🟢 SanDisk is trading 4% up today on strong Q3 guidance and AI-driven NAND demand

SanDisk is trading at $612.50 (+4.04%) following a Q2 earnings beat and robust Q3 guidance fueled by AI-driven NAND demand and multi-year shortage forecasts.

• The company reported Q2 revenue of $3.025B (+61.3% YoY) and projected Q3 revenue between $4.4B and $4.8B, significantly exceeding previous estimates.
• Analysts at Bernstein raised price targets to $580, while other firms have set targets ranging from $750 to $1,000 following the results.
• The stock continues its momentum after yesterday's 11.6% surge, lifting peers MU and WDC despite generally softer market trends.