SanDisk (SNDK) stock surged 27.6% on Tuesday, fueled by enthusiasm for the AI storage market. The rally followed comments made by Nvidia’s CEO at the CES technology conference, who highlighted AI storage as a significant unserved market.
Following the massive gain, Bank of America raised its price target on SNDK to $390 from $300 on January 7, 2026. The firm simultaneously reiterated its "buy" rating.
The stock saw a minor decline of 1.4% in pre-market trading on Wednesday. Separately, SanDisk announced a major rebranding of its internal solid-state drive (SSD) portfolio at CES.
The company consolidates its WD Blue and WD Black product lines under the new SANDISK Optimus™ brand name. This new family segments into three performance tiers: Optimus™, Optimus™ GX, and Optimus™ GX PRO, aimed at creators, gamers, and professionals, respectively.