On June 8, SanDisk rose 4.08% overnight, trading at $1,626.99/share, with trading volume of $79.62 million.

On the news front, the storage sector staged a sharp oversold rebound following two consecutive days of heavy selling triggered by Broadcom's third fiscal quarter AI chip revenue guidance of approximately $16 billion, which significantly missed analyst expectations of $17.2 billion. SanDisk had previously dropped over 7% during the selloff. Wall Street analysts subsequently stated that the market reaction was a misjudgment and that Broadcom's true growth potential would be fully realized in subsequent quarters.

Additionally, Morgan Stanley recently raised its target price on SanDisk from $1,100 to $1,750, maintaining an Outperform rating. The broader storage sector recovered in tandem, with Western Digital up 5.28% and Seagate Technology up 2.89%, reflecting clear oversold repair sentiment across the group.

(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.)