Quick Read – SanDisk (SNDK) stock jumped 7% with help from a Micron Technology (MU) stock rally as the NAND pure-play benefits from AI datacenter demand. – SanDisk has logged 4,155% in share-price gains over one year; zero debt and authorized buybacks provide flexibility but…
luations demand conservative position-sizing. – Western Digital (WDC) stock rose 9% as AI workloads drive persistent storage demand on cost-efficient HDDs; Q3 showed 50%+ non-GAAP gross margin with the dividend raised 20%. – Shares of Micron Technology (NASDAQ:MU) are leading the memory complex sharply higher in midday trading, rallying 16% on the session after UBS analyst Timothy Arcuri delivered one of the most aggressive sell-side revisions of the AI cycle. The move has rippled across the sector as investors reprice every name tied to memory and storage
SanDisk (NASDAQ:SNDK) shares are up 7% and Western Digital (NASDAQ:WDC) shares are up 9% midday. The trio represents the three pillars of AI-era storage: DRAM and HBM at Micron, NAND flash at SanDisk, and high-capacity HDDs at Western Digital. UBS’s Massive Micron Upgrade Sets the Tone UBS lifted its Micron price target from $535 to $1,625, arguing that long-term memory supply agreements will lock in pricing and demand visibility across the industry.
The firm expects EPS to exceed $100 at least until 2029, reframing Micron from cyclical commodity producer to durable AI infrastructure play. Arcuri wrote: “We believe the market will start to put a more ‘normal’ multiple on the stock, and MU will continue to re-rate higher as more details emerge about the structural changes AI has driven to the entire memory complex.” Sell-side coverage already skews positive, with 39 of 44 firms rating MU stock Buy or higher, four Hold, and one Sell. Micron’s most recent quarter, detailed in its SEC filings, delivered revenue of $13.64 billion, up 57% year over year (YoY), with Cloud Memory Business Unit revenue of $5.28 billion nearly doubling.