SanDisk and Kioxia jointly announced ninth-generation high-performance 2Tb QLC 3D NAND flash technology for AI infrastructure. Following the announcement, SanDisk shares rose in the 5% range as the market watches developments ahead.
SanDisk and Kioxia jointly announced ninth-generation high-performance 2Tb QLC 3D NAND flash technology for AI infrastructure. The new technology uses CBA technology to improve bandwidth and energy efficiency, with the aim of making data processing in AI servers more efficient.
SanDisk’s share price reportedly rose 5.76% following the announcement, with the closing trading price said to have remained around the $1,344 level. Wall Street analysts remain bullish on the back of growing AI-driven demand for storage and have set an average price target of $2,181.25.
Technically, a recovery from a downtrend has been identified, with $1,400 cited as the latest resistance level and a potential turning point for the trend ahead.
In terms of market expectations, the highest price target is reported at $3,050 and the lowest at $1,300. Overall, analyst forecasts suggest the potential for SanDisk’s share price to continue tracking higher. Against the backdrop of recent price movements, expanding AI demand for data centers is attracting attention as a factor influencing the stock.