TradingKey – SanDisk stock price surges past the $1,700 mark as memory bulls step up their rally, with expectations of hitting new highs within the year.

On August 17 ET, SanDisk (SNDK) stock extended its rally, strongly breaching the $1,700 mark. In overnight trading, SanDisk shares jumped over 6%, rising above $1,740 to set a new one-month high.

Meanwhile, memory chipmakers such as Samsung Electronics (KRX:005930), SK Hynix (KRX:000660), and Kioxia (TSE:285A) all saw sharp gains during Asian trading hours, while Changxin Technology (688825) stock surged 10% to a record high, releasing a strong bullish signal. However, can this memory frenzy propel SNDK to a new all-time high?

Last Thursday (August 13), at its Investor Day, SanDisk not…