AI Reshapes NAND Value! Rosenblatt Initiates SanDisk (SNDK.US) with "Buy" Rating, $2,400 Price Target

Zhitong Finance APP has learned that investment bank Rosenblatt Securities has initiated coverage on storage chip manufacturer SanDisk (SNDK.US), assigning a "Buy" rating with a target price of $2,400. Analyst Kevin Cassidy wrote in a note to clients: "New AI computing platforms are creating an opportunity to reposition NAND flash from a commoditized storage medium into a more critical component of AI infrastructure. Historically, NAND demand in consumer electronics, PCs, and smartphones has been primarily driven by increases in storage density and declines in cost per bit."