SanDisk (NASDAQ:SNDK) and Western Digital (NASDAQ:WDC) have seen explosive growth over the past year. The cause is pretty obvious: data centers. They require massive amounts of storage hardware, and both of these companies produce plenty. Unfortunately, all that production is not enough to meet demand.
SNDK stock is up over 1,250% over the past year, whereas WDC stock is up by over 400%. Their stock prices have gone up much faster than earnings. However, is this explosive demand here to stay, and does it justify how much you’re paying for both of these stocks?
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