Key Points Shares rose as much as 15.7% on Monday. A wave of bullish analyst calls last week helped fuel AI-storage optimism. Industry pricing power is improving as storage suppliers push through price hikes, bolstering margin hopes. 10 stocks we like better than Sandisk › Shares of Sandisk (NASDAQ: SNDK) jumped as much as 15.7% on Monday. There was no company-specific announcement driving the move. Instead, enthusiasm appears to be compounding; investors are increasingly treating the stock as a ...

Micron Technology, Inc. (NASDAQ:MU) is one of the AI Stocks in the Spotlight This Week. On September 24, BofA Securities analyst Vivek Arya raised the price target on the stock to $180.00 (from $140.00) while maintaining a Neutral rating following the earnings print. In a research note, the analysts told investors that Micron is benefiting from the “dual drivers” of surging artificial intelligence demand and tight supply discipline in the memory industry. Traditional server CPU sales are also witnessing ...

Core Viewpoint - Western Digital's shares have reached an all-time high following a price target increase from a benchmark, indicating strong market performance and investor confidence [1][5]. Company Performance - Western Digital's stock has surged over 125% year-to-date and is up more than 250% from its lows in April [1]. - The company is part of a strong memory and storage sector, alongside Seagate and Toshiba, which are also performing well [2][4]. Market Analysis - The tech sector shows a mix of significant winners and losers, with Western Digital and Seagate identified as clear winners in the memory and storage space [2][3]. - The overall tech sector has increased by approximately 24% over the past year, contrasting with declines in software and semiconductor segments [3]. Analyst Insights - Analysts have raised price targets for Western Digital, with the benchmark increasing its target to $115 from $85 while maintaining a buy rating [5]. - Other financial institutions, including Barclays, Citigroup, and Morgan Stanley, have also raised their price targets earlier this month [5]. Future Projections - Global hard drive shipments are projected to reach about 1,600 exabytes by 2025, highlighting the growing demand for data storage [6]. - The expected range for Western Digital's stock price in the near term is between $97 and $107, based on options activity [10]. Options Activity - The highest concentration of open interest for upcoming options expiration is in the 96 and 100 strike calls, with notable put activity at the 90 strike [11]. - A significant bearish trade was observed with 2,200 January 16th 80 strike puts and 2,500 October 3rd 95 strike puts, indicating some market participants are hedging against potential declines [14][15].