In mid-May, a regulatory filing revealed President Donald Trump – or his managers – made thousands of stock market trades with a bet on a top artificial intelligence (AI) memory company turning into one of his savviest investments of 2026.
Specifically, the document reveals that the commander-in-chief made no fewer than six purchases of SanDisk (NASDAQ: SNDK) worth up to $245,000 between January 6 and March 25.
Notably, SNDK stock underwent the majority of its 2026 rally after March 30, meaning President Trump saw substantial returns from each batch of the shares he purchased.
The first purchase – worth up to $15,000 – was executed at the time SanDisk equity was changing hands at $349.63, and, considering it rallied 423.84% to $1,831.50 by the last close, the position could be worth up to $78,576.
Though made much later, the March 25 buy also generated impressive returns. SNDK closed at $677.86 on the day, meaning that the stake established then for up to $50,000 could have turned into $135,095.
Lastly, the biggest individual purchase featured up to $100,000 worth of SanDisk stock and was made on March 2. With the memory giant trading at $619.08 at the time, the investment could have become up to $295,840 by the evening bell on June 3.
What is next for President Trump’s SanDisk stock investment?
Looking ahead indicates that stellar results on the SNDK investment are not guaranteed for President Trump. Already at face value, the strong rally the equity enjoyed so far hints that a correction is likely during the summer.
Wall Street also appears somewhat uncertain about how high SanDisk stock could go, as, despite overall rating the equity as a ‘Strong Buy,’ the average price target is below the latest close and at $1,716.88, per the data Finbold retrieved from TipRanks on June 4.
Additionally, while the figure could be explained by the fact that the consensus expectation is reached by analyzing all notes issued within the most recent three months, the latest three ratings show the uncertainty is not merely an aberration resulting from methodology.
While Morgan Stanley (NYSE: MS), Mizuho Securities, and Susquehanna all estimated that SNDK shares are a ‘Buy’ within the latest seven days, Susquehanna was the only one not to forecast that the equity would remain essentially flat in the coming 12 months.
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