Group 1 - The core viewpoint of the article highlights a collective rise in U.S. storage stocks, with SanDisk (SNDK.US) increasing nearly 13%, Western Digital (WDC.US) and Micron Technology (MU.US) rising over 6%, and Seagate Technology (STX.US) up over 4% [1] - Bank of America has strengthened its bullish stance on SanDisk following an investor meeting with CEO David Goeckler and CFO Luis Visoso [1] - Analyst Wamsi Mohan cites several factors contributing to the bullish sentiment, including expected NAND flash market supply shortages until at least the end of 2026, strong demand driven by data centers and artificial intelligence (AI), low NAND industry inventory levels, SanDisk's expansion of enterprise solid-state drive (eSSD) capacity, transition to BiCS8 process node, and increasing visibility of customer demand [1] Group 2 - Mohan reiterated a "buy" rating for SanDisk and raised the target price from $270 to $300 [1]

Core Viewpoint - Despite a significant drop in stock price, Bank of America remains bullish on SanDisk due to strong demand and supply dynamics in the NAND flash memory market [1][2] Group 1: Market Dynamics - The NAND flash memory market is expected to experience a supply shortage at least until the end of 2026 [1] - Strong growth in demand driven by data centers and artificial intelligence (AI) [1] - NAND industry inventory levels are currently low [1] Group 2: Company Strategy - SanDisk is expanding its enterprise solid-state drive (eSSD) production capacity, which is expected to enhance market share [1] - The company is transitioning to the BiCS8 process node, indicating a focus on technological advancement [1] - Management is negotiating long-term supply contracts and pricing structures with customers, reflecting a proactive approach to demand forecasting [2] Group 3: Analyst Insights - Analyst Wamsi Mohan has reiterated a "buy" rating for SanDisk and raised the target price from $270 to $300 [1] - The company is closely monitoring potential over-ordering risks by comparing historical order patterns [2] - CEO David Goeckler aims to enhance investment returns in the NAND industry through careful capacity planning [2]