Movement Alert|SanDisk Corp. Rises 3.34% in Regular Trading, JPMorgan Maintains $2,250 Target Price Fueling Rebound After Prior Session 9% Plunge

Market Focus
Aug 19

On August 19, SanDisk Corp. rose 3.34% in regular trading, trading at $1,674.50/share, with turnover of $4.5 billion. The stock rebounded after plunging 9.01% in the prior session amid a broad storage sector selloff that saw the Philadelphia Semiconductor Index drop nearly 5%.

On the news front, JPMorgan maintained its Overweight rating on SanDisk Corp. with a $2,250 price target, with analysts noting that AI inference is driving structural changes in NAND demand. The firm highlighted that SanDisk Corp.'s long-term customer agreements and structured pricing mechanisms could reduce cyclical volatility. Additionally, TrendForce data showed the top five overseas NAND flash manufacturers posted a combined 77% quarter-over-quarter revenue increase in Q2, further validating industry momentum and providing support for a technical rebound from the prior session's oversold levels.

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