SanDisk is trading 7.75% up now at $10.01, extending the rally sparked by its August 13 Investor Day.
- Management’s long-term model included non-GAAP gross margins of up to 80% by fiscal 2030 and nearly $94 billion in strategic NBM contracts.
- Analysts reiterated or raised bullish price targets.
- A broad memory-chip rally tied to AI-driven demand and constrained DRAM, NAND, and HBM supply also supported the move; no separate major company announcement was identified on August 17.