On August 19, SanDisk Corp. rose 3.33% in pre-market trading to $1,684.63/share, with turnover of $250 million, rebounding after a 9.01% plunge in the prior session amid a broad storage chip selloff that sent the Philadelphia Semiconductor Index down nearly 5%.

The recovery was supported by JPMorgan maintaining its Overweight rating and $2,250 twelve-month target price on SanDisk. The firm's analyst noted that AI inference is driving structural changes in NAND demand, and that SanDisk's long-term customer agreements and structured pricing mechanisms should reduce cyclical volatility. Additionally, TrendForce data confirmed that the top five overseas NAND flash manufacturers posted combined Q2 revenue growth of 77% quarter-over-quarter, reinforcing the ongoing industry upcycle. SanDisk had previously disclosed $93.9 billion in minimum revenue commitments from eight data center clients and projected non-GAAP gross margins of approximately 80% through fiscal 2028-2030 at its recent Investor Day.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)