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SanDisk shares rise 15.31% intraday after 50% NAND price hike driven by AI demand surge.
ByAinvest
Monday, Nov 10, 2025 9:32 am ET1min read
Sandisk surged 15.31% intraday following a 50% NAND price hike driven by AI-driven memory shortages, coupled with Bernstein SocGen Group raising its price target to $300 from $120 and Barclays raising its target to $220 from $39. The company’s Q1 fiscal 2026 results, which beat revenue and margin expectations, highlighted strong pricing power and demand for high-capacity SSDs in AI infrastructure. CEO David Goeckeler emphasized AI’s role in creating a "strong tailwind" for NAND demand, while Bernstein cited sustained pricing strength through Q3 2026 as a key driver. The price increase rippled through the supply chain, with manufacturers pausing shipments, reinforcing market confidence in Sandisk’s strategic positioning in the AI-driven storage boom.
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