BofA hosted in-person investor meetings with SanDisk (SNDK) CFO Luis Visoso and other members of the team and walked away more confident in the sustainability of NAND demand, driven by very strong demand from hyperscalers and AI inference, while noting that there were no updates to guidance. Management reiterated that the company has no plans to expand capacity beyond the already planned high teens supply growth for 2026/2027 and remains focused on driving a mix shift to cloud, adding that it expects to take share in the higher margin eSSD segment, reports the analyst, who reiterates a Buy rating and $900 price target on SanDisk shares.
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