On September 4, SanDisk Corp. rose 3.06% in regular trading, trading at $1,624.6 per share, with turnover of $25.77 billion. The broader storage chip sector rallied in tandem, with Seagate Technology up 4.11%, Western Digital up 2.96%, and SK Hynix and Micron Technology also advancing.

On the news front, the storage industry's supply-demand tightness continues to intensify. Kioxia and SanDisk jointly announced a $31 billion (approximately 5 trillion yen) investment plan over the next six years to expand NAND production capacity in Japan. The new facilities will produce cutting-edge BiCS FLASH 3D memory targeting inference AI and edge AI applications, reinforcing the sector's long-term upcycle expectations. Bank of America previously projected that DRAM and NAND spot prices could rise another 10%-20% in September, as leading manufacturers prioritize AI customers, leaving channel supply fulfillment rates below 50%.

Institutional sentiment remains supportive. Arete Research recently raised its price target on SanDisk to $3,000, while Mizuho maintains an Outperform rating with a $1,875 target, forecasting a fivefold EPS increase through fiscal 2028.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)