On July 21, SanDisk rose 8.68% in regular trading, trading at $1,511.84/share, with turnover of $1.969 billion. The stock led a broad rally across the memory chip sector following significant institutional endorsements.

On the news front, Morgan Stanley identified the recent storage stock selloff as a compelling buying opportunity, estimating that Q3 data center memory prices rose at least 25% quarter-over-quarter, exceeding prior forecasts. The firm noted that memory is increasingly becoming a primary bottleneck in AI infrastructure buildout, a structural constraint expected to persist for years. Morgan Stanley argued that storage stocks' risk-reward profile is rapidly catching up to previously favored names like NVIDIA and Broadcom.

Meanwhile, UBS indicated that the momentum stock selloff is nearing its end, recommending investors gradually rebuild AI and semiconductor positions. Multiple Wall Street firms raised SanDisk target prices, with Goldman Sachs at $2,200 and Evercore ISI at $3,100, broadly expressing optimism ahead of the fiscal quarter earnings expected in early August. SK Hynix's chairman projected AI semiconductor demand to grow 60-100% year-over-year next year, with minimal capacity expansion planned industry-wide.

(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.)