Sandisk is trading at $1805.66, up 10.03%, after its August 13 Investor Day outlined mid-to-high-teens revenue growth, approximately 80% gross margins, and roughly 50% free-cash-flow margins through fiscal 2030.
- JPMorgan’s Overweight rating and $2,250 price target reinforced bullish sentiment; renewed commentary about memory bottlenecks in AI infrastructure is lifting the broader memory sector.
- The move follows gains of 7.39% on August 14 and 13.67% on August 13, signaling strong momentum.
- The broad market is nearly flat, so company outlook and sector demand are the primary drivers.