Overview
- SanDisk jumped 27.56% to close at $349.63 after touching an intraday high of $352, topping the S&P 500’s gainers on Tuesday.
- Western Digital rose 16.8%, Seagate gained nearly 14%, and Micron advanced about 10% as storage and memory names rallied in tandem.
- Analysts cited tight supply and rising prices as support for the move, with reports of proposed 60%–70% server DRAM hikes and a projected 30%–35% rise in NAND prices in the first quarter of 2026.
- The surge extends SanDisk’s powerful run to roughly 1,050%–1,150% since its April 2025 low and more than 40% in the year’s first three sessions.
- Recent results showed $2.3 billion in quarterly revenue, up 23% year over year, and $1.22 in EPS, alongside a CES debut of the Optimus SSD lineup for gaming and creator workloads.