- SanDisk rose 11.9% to $1,740 on September 4 as Nvidia's Hugging Face acquisition and Dell's NAND-scarcity warning renewed investor focus on AI-driven memory demand.
- The move spread to Micron, separating memory stocks from a largely flat broader market and reinforcing the market view that enterprise SSD and NAND supply remain constrained as hyperscaler capex accelerates.
- Analyst sentiment remains positive, with 16 buys and a $2,125 mean target among 25 analysts covering SanDisk as of September 4.
Quotes
“The constraints remain the same. DRAM, DRAM, followed by NAND, NAND”
“the AI supply chain is working red line all out.”