Sandisk Corporation remains a compelling Buy after its recent pullback, driven by structural AI-driven NAND demand, robust multi-year supply partnerships, and Nvidia RTX Spark-driven edge content growth. Its five NBMs already secure a RPO of $42 billion, covering more than one-third of anticipated FY 2027 bit demand and marking just the beginning of enhanced long-term revenue visibility. The upcoming BiCS8-based QLC SSD ramp, extended Kioxia JV, and Nanya partnership also strengthen Sandisk's supply resilience, supporting sustained mid- to high-teens bit growth alongside persistent pricing tailwinds.