TradingKey – Rosenblatt Securities initiated coverage on SanDisk (SNDK) with a “Buy” rating and set a price target of $2,400. Driven by this, SanDisk closed up about 6.8% on Tuesday at $1,887.04.

Cassidy believes that the development of artificial intelligence is altering the demand structure for traditional NAND flash memory. In the past, NAND primarily served PCs, smartphones, and consumer electronics, with industry competition focusing more on increasing storage density and lowering unit costs. However, as AI models expand in scale and the volume of data generated by inference tasks grows continuously, data center requirements for storage products are shifting, with the importance of performance, capacity, durability, and supply…