New York, Jan 13, 2026, 10:41 EST — Regular session
- Sandisk shares slipped roughly 1.2% in morning trading, following a strong rally earlier this year into 2026
- Traders are eyeing the Jan. 29 results for clues on NAND flash pricing and margin trends
- Storage and memory stocks showed mixed results; Micron slipped, while Seagate held steady
Shares of Sandisk Corp slipped Tuesday, trimming part of the hefty rally seen earlier this month amid a reevaluation of the crowded data-center trade. In morning trading, the stock dropped 1.2% to $384.53.
The pullback is significant since Sandisk has become a high-beta stand-in for the “more storage for AI” trend, with sharp moves up and down. Following a rapid surge, even minor changes in risk appetite can trigger noticeable swings in the stock. 1
All eyes turn to Sandisk’s fiscal second-quarter earnings due Jan. 29. Investors will be watching closely for any news on pricing trends, supply levels, and cost pressures in NAND flash—the non-volatile memory powering SSDs and other storage tech. 2
Western Digital dipped 0.5%, Seagate barely moved, and Micron dropped roughly 2%. Nvidia shares also slipped slightly.
Since Western Digital spun off its flash division, Sandisk has emerged as one of the storage sector’s most volatile stocks, now trading on Nasdaq under the ticker SNDK. 3
Monday’s session wrapped with the stock at $389.27, having peaked at $395.16 earlier in the day, per the company’s historical price data. 4
Chief Executive David Goeckeler said customers were “turning to Sandisk” amid a pickup in demand, highlighting better conditions for the company’s products in the latest results statement. 5
Recent optimism has focused on whether constrained supply will allow suppliers to raise contract prices and boost margins through 2026, especially for data-center-grade drives where buyers tend to be less sensitive to price.
However, the trade carries a distinct risk: memory pricing moves in cycles, and even a hint that supply is rising or key customers are working through stock can swiftly pressure guidance and squeeze margins. Following a sharp rally, valuations grow less tolerant of any misstep in the outlook.
Investors are eyeing Sandisk’s earnings report and conference call on Jan. 29. That’s when fresh data on pricing, volumes, and costs will emerge, offering a better gauge of whether this rally is built to last or just riding momentum. 6
