SanDisk shares surged over 25% after rebranding its solid-state drive lineup as “SanDisk Optimus™.” SNDK stock now trades over 10x higher than its 52-week low. Industry experts predict a NAND supply shortage, with NAND flash prices expected to rise by up to 38% in Q1. SanDisk’s earnings report on Jan. 29 may push the stock to new highs. Despite positive growth and technical indicators, analysts warn of a potential correction, with a price target suggesting a 22% downside from current levels.

Read more at Yahoo Finance: SanDisk Stock Just Became Overbought After 20% Surge in SNDK. How Should You Play the Top S&P 500 Name Here?