On September 17, SanDisk Corp. rose 3.03% in pre-market trading, trading at $1,567.64/share, with turnover of $196 million, extending the prior session's storage sector rebound.

On the news front, Citi released a report projecting that global memory capital expenditure will surge 46.5% year-over-year to $80.4 billion in 2027, driven by AI continuous learning and inference workloads that are structurally expanding demand for HBM, server DRAM, and enterprise SSDs. Citi warned that supply constraints — stemming from HBM capacity displacement and slower technology migration — mean that even massive investment may fail to close the supply-demand gap, with shortages potentially persisting through 2031. The firm named SanDisk Corp. among its top picks in the storage space.

Additionally, S&P Dow Jones Indices previously announced that SanDisk Corp. will be added to the S&P 100 Index effective September 21, fueling expectations of passive fund inflows. The broader storage sector rallied in the prior session, with Western Digital up 3.72% and SK Hynix up 2.69%, providing a supportive backdrop.

(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.)