Stock Track | SanDisk Corp. Soars 8.58% Intraday on AI Storage Demand Boost from Seagate Results and Analyst Upgrades

Stock Track

Apr 29

SanDisk Corp.'s stock surged 8.58% during intraday trading on Wednesday, extending a powerful rally in the data storage sector.

The sharp gain follows strong earnings and an upbeat forecast from peer Seagate Technology, which reassured investors that enterprise spending on artificial intelligence infrastructure continues to drive robust demand for data storage. Seagate's results signaled that the AI boom is still fueling a surge in memory and storage requirements, helping memory stocks recover from a selloff triggered earlier in the week by concerns about OpenAI's growth metrics.

Analysts have highlighted an AI-driven NAND storage super cycle, with explosive demand from AI servers and workloads expected to sustain growth. The optimism was further bolstered by Melius Research initiating coverage on SanDisk with a Buy rating, arguing storage has reached "existential" importance for AI infrastructure, while Wedbush raised its price target on the company.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/1122661028"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1122661028\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1122661028?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-29 22:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1122661028","market":"nz","top_or_hot":-1,"title":"Stock Track | SanDisk Corp. Soars 8.58% Intraday on AI Storage Demand Boost from Seagate Results and Analyst Upgrades","media":"Stock Track","content":"<p>SanDisk Corp.'s stock surged 8.58% during intraday trading on Wednesday, extending a powerful rally in the data storage sector.</p><p>The sharp gain follows strong earnings and an upbeat forecast from peer Seagate Technology, which reassured investors that enterprise spending on artificial intelligence infrastructure continues to drive robust demand for data storage. Seagate's results signaled that the AI boom is still fueling a surge in memory and storage requirements, helping memory stocks recover from a selloff triggered earlier in the week by concerns about OpenAI's growth metrics.</p><p>Analysts have highlighted an AI-driven NAND storage super cycle, with explosive demand from AI servers and workloads expected to sustain growth. The optimism was further bolstered by Melius Research initiating coverage on SanDisk with a Buy rating, arguing storage has reached \"existential\" importance for AI infrastructure, while Wedbush raised its price target on the company.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | SanDisk Corp. Soars 8.58% Intraday on AI Storage Demand Boost from Seagate Results and Analyst Upgrades</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | SanDisk Corp. Soars 8.58% Intraday on AI Storage Demand Boost from Seagate Results and Analyst Upgrades\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-04-29 22:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SanDisk Corp.'s stock surged 8.58% during intraday trading on Wednesday, extending a powerful rally in the data storage sector.</p><p>The sharp gain follows strong earnings and an upbeat forecast from peer Seagate Technology, which reassured investors that enterprise spending on artificial intelligence infrastructure continues to drive robust demand for data storage. Seagate's results signaled that the AI boom is still fueling a surge in memory and storage requirements, helping memory stocks recover from a selloff triggered earlier in the week by concerns about OpenAI's growth metrics.</p><p>Analysts have highlighted an AI-driven NAND storage super cycle, with explosive demand from AI servers and workloads expected to sustain growth. The optimism was further bolstered by Melius Research initiating coverage on SanDisk with a Buy rating, arguing storage has reached \"existential\" importance for AI infrastructure, while Wedbush raised its price target on the company.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SNDK","symbol_name":"闪迪","start_time":0,"source_url":"","article_id":"1122661028","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1122661028","pubTimestamp":1777471827,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"SanDisk Corp.'s stock surged 8.58% during intraday trading on Wednesday, extending a powerful rally in the data storage sector.The sharp gain follows strong earnings and an upbeat forecast from peer...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SNDK":"闪迪"},"translate_title":"个股追踪|SanDisk Corp.盘中飙升8.58%，因希捷业绩和分析师升级提振AI存储需求","themeId":"a36ee017356ba54e40a6b0684baed6c6","isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/f544693f1dc3bc602c81cdfd4000e781","symbols_score_info":{"SNDK":1},"content_text":"SanDisk Corp.'s stock surged 8.58% during intraday trading on Wednesday, extending a powerful rally in the data storage sector.The sharp gain follows strong earnings and an upbeat forecast from peer Seagate Technology, which reassured investors that enterprise spending on artificial intelligence infrastructure continues to drive robust demand for data storage. Seagate's results signaled that the AI boom is still fueling a surge in memory and storage requirements, helping memory stocks recover from a selloff triggered earlier in the week by concerns about OpenAI's growth metrics.Analysts have highlighted an AI-driven NAND storage super cycle, with explosive demand from AI servers and workloads expected to sustain growth. The optimism was further bolstered by Melius Research initiating coverage on SanDisk with a Buy rating, arguing storage has reached \"existential\" importance for AI infrastructure, while Wedbush raised its price target on the company.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}