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SanDisk and Western Digital Jump 6% as Traders Battle Over the AI Storage Stock Melt-Up
Key takeaways
- San Disk locked in roughly $42 billion in multi-year supply contracts, while Susquehanna holds a Street-high $2,000 price target on SNDK.
- Bears cite stretched valuations and insider selling after SNDK s 12-month rip, while incoming NAND and HDD pricing data could test the rally.
- Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and SanDisk didn t make the cut.
San Disk and Western Digital Jump 6% as Traders Battle Over the AI Storage Stock Melt-Up David Moadel Fri, June 12, 2026 at 10:35 PM GMT+7 4 min read SNDK WDC NVDA Quick Read SNDK has surged 724% YTD and WDC 224%, with Friday s 6% gains extending an AI storage melt-up to record territory.
San Disk locked in roughly $42 billion in multi-year supply contracts, while Susquehanna holds a Street-high $2,000 price target on SNDK.
Bears cite stretched valuations and insider selling after SNDK s 12-month rip, while incoming NAND and HDD pricing data could test the rally.
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