Overview
- SanDisk jumped roughly 27% to 28% on January 6, leading a storage rally that saw Western Digital up about 17% and Seagate gain roughly 14%.
- Nvidia highlighted a new storage platform optimized for AI inference and its CEO said AI-specific storage is a completely unserved market that could become the largest in the world.
- Industry tracker Trendforce projected first‑quarter SSD prices to rise by more than 40% quarter over quarter, with NAND contract prices up 33% to 38% on tight supply.
- Trading volume in SanDisk reached a reported 23.68 million shares, with coverage pointing to institutional repositioning and possible short covering, and some gains were later pared.
- The surge extends a powerful run since SanDisk’s February 2025 spin‑out, reported at about 871%, as fundamentals strengthen across memory and storage, including Micron’s gross margin rising to 56% from 38% year over year.