently undervalued based on its proprietary Fair Value model.
Patterson, a Turing Award winner and professor emeritus at UC Berkeley, will lead the board. He is known for co-developing Reduced Instruction Set Computing (RISC) and contributing to the development of RAID storage technology.
Koduri, founder/CEO of Oxmiq Labs and former senior executive at both AMD and Intel, brings extensive graphics architecture experience to the advisory board. He previously led development of several GPU architectures at AMD and Intel.
According to the company’s press release, HBF is designed to complement High Bandwidth Memory for AI inference workloads, offering comparable bandwidth while delivering up to eight times the capacity at a similar cost. The technology leverages Sandisk’s BiCS technology and CBA wafer bonding.
"HBF shows the promise of playing an important role in datacenter AI by delivering unprecedented memory capacity at high bandwidth, enabling inference workloads to scale far beyond today’s constraints," Patterson said in the statement.
Alper Ilkbahar, Executive Vice President and Chief Technology Officer at Sandisk, stated that the advisors’ expertise will help shape HBF as a future memory standard for the AI industry.
The company introduced HBF at its recent investor day event and indicated it developed the architecture over the past year with input from AI industry players.
In other recent news, SanDisk has seen a series of positive analyst actions, highlighting its potential in the evolving NAND memory market. Benchmark raised its price target for SanDisk to $62 from $58, maintaining a Buy rating and citing increased demand driven by artificial intelligence and data center growth. Mizuho also increased its price target to $57, reflecting an improved valuation based on fiscal 2026 earnings estimates. Goldman Sachs initiated coverage with a Buy rating and a $55 price target, emphasizing the improved fundamentals in the NAND market due to more prudent supply-side decisions by manufacturers. Jefferies joined the positive sentiment, initiating coverage with a Buy rating and a $60 price target, based on potential market share gains and future earnings projections. Additionally, Citi began coverage with a Buy rating and a $57 price target, noting expected improvements in NAND market conditions and favorable pricing trends. These developments underscore a growing confidence among analysts in SanDisk’s prospects amid a shifting market landscape.
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