Sandisk stock surges over 580 percent in early year trading

Sandisk has become the top-performing stock in the S&P 500 so far this year, rising around 585 percent. The stock closed at $1,641 on May 28.

The rise is connected to growing demand for memory chips. Sandisk and Micron both make chips that data centers use to store and process information. Data centers are expanding quickly because companies are building infrastructure to support artificial intelligence.

Some investors are now asking if they missed their chance to profit from chip stocks. Analysts have pointed to other companies in the same sector, including Micron Technology, Nvidia, Western Digital, and Seagate Technology, as stocks that could still be worth considering.