On May 26, SanDisk (SNDK) rose 4.11% in regular trading, trading at $1,533.46 USD/share, with trading volume of approximately $12.87 billion. The rally extends a recovery pattern driven by multiple bullish catalysts centered on the AI storage super cycle thesis.

On the news front, Citi recently raised its target price on SanDisk from $1,300 to $2,025, maintaining a Buy rating — representing over 50% upside from the upgrade date. The core thesis reframes SanDisk from a cyclical peak trade into a contractual NAND supply rights framework. Citi forecasts NAND average selling prices to surge 186% year-over-year in 2026, with enterprise SSD prices rising approximately 265%, driven by generative AI training, inference, and data center expansion.

Additionally, SanDisk CEO David Goeckeler stated at a JPMorgan conference that the NAND flash market will remain undersupplied for an extended period, as the company shifts toward multi-year agreements with price floors and financial safeguards to stabilize earnings volatility. Within the Technology Hardware, Storage & Peripherals sector, Western Digital rose 3.83% and Dell Technologies gained 3.03%.

(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.)