Sandisk's 'Unprecedented' Quarter Fuels 1,600% Rally, Analysts Boost Targets

• Sandisk Corp. shares surged after forecasting Q3 adjusted EPS between $12 and $14, significantly above Wall Street's $4.95 expectation.
• The digital storage company's stock is up 160% this year and 1,600% since its IPO last February, making it the top S&P 500 performer.
• Analysts attribute the rally to strong demand and pricing driven by an "unprecedented datacenter/AI cycle," with upgrades and price target boosts.
• Investors are shifting focus to beneficiaries of AI infrastructure spending, including memory storage makers, as major tech companies invest heavily.
• Despite the rally, Sandisk shares trade at a discount to the S&P 500, Nasdaq 100, and Nvidia, with analysts expecting continued growth.

Why It Matters: Sandisk's exceptional earnings outlook, driven by AI demand, is extending its massive stock rally and analyst confidence.