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BTCC / BTCC Square / Global Cryptocurrency /
SanDisk (SNDK) Stock Surges 12% Amid NAND Price Rally, Lifts Memory Sector

SanDisk (SNDK) Stock Surges 12% Amid NAND Price Rally, Lifts Memory Sector

Author:
Global Cryptocurrency
Published:
2026-03-10 11:04:02
19
3
BTCCSquare news:

SanDisk shares skyrocketed 11.6% Monday, leading S&P 500 gains as NAND flash memory shortages drive pricing power. The stock's 148% year-to-date rally reflects structural supply constraints that analysts predict could persist through 2028.

Q2 2026 earnings shattered expectations with $3 billion revenue (up 31% sequentially) and $6.20 EPS - nearly double consensus estimates. Data center demand proved particularly robust, with segment revenue jumping 64% quarter-over-quarter to $440 million.

Institutional confidence grows as BNP Paribas issues a $650 price target and Nomura forecasts potential doubling of data center chip prices. The memory sector broadly benefited, with Micron and Western Digital climbing 5% and 7% respectively on the same trading session.

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