Overview
- Shares surged from the low $200s to roughly $370–$380 over the past month, with single-day gains topping 20%, according to Forbes.
- Jensen Huang’s CES remark calling memory and storage the “largest unserved market” in AI triggered a one-day spike of about 28% in SanDisk.
- Industry trackers report a NAND upcycle, with enterprise SSD prices up roughly 30%–40% quarter over quarter and TrendForce expecting at least a 40% QoQ jump in Q1 2026.
- Following its 2025 spin-off and S&P 500 inclusion, index and ETF buying added mechanical demand, and the stock is up about 59% so far in 2026, Yahoo Finance reports.
- Analysts note momentum trading and retail/quant participation have intensified moves, even as margins remain slim and the memory market’s cyclicality poses downside risk.