Sandisk SNDK remained in focus after Susquehanna lowered its price target to $3,050 from $3,250 while reaffirming a Positive rating.

The brokerage said the revised target followed updates to its financial model after identifying inaccuracies in its earlier revenue and earnings estimates. Susquehanna maintained its constructive outlook ahead of Sandisk’s fiscal fourth-quarter earnings report on Aug. 5 and its Analyst Day on Aug. 13.

The firm said investors are expected to closely monitor how artificial intelligence infrastructure shapes memory demand. Key topics include the balance between dynamic random-access memory and solid-state drives in AI inference, along with the impact of key-value cache offloading, a technique that shifts AI…