+11.90% to $1740.00 from $1554.99
What moved SNDK
- SanDisk estimated the NAND memory market will more than triple to exceed $300 billion this year, citing AI-driven data-center demand.
- SanDisk remains the best-performing S&P 500 component of 2026, even though shares are down about 35% from their late-June highs.
- The rally tracked gains in Micron and SK Hynix, with all three benefiting from persistent memory-chip supply shortages tied to AI infrastructure buildouts.
Sources: Alpha Spread · The Motley Fool · Yahoo Finance
-6.45% to $1493.12 from $1596.08
What moved SNDK
- A report said the Trump administration may allow Apple to source memory chips from Chinese suppliers CXMT and YMTC, opening the door to new competition for SanDisk.
- The potential policy shift was described as a possible diplomatic gesture ahead of a planned visit to the US by Chinese President Xi Jinping around late September.
- Western Digital and Micron shares also fell on the same report.
- SanDisk shares had risen more than 500% year-to-date through the prior Friday’s close, leaving the stock especially sensitive to negative headlines.
Sources: The Motley Fool · 24/7 Wall St.
-9.01% to $1625.78 from $1786.85
What moved SNDK
- Sandisk shares fell about 9% as the Wall Street Journal reported that major tech firms carry roughly $3 trillion in off-balance-sheet AI commitments.
- The drop came despite Sandisk being up as much as 653% year-to-date, with the move described by some as profit-taking rather than company-specific bad news.
- Rising long-term Treasury yields added pressure by compressing valuation multiples across the memory-chip sector.
Sources: Yahoo Finance · 24/7 Wall St.
+7.39% to $1641.11 from $1528.11
What moved SNDK
- JPMorgan upgraded Sandisk to Overweight from a suspended rating following the company’s 2026 Investor Day presentation.
- Management outlined targets for mid-to-high double-digit annual revenue growth between fiscal 2028 and 2030, along with non-GAAP gross margins of about 80% and adjusted free cash flow margins of about 50%.
- The company said it has signed eight long-term supply agreements representing about $94 billion in total contract value at floor pricing.
- JPMorgan’s analyst said Sandisk is positioned to capture NAND demand growth driven by AI inference workloads.
Sources: CNBC · Yahoo Finance
-6.81% to $1258.58 from $1350.50
What moved SNDK
- Fiscal fourth-quarter revenue of $8.97 billion beat the $8.39 billion estimate, up 372% year-over-year, with gross margin reaching 84.6%.
- Shares dropped after the report as the results failed to impress investors following the stock’s sharp run-up earlier in 2026.
- Full fiscal-year 2026 revenue totaled $20.25 billion, up 175% year-over-year.
Sources: TradingKey · CNBC
+10.84% to $1427.62 from $1288.03
What moved SNDK
- Shares rose about 8% Tuesday, extending a 6% gain from Monday after Morgan Stanley analysts signaled an all-clear on AI-related stocks.
- The stock remains down roughly 20% month-to-date and more than 30% below its June 22 52-week intraday high of $2,354.39.
- SanDisk is scheduled to report fiscal fourth-quarter and full-year results on August 5, with consensus estimates calling for EPS of roughly $33.38-$34.24 on revenue of $8.24-$8.3 billion.
Sources: The Motley Fool · Forbes · tradingkey.com