In a surprising move, the Trump administration hinted at a softer approach to trade with China, leading to a surge in investor confidence. Shares of Sandisk (NASDAQ: SNDK) jumped by over 15% following this news and two analyst price-target increases. President Trump reassured the public on Truth Social about the U.S.’s relationship with China, stating that he aims to help, not hurt, the country. Sandisk has ties to China through both imports and a manufacturing plant. Analysts from Wells Fargo and Citigroup raised their price targets on Sandisk stock, indicating strong confidence in the company’s future performance.

Read more at Nasdaq: Why Sandisk Stock Blasted 15% Higher Today