SanDisk (SNDK) Stock Soars on Morgan Stanley Upgrade and AI Memory Shortage Hype – Full Breakdown for November 24, 2025
SanDisk shares jumped 12–13% to around $227 on Monday after Morgan Stanley raised its price target to $273, citing intensifying memory shortages. The stock opened near $206 and hit an intraday high above $228, with trading volume far above average. SanDisk’s market cap stands near $33 billion. The company was spun out of Western Digital in February and has surged on AI and data-center demand.