Today: 26 May 2026
Sandisk (SNDK) stock jumps 16% after-hours as board adds First Solar CFO and chip rally kicks off 2026
2 January 2026
2 mins read

Sandisk (SNDK) stock jumps 16% after-hours as board adds First Solar CFO and chip rally kicks off 2026

NEW YORK, Jan 2, 2026, 17:40 ET — After-hours

  • Sandisk shares were up about 16% at $275.24 in after-hours trading, after ranging from $242.00 to $277.66.
  • The flash-memory maker said it appointed First Solar CFO Alexander R. Bradley to its board and audit committee.
  • Investors are looking ahead to Sandisk’s Jan. 29 earnings call and next week’s U.S. jobs and inflation data.

Shares of Sandisk Corp rose about 16% to $275.24 in after-hours trading on Friday, after the first regular U.S. session of 2026. After-hours trading is the period outside the 9:30 a.m. to 4 p.m. ET session when stocks continue to trade.

The move put the storage maker among the day’s biggest gainers as investors rotated back into chip and AI-linked hardware names. The Philadelphia semiconductor index ended up 4% on Friday, according to Reuters.

Sandisk also announced after the close that it appointed Alexander R. Bradley, chief financial officer of First Solar, to its board of directors and audit committee. The governance update landed as investors set positions for January’s economic data and the start of the quarterly earnings season.

Bradley has served as CFO of First Solar since 2016, the company said, and his appointment was effective Dec. 30, 2025. “Alex brings exceptional operational finance expertise and strategic insights to Sandisk’s board,” chairman and CEO David Goeckeler said. Business Wire

In a Form 3 filing, Bradley reported no beneficial ownership of Sandisk securities, an SEC document showed. A Form 3 is an initial statement insiders file when they become a director or officer subject to U.S. reporting rules.

Sandisk traded between $242.00 and $277.66 on the day and last stood near the upper end of that range in extended trade. The stock’s prior close was $237.36, implying a one-day gain of roughly 16%.

Other storage and memory names also moved sharply higher. Western Digital was up about 9%, Micron gained about 10.5% and Seagate added about 4.4%, based on late pricing.

Sandisk develops data storage devices and solutions based on NAND flash, a type of memory used in smartphones and solid-state drives. Solid-state drives, or SSDs, store data on chips rather than spinning disks and are commonly used in laptops and data centers.

The company became a standalone public business after Western Digital completed a spin-off of its flash unit on Feb. 21, 2025, a filing showed. Sandisk’s common stock began trading on Nasdaq under the symbol “SNDK.” SEC

Next on Sandisk’s calendar is its fiscal second-quarter report on Jan. 29, when management will host a conference call, the company said. Traders will be focused on commentary around data-center demand, flash pricing and any updates to spending plans.

Beyond the company’s own results, the U.S. employment report due Jan. 9 and the consumer price index report on Jan. 13 are likely to steer rate expectations and risk appetite, Reuters reported. Those shifts can hit high-momentum technology stocks hardest.

From a technical standpoint, investors will be watching whether Sandisk holds above its prior close near $237 and whether it can retest Friday’s peak near $278. A pullback toward $242 would put the day’s lows back in view.

Stock Market Today

  • Asia Markets Rise on Iran Peace Hopes as Oil Prices React
    May 25, 2026, 8:55 PM EDT. South Korea's Kospi hit a new record, buoyed by optimism over U.S.-Iran peace talks. Despite military strikes by U.S. forces targeting Iranian sites, President Trump described negotiations as "proceeding nicely." Oil prices diverged, with West Texas Intermediate crude falling over 5% to $91.41 a barrel, while Brent crude rose nearly 2% to $97.82 a barrel. Japan's Nikkei 225 retreated slightly after reaching a historic high above 65,000 on Monday. Australia's S&P/ASX 200 opened lower, and Hong Kong's Hang Seng futures showed declines. Investor sentiment remains cautious amid geopolitical tensions and mixed economic signals across the region.

Latest articles

Infleqtion shares react to $100 million quantum funding news in Washington

Infleqtion Shares Up 31% This Week After $100 Million Quantum Contract, Eyes on Tuesday Trading

26 May 2026
Infleqtion shares surged 11.2% Friday to $16.35, capping a 31.4% weekly gain ahead of the Memorial Day market closure. The rally followed a May 21 letter of intent with the U.S. Commerce Department for up to $100 million in proposed funding under the CHIPS Act. The award is not final and depends on meeting development milestones. U.S. equity markets reopen Tuesday after the holiday.
Plug Power Stock Pauses After a Wild Week. The Next Test Is Cash.

Plug Power Stock Pauses After a Wild Week. The Next Test Is Cash.

26 May 2026
Plug Power shares closed at $3.78 on May 22 after a volatile week, rebounding 14.2% on May 21 following news of a final investment decision for its 30-megawatt Barrow Green Hydrogen project in the UK. The company reported Q1 revenue up 22% to $163.5 million and improved gross margin, but analysts remain cautious, with price targets ranging from $2.50 to $5. U.S. markets were closed May 25 for Memorial Day.
Archer Aviation Stock Paused Monday, Traders Watching Tuesday for ACHR Direction

Archer Aviation Stock Paused Monday, Traders Watching Tuesday for ACHR Direction

26 May 2026
Archer Aviation (ACHR) closed Friday at $6.36, up 5.1% for the week, before slipping to $6.29 in after-hours trading. The company reported a Q1 net loss of $217.7 million on $1.6 million revenue, with $1.78 billion in cash at quarter’s end. Archer says it completed Phase 3 of FAA certification for its Midnight eVTOL. Investors await updates on Phase 4 testing and U.S. pilot program plans.
Broadcom stock today: AVGO holds gains after hours as CFO sale notice and chip rally grab attention
Previous Story

Broadcom stock today: AVGO holds gains after hours as CFO sale notice and chip rally grab attention

Eli Lilly stock (LLY) edges higher after hours today as drug-pricing reset and January catalysts loom
Next Story

Eli Lilly stock (LLY) edges higher after hours today as drug-pricing reset and January catalysts loom

Go toTop