Israel Englander Exits Sandisk, Invests in Everpure Amid AI Storage Growth

Key Points

• Billionaire Israel Englander, CEO of Millennium Management, reduced his Sandisk holdings by 24% (selling 1.1M shares) while increasing his Everpure stake by 60% (buying 343K shares) in Q1.

• Sandisk, a NAND flash memory manufacturer pivoting to AI-driven enterprise SSDs, reported 251% revenue growth ($5.9B) but faces valuation concerns at 56x earnings.

• Everpure, specializing in all-flash storage systems with DirectFlash technology, saw 35% revenue growth ($1.1B) and is poised to capitalize on AI infrastructure demand.

Englander’s strategic shift reflects confidence in Everpure’s AI storage positioning versus Sandisk’s cyclical exposure. Sandisk’s 3,600% YoY stock surge contrasts with Everpure’s 36% gain, though its 36x earnings multiple appears more favorable. Analysts project Sandisk’s earnings to grow 25% annually through 2029, while Everpure’s 21% growth outlook offers lower-risk exposure to AI tailwinds.

Sandisk: Strategic Exit Amid Market Volatility

Sandisk’s transition to enterprise SSDs for AI infrastructure highlights its core strength, but its smaller scale compared to Samsung and SK Hynix limits pricing power despite Kioxia joint-venture cost efficiencies. CEO David Goeckeler emphasizes NAND’s critical role in AI inference scalability, yet Wall Street anticipates a 2028 sales downturn. Englander’s sale aligns with concerns over Sandisk’s premium valuation.

Everpure: Strategic Acquisition for AI Storage Demand

Everpure’s DirectFlash tech eliminates storage bottlenecks by managing flash memory directly via software, a competitive edge recognized by Gartner. With 62% net income growth ($0.47 per share) and CEO Charlie Giancarlo citing AI-driven demand for FlashBlade systems, the stock’s 36x P/E multiple seems justified. Wall Street estimates 21% annual earnings growth through 2028, making it a compelling AI play.

Image source: Getty Images.

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