๐ SanDisk $SNDK +9% today, up 35% in a week โ AI storage re-rating in full swing
SanDisk (SNDK) surged ~9% Monday to around $1,641, extending a jaw-dropping 35% five-session rally since its Aug 13 Investor Day. JPMorgan restarted coverage with an Overweight rating and a $2,250 price target, cementing the view that SNDK is now an AI infrastructure play โ not just a cyclical NAND maker. Management guided for mid-to-high-teens revenue growth and 50%+ free cash flow margins by 2028-30. Not financial advice. Is $SNDK the AI storage trade nobody saw coming?
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