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SanDisk shares push above $1,800 as AI boosts NAND demand story
MarketBeat Ratings links the move to AI-driven hyperscaler demand for high-bandwidth storage, and notes Rosenblatt Securities initiated coverage with a $2,400 price target.
Sandisk’s stock climbed past the $1,800 threshold, a move MarketBeat Ratings frames as a shift in how investors value memory hardware as artificial intelligence increases demand for high-bandwidth NAND flash.
The outlet says hyperscaler requirements for AI cluster hardware have turned enterprise solid-state drives into a key bottleneck for data center buildouts, giving top-tier memory suppliers more pricing power than in previous cycles.
MarketBeat Ratings also points to a valuation reset narrative, arguing that AI workloads can decouple NAND flash from legacy boom-and-bust dynamics tied to consumer and PC upgrade cycles.
The piece cites financial strength metrics, including net margins near 56% and return on equity approaching 88%, and notes Rosenblatt Securities initiated coverage with a $2,400 price target.