Sandisk is trading 10.5% up today at $1422.89 after jointly announcing the first open standard for High Bandwidth Flash (HBF) with SK Hynix, a new memory tier aimed at alleviating AI data bottlenecks.
- The launch at the Flash Memory Summit has sparked a wave of bullish analyst calls and price target hikes for the company.
- The announcement has triggered a broader rally across memory chip stocks as the industry navigates an AI-driven memory supercycle.