Sandisk stock dips today after Nvidia CES boost; BofA lifts SNDK target to $390
Sandisk shares fell 2.9% to $339.4 Wednesday morning after surging 27% Tuesday on AI-storage enthusiasm sparked by Nvidia’s CES remarks. Bank of America raised its price target to $390, citing strong NAND demand and rising prices. Western Digital dropped 10.2% and Seagate slid 8.9%. Investors await Sandisk’s Jan. 29 earnings for pricing and capacity updates.