NEW YORK, Feb 10, 2026, 10:14 EST — Regular session
- Sandisk shares slid in early New York trade, extending Monday’s decline.
- Storage and memory names weakened as investors reprice the AI buildout and component costs.
- Attention shifts to U.S. jobs and inflation data this week and Nvidia’s Feb. 25 results.
Sandisk shares fell about 4.2% to $558.96 in morning trading on Tuesday, after swinging between $548.46 and $590.50.
The move matters because Sandisk has become a high-beta proxy for the tight memory market, and small shifts in risk appetite can hit it hard. The stock ended Monday at $583.40. 1
Investors are also trying to separate real demand from price effects in the AI supply chain. RBC Capital Markets estimated that soaring memory prices — DRAM, which is working memory, and NAND flash, which stores data — could account for about 45% of cloud capex dollar growth in 2026. 2
That backdrop has made “AI winners” trade like crowded positions. “This shift in sentiment weighed on Asia tech stocks as well,” Nomura wrote, after last week’s pullback in high-growth shares. 3
Other storage and memory names were under pressure too. Western Digital fell about 5.2%, while Micron dropped roughly 2.2%.
Competition headlines are adding to the churn. Barron’s reported Samsung is preparing to begin mass production of next-generation high-bandwidth memory, or HBM4, later this month — a market tied closely to AI accelerators — and the report weighed on Micron shares. 4
Sandisk, which sells NAND-based solid-state drives and other flash products, last month reported fiscal second-quarter revenue of $3.03 billion and forecast third-quarter revenue of $4.40 billion to $4.80 billion. CEO David Goeckeler said a “structural reset” to match supply with demand positions the company for “disciplined growth.” 5
But memory upcycles don’t move in straight lines. A faster supply response, softer data-center orders, or a slowdown in consumer devices could push pricing lower and squeeze margins, and Sandisk’s stock has shown it can reprice quickly.
Traders will now watch U.S. macro data for cues on rates and risk appetite, with the January employment report due Wednesday and January CPI inflation due Friday. 6
In the chip world, Nvidia reports fourth-quarter results on Feb. 25 — an event investors often treat as a read-through on AI hardware orders and the memory needed to feed them. 7
