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Stock impact report

Sandisk's 1,600% Rally Keeps Going After ‘Unprecedented' Quarter [Yahoo! Finance Canada]

Western Digital Corporation (WDC) 
Last western digital corporation earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.wdc.com
Most Read from Bloomberg The upside is being “driven by the demand and pricing implications of an unprecedented datacenter/AI cycle,” Raymond James analyst Melissa Fairbanks wrote in a note to clients, upgrading Sandisk to outperform from market perform with a $725 price target. The stock is currently trading for more than $600. The gains come as investors shift their bets from the biggest technology companies that are pledging billions of dollars in capital expenditures to build out artificial intelligence technology to the beneficiaries of that spending. The group includes memory storage makers as well as other stocks associated with AI infrastructure. ‘Defining Moment' Sandisk's earnings guidance was “a defining moment,” Susquehanna analysts led by Mehdi Hosseini wrote in a note to clients, boosting their price target to a Street-high $1,000 from $300. “These unprecedented improvements follow the ‘nuclear winter' of 2022-2023, but it's the velocity of the recovery that sta Show less Read more
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