Sandisk Corporation (NASDAQ:SNDK) was among Jim Cramer’s stock calls on Mad Money, as he advised investors to stick with the largest tech companies in the market.
Cramer highlighted how the company’s rally got triggered
He remarked: Now, today was one of those days where the complex of Micron, Seagate, Lumentum, Corning, Western Digital, and Sandisk all took off, and they’re all at the top of the S&P 500 leaderboard. These are all companies that make products where there’s intense demand right now, mostly from the data center, and there’s not enough supply. This rally got triggered by an analyst who raised his price target for Sandisk from $1,200 to $2,000.
Where was that guy? Was he like hiking in the Andes for a while? I don’t know.