Surging 700% in 2026, SanDisk Takes Center Stage in Global NAND Storage Squeeze
SanDisk stock dips in Friday trading after a massive 700% 2026 rally, as investors weigh global NAND shortages ahead of October earnings.
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What's Going On With Sandisk Stock Thursday?
Sandisk (SNDK) rose over 1% premarket to $1,763.61, backed by strong NAND flash demand, AI growth, and Micron's upbeat results.
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Shares of memory and storage-related companies are trading lower following reports suggesting Toshiba plans to double production capacity for hard disk drives used in AI data centers, raising industry competition that impacts profit margins.
Reported October 1, 'Toshiba to double hard disk drive supply to fill AI chip memory gap; Japan tech group will expand Philippine plant, raise per-unit storage capacity' - Nikkei