US Stock Movement | Sandisk continues to rise over 13%, having surged 60% this month
On Thursday, Sandisk continued to rise over 13%, having surged 60% this month, closing at $84.02. In terms of news, Sandisk recently announced a price increase of over 10% for products aimed at all channels and consumer customers. Sandisk stated that it is seeing strong demand for flash memory products, driven by the growing storage needs in artificial intelligence applications, data centers, client devices, and mobile sectors. Previously, on April 1, SanDisk also announced a 10% increase in NAND memory prices. Citigroup's report pointed out that AI is driving NAND flash demand, which may face a supply shortage by 2026, reiterating a buy rating for SanDisk
According to Zhitong Finance APP, on Thursday, Sandisk (SNDK.US) continued to rise over 13%, having surged 60% this month, closing at $84.02. In terms of news, Sandisk recently announced a price increase of over 10% for products aimed at all channels and consumer customers. Sandisk stated that it is seeing strong demand for flash memory products, driven by the growing storage needs in artificial intelligence applications, data centers, client devices, and mobile sectors. Previously, on April 1st, Sandisk also announced a 10% increase in NAND memory prices. Citigroup's report pointed out that AI-driven demand for NAND flash memory may face a supply shortage by 2026, reiterating a buy rating for SanDisk
