Why Sandisk Stock Soared on Monday

Shares of Sandisk surged as much as 15.7% on Monday, driven not by company-specific news but by compounding investor enthusiasm. The stock is increasingly viewed as an artificial intelligence hardware play, with Wall Street analysts reinforcing this narrative through upgraded ratings and higher price targets. The company is positioned as a key beneficiary of soaring storage demands tied to data-heavy AI workloads.

Reports indicate major brokerages anticipate an extended upward cycle for memory and storage demand, fueled by AI infrastructure needs. This trend points to firmer pricing and a richer product mix as cloud providers prioritize ultra-high-capacity drives. Industry-wide price hikes, including Sandisk's recent NAND flash increases, suggest strengthening demand and renewed pricing power in a historically volatile sector.