On May 21, SanDisk (SNDK) rose 4% in regular trading, trading at $1,458.265 USD/share, with trading volume of approximately $3.111 billion. The rebound extends a recovery following a multi-session selloff earlier this month.

On the news front, Citi analyst Atif Malik significantly raised SanDisk's target price from $1,300 to $2,025, representing an increase of over 50%, while maintaining a buy rating. The core thesis centers on a DRAM super cycle accelerating into a price elasticity release phase, driven by surging AI computing demand and persistently constrained supply. The report highlights that High Bandwidth Memory (HBM) supply remains tight with upside pricing potential through 2027, as HBM production consumes 3-4x normal DRAM wafer capacity, squeezing conventional DRAM supply and pushing prices higher.

Within the Technology Hardware, Storage and Peripherals sector, storage peers also rallied, with Seagate Technology up 6.4% and Western Digital up 4.0%, reflecting broad sector strength as the AI-driven memory super cycle narrative regains momentum following the recent correction.

(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.)