TradingKey – SanDisk Corporation (NASDAQ: SNDK) closed at $1,887.04 on Tuesday, a 6.82% gain, after Rosenblatt Securities initiated coverage with a price target of $2,400 and a buy rating. Investors have bid up SanDisk’s stock this year on the trend of artificial intelligence (AI) and the need for higher density non-volatile memory (NAND) flash storage, which SanDisk has a substantial amount of exposure to. The concern is where SanDisk will be in two to three years when we expect the memory industry to be significantly less profitable.
Rosenblatt Says AI Is Changing NAND Economics
Rosenblatt’s Cassidy says the industry is beginning to view NAND as more of a system-on-a-chip component as opposed to a simple commodity, due to increasing…
