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SanDisk Corp (NASDAQ:SNDK) shares are climbing Wednesday. The stock rose as the broader market recovers. This follows a volatile period for the memory sector.
Sector Rebound Following TurboQuant Panic
The memory industry recently faced a sharp selloff. Investors worried about Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) and its new TurboQuant tool. The AI algorithm reportedly cuts memory requirements by six times. This development initially rattled the 2026 AI trade.
Analysts Dismiss Demand Destruction Fears
Market experts are pushing back against bearish sentiment. Bank of America Securities analyst Vivek Arya maintained a $500 price target on peer Micron Technology Inc.
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