NEW YORK, Feb 3, 2026, 06:56 EST — Premarket
- Sandisk shares climbed about 2.9% in pre-market action after jumping 15.4% on Monday. (Investing)
- Traders are wagering on a scenario where AI-driven demand crashes into a tight memory supply. (Business Insider)
- The company projected fiscal third-quarter revenue in the range of $4.40 billion to $4.80 billion. (SEC)
Shares of Sandisk Corporation climbed about 2.9% early Tuesday, extending Monday’s sharp 15.4% gain. The stock last traded around $684.17, up from a close of $665.24 on Monday. (Investing)
The shift stands out as investors rush into memory and storage stocks tied to the AI surge, where demand surges fast but supply can’t keep up. In this setup, pricing takes the spotlight—and can trigger swift, dramatic moves in stock prices.
Fresh analysis on the “unprecedented” memory chip shortage is pushing the trade, as experts point to AI data centers driving demand while supply lags behind. Apple CEO Tim Cook described the scenario as “a supply chase mode,” according to Business Insider.
Sandisk’s latest numbers highlight strong momentum. The company posted fiscal second-quarter revenue of $3.03 billion, a 61% increase year over year, with non-GAAP diluted earnings at $6.20 per share. Looking ahead to fiscal Q3, Sandisk forecasts revenue between $4.40 billion and $4.80 billion, and non-GAAP profit in the $12.00 to $14.00 per share range. CEO David Goeckeler pointed to a “better product mix” driving results and said the growing importance of its products in AI is now being “recognized.” (SEC)
NAND flash — the memory behind solid-state drives, smartphones, and countless PCs — frequently swings between surplus and shortage. Right now, traders appear certain the market is tight, driving prices up amid strong demand from enterprise and cloud sectors.
Since spinning off from Western Digital last year, Sandisk’s stock has seen sharp moves. On Jan. 30, Morgan Stanley analysts pointed out that earnings beat long-term trends and could remain stable for years. Yet, Morningstar warned of ongoing supply chain issues. (Reuters)
Peers have tracked the same pattern, with investors now focused on whether momentum in memory stocks holds up during Tuesday’s cash session or fades into profit-taking. Fresh analyst target updates or customer feedback could swing the moves either way.
But here’s the rub. The shortage narrative unravels if supply ramps up faster than expected, if cloud and AI spending takes a breather, or if customers push back on price increases. Memory cycles often turn before the market catches wind.
The key issue now is if Sandisk can maintain its recent rally gains as investors gear up for the next earnings report. The company is set to announce results on April 29, according to Seeking Alpha’s earnings calendar. (Seekingalpha)
