Sandisk May Have Broken Memory’s Boom-Bust Cycle
JPMorgan upgrades Sandisk (SNDK) to Overweight with a $2,250 target, citing AI storage demand and $94B in long-term customer deals.
A big bank thinks Sandisk will do really well because companies need lots of storage for AI computers, and they've locked in huge customer deals for years ahead. When a company has customers committed to buying from them for a long time, it usually means the business is more stable than before.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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