Overview
- Sandisk jumped 27.56% to close at $349.63 after touching an intraday high of $352, leading the S&P 500 on Jan. 6.
- Nvidia CEO Jensen Huang told CES attendees that the AI era requires a vast, currently unserved storage market to hold working memory for models.
- Peers Western Digital, Seagate Technology, and Micron also rallied as traders rotated into memory and storage names.
- Analysts cited tight supply and rising component prices, with Korea Economic Daily reporting Samsung and SK Hynix are seeking 60% to 70% server DRAM price hikes in Q1 2026 versus Q4 2025.
- Bank of America highlighted Sandisk as a key beneficiary of AI inferencing and edge use-cases, while Sandisk introduced its Optimus SSD lineup at CES for gamers, creators, and professionals.