$SanDisk Corp.(SNDK)$ Will it hit over $2000 soon again? The latest move is largely driven by its Aug. 13 Investor Day, where management gave a much more bullish long-term outlook.

What triggered the latest SNDK surge?

–2030 — a major change in how investors view SanDisk.* Mid-to-high teens annual revenue growth through FY2028–2030 — a major change in how investors view SanDisk.

* ~80% gross margin and ~75% operating margin targeted for FY2028–2030. That’s extremely bullish for a NAND company.

* $93.9B of New Business Model (NBM) agreements with eight customers, including three large U.S. hyperscalers. These multi-year agreements make NAND demand much more predictable and reduce the traditional boom/bust nature of the memory business.

* AI data-center demand: NAND is increasingly being used for AI infrastructure, including high-capacity enterprise SSDs and potentially high-bandwidth flash (HBF) for AI inference/KV-cache workloads. Google and Meta are reportedly supporting the HBF direction.

* Analysts have responded aggressively. J.P. Morgan initiated Overweight with a $2,250 target, while Evercore maintained an Outperform with a $2,800 target.

The really interesting part

SNDK had previously fallen more than 50% from its June high, so this isn’t simply a stock that kept going straight up. The latest rebound is investors saying:

“Maybe the June valuation wasn’t completely crazy after all.”

It has now rebounded roughly 60%+ from the recent low, with the stock up around 35% in the past week.