Sands Capital, in its latest letter to investors, noted that SanDisk Corporation (SNDK), an American provider of flash memory and and storage technology, is considered one of the critical AI bottlenecks because proxy AI systems need to access, process, and retain large amounts of context when handling more complex tasks. SanDisk Corporation (SNDK) has seen its stock price rise by 2,695.04% over the past 52 weeks, reaching a market capitalization of $176.98 billion.