Core Viewpoint - Sandisk Corporation (NASDAQ:SNDK) reached an all-time high, driven by positive sentiment in the memory storage market following comments from Nvidia's CEO about the sector's potential growth [1][3]. Company Performance - Sandisk's stock price peaked at $352 during intra-day trading, ultimately closing at $349.63, reflecting a 27.56% increase [2]. - The rally in Sandisk's stock was in line with other companies in the memory storage sector, including Western Digital Corp., Seagate Technology Holdings, and Micron Technology [3]. Industry Insights - Nvidia's CEO, Jensen Huang, highlighted the memory storage market as an under-served sector with the potential to become one of the largest globally, particularly due to the increasing demand for AI-related storage solutions [3]. - Huang noted that the current infrastructure is struggling to keep up with the high demand for processing context and token memory, indicating significant growth opportunities in the sector [4]. Product Development - Sandisk introduced its new Solid-State Drive lineup named "Optimus" at CES 2026, targeting gamers, creators, and professionals [4].
Sandisk Corp. (SNDK)at All-Time High as Memory Market Set to Become ‘One of the Largest’