JPMorgan upgraded SanDisk (SNDK) to overweight from neutral and set a $2,250 price target, implying about 47% upside from Thursday's close, CNBC reported on Aug. 14. SanDisk shares have already risen 544% this year. JPMorgan analyst Harlan Sur said fast growth in AI inference (running trained models) is creating a structural inflection point in demand for NAND flash memory (a data storage chip), leaving SanDisk in a relatively distinctive position to benefit. The bank said accelerating AI applications have increased storage demand and tightened supply. At its New York investor day, SanDisk said it would adopt new business models including a structured pricing mechanism and prepayment agreements with large customers. JPMorgan said that framework could lift margins and reduce the company's cyclicality. SanDisk has signed eight related long-term agreements, with total contract value of about $94 billion based on floor pricing and a weighted average term of more than four years. LSEG data showed that of 25 analysts covering SanDisk, 22 rate the stock buy or strong buy, while three rate it hold.