SanDisk Pops 4% as AI Demand and NAND Price Tailwinds Keep the Memory Chip Sector Hot
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SanDisk shares rose 4% in early trading, driven by strong demand for NAND flash storage from AI data centers. The company's stock has surged over 2,300% in the past year, fueled by its position as a primary supplier of enterprise SSDs and a favorable pricing environment.
SanDisk shares are up 4% after a 9.86% gain yesterday. The company's datacenter segment generated $440 million in revenue in Q2 FY2026, up 76% year over year. A 10% NAND flash memory price hike has demonstrated real pricing power. SanDisk has also made strategic moves, including a $1 billion investment in Nanya Technology and a partnership with SK Hynix. The company's Q3 FY2026 guidance reinforced momentum, with revenue expected to be $4.4 billion to $4.8 billion. SanDisk's stock has surged over 2,300% in the past year, driven by strong demand from AI data centers.
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