US Stock Market Move | Sandisk (SNDK.US) continues to surge over 13%, with a 60% surge within the month.

On Thursday, Sandisk (SNDK.US) continued to rise by over 13%, with a 60% surge for the month, reaching $84.02. In terms of news, Sandisk recently announced a price hike of over 10% for its products aimed at all channels and consumer customers. Sandisk stated that it is seeing strong demand for flash memory products, driven by the increasing storage needs in artificial intelligence applications, data centers, client, and mobile fields. Earlier on April 1st, Sandisk also announced a 10% increase in NAND memory. A report from Citigroup points out that the demand for NAND flash memory driven by AI may face a supply shortage by 2026, reiterating a buy rating for SanDisk.