SanDisk is capitalizing on a structural NAND flash shortage driven by AI demand, reporting a 61% year-over-year revenue surge to $3.03 billion. Following these results, Bernstein analyst Mark Newman issued a Street-high price target of $1,000, identifying the company as a critical leader in AI storage.
- Management issued aggressive Q3 revenue guidance of up to $4.8 billion, supported by the strategic ramp-up of BiCS8 technology.
- Despite a 2.18% pre-market dip to $612.93 on February 17, investor sentiment remains bullish amid an ongoing memory super-cycle.