NEW YORK, January 5, 2026, 09:44 EST — Regular session
- Sandisk shares rose 2.6% in early trading as investors chased memory and storage names on higher-price expectations.
- Reuters reported a global supply crunch tied to AI infrastructure is tightening availability across memory products.
- Next focus: Sandisk’s fiscal second-quarter results on Jan. 29 and key U.S. macro data later this week.
Sandisk Corp (SNDK.O) shares rose 2.6% in early trading on Monday, extending a rally in U.S. memory and storage names after reports that chip shortages could translate into higher prices. Micron Technology (MU.O) was up 2.8% and Western Digital (WDC.O) gained 3.1%, Reuters reported.
The move matters because memory pricing can swing quickly when supply tightens. For Sandisk, which sells NAND flash — a type of storage memory used in devices from smartphones to data-center drives — firmer pricing can lift revenue and margins in a business that is notoriously volatile.
Reuters reported that manufacturers have been diverting production capacity toward high-bandwidth memory, or HBM, the ultra-fast chips used in AI servers, leaving less supply for other products. Samsung co-CEO TM Roh called the shortage “unprecedented,” while TrendForce said prices in some segments have more than doubled since February last year; analysts at Morningstar and J.P. Morgan said the upturn — often dubbed a “supercycle,” meaning a longer-than-usual boom — could run into 2027. Reuters
Sandisk last closed at $275.24, around $9.5 below its record high of $284.76 set in November, a zone chart-focused investors often treat as a key test for momentum.
The next company catalyst is Sandisk’s fiscal second-quarter earnings on Jan. 29. The company said it will hold its conference call that day at 1:30 p.m. Pacific time.
Beyond the chip-specific headlines, investors are also weighing a busy U.S. calendar in the opening weeks of January, with employment data due Jan. 9 and a consumer price index report on Jan. 13, Reuters reported.
But the shortage trade cuts both ways. Memory is cyclical, and any sign that AI infrastructure spending is slowing — or that suppliers ramp output faster than expected — can unwind pricing power and hit the group.
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