AI NAND supply crunch and analyst upgrades propel Sandisk
AI NAND supply crunch and analyst upgrades propel Sandisk 5% gain
- Supply crunch intensifies as chipmakers redirect NAND/DRAM production to AI infrastructure amid hyperscaler data center spending by Alphabet, Microsoft, Meta, Amazon (Benzinga).
- Apple CEO Tim Cook confirmed structural memory shortages in June 18 WSJ interview, calling it a "100-year flood" forcing unavoidable price hikes.
- BofA raised PT to $2,100 (from $1,550) citing pricing power, multi-year contracts; other firms like Mizuho ($2,200), Cantor ($2,900), Susquehanna ($3,250) also hiked targets.
- SNDK up ~4.6-5.1% in premarket trading on June 22 to new 52-week highs near $2,285, extending massive 2026 rally over 700% YTD on AI storage demand.
- June 22 Western Digital share swap for remaining SNDK stake viewed as non-event or minor overhang by analysts, not primary driver.
- Stock benefits from sector momentum in memory plays tied to AI inferencing and enterprise SSD demand outpacing supply.
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