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SanDisk: Why It Just Had One of the Biggest Days in Its History

Investing.com Logo Investing.com By Leo Miller
SanDisk: Why It Just Had One of the Biggest Days in Its History

SanDisk surged 27% on January 6, 2026, its second-largest single-day gain, driven by NVIDIA CEO Jensen Huang's comments about AI data storage being an underserved market that could become the world's largest storage market. Additionally, TrendForce forecasts NAND flash contract prices will rise 33-38% in Q1 2026, with enterprise SSDs becoming the largest SSD market segment, benefiting SanDisk's revenue and margins.

Insights
SNDK   positive

Strong 27% single-day gain driven by favorable AI data storage demand signals, expected NAND flash price increases of 33-38% in Q1 2026, and enterprise SSD market growth. NVIDIA CEO's comments about AI storage being an underserved market validate SanDisk's growth prospects.