Sandisk Corporation (NASDAQ:SNDK) stock climbed over 10% in Tuesday’s session as bullish analyst commentary and a broader rally in technology stocks fueled buying in the memory-chip maker.

Nasdaq futures rose 1.30%, while S&P 500 futures gained 0.39%, supporting risk appetite across the technology sector.

Morgan Stanley Sees Memory Cycle Strengthening

Morgan Stanley analyst Joseph Moore said the recent pullback in U.S. memory stocks presents an attractive buying opportunity. He cited persistent data center memory shortages and forecast memory prices will rise at least 25% from the second quarter to the third quarter of 2026.

Moore said the current memory cycle remains driven almost entirely by data center demand, while weaker consumer…