Movement Alert｜SanDisk Corp. Rises 3.33% in Pre-Market Trading, JPMorgan Maintains Overweight Rating and $2,250 Target After Prior-Day 9% Selloff

Market Focus

Aug 19

On August 19, SanDisk Corp. rose 3.33% in pre-market trading to $1,684.63/share, with turnover of $250 million, rebounding after a 9.01% plunge in the prior session amid a broad storage chip selloff that sent the Philadelphia Semiconductor Index down nearly 5%.

The recovery was supported by JPMorgan maintaining its Overweight rating and $2,250 twelve-month target price on SanDisk. The firm's analyst noted that AI inference is driving structural changes in NAND demand, and that SanDisk's long-term customer agreements and structured pricing mechanisms should reduce cyclical volatility. Additionally, TrendForce data confirmed that the top five overseas NAND flash manufacturers posted combined Q2 revenue growth of 77% quarter-over-quarter, reinforcing the ongoing industry upcycle. SanDisk had previously disclosed $93.9 billion in minimum revenue commitments from eight data center clients and projected non-GAAP gross margins of approximately 80% through fiscal 2028-2030 at its recent Investor Day.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Rises 3.33% in Pre-Market Trading, JPMorgan Maintains Overweight Rating and $2,250 Target After Prior-Day 9% Selloff\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-08-19 16:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On August 19, SanDisk Corp. rose 3.33% in pre-market trading to $1,684.63/share, with turnover of $250 million, rebounding after a 9.01% plunge in the prior session amid a broad storage chip selloff that sent the Philadelphia Semiconductor Index down nearly 5%.</p><p>The recovery was supported by JPMorgan maintaining its Overweight rating and $2,250 twelve-month target price on SanDisk. 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