SNDK, WDC and STX Forecast – Picks and Shovels for AI in Focus

SanDisk (SNDK) Technical Analysis

SanDisk looks like it is going to pull back a bit in the early part of Wednesday trading, but quite frankly, this is a good thing considering it gained over 27% on Tuesday. Analysts at Bank of America have just raised their price target from $340 to $390, showing you just how quickly and brutally this was.

This is a situation where traders are starting to focus on memory being in short supply, especially with the AI boom. Pullbacks all the way to at least $300 will be thought of as potential buying opportunities. I really don’t see how this doesn’t eventually test $400 after this type of jump.

Western Digital (WDC) Technical Analysis

Western Digital looks like it is going to pull back as well. This is a very similar situation where we are talking about the AI infrastructure. Now that a little bit of the shine is gone from the GPUs, we start to look at other forms of hardware.

We have had a relentless move since April 2025, from roughly $23 to $219. Short-term pullbacks are not only likely, but they should offer buying opportunities for everything I can see here. The 50-day EMA is all the way down at the 163 level, so I look at that as your line in the sand, but we are so far from there that I am not even concerned about it at this point.

Seagate Technologies (STX) Technical Analysis

Seagate Technologies looks like it is going to pull back as well, but they are getting a look due to the idea of flash SSD hard drives for data centers. The cloud computing infrastructures are already having to switch over to them simply due to speed and the fact that everything is being bought up.

I look at $300 as your line in the sand here temporarily. I wouldn’t mind seeing a pullback closer to $310 and a bounce; I’d be interested in that. Again, this is something you can’t short.

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