New York, February 16, 2026, 10:05 EST — Market closed.
- Sandisk finished Friday at $626.56, slipping 0.6% after a session marked by sharp swings.
- Presidents Day keeps U.S. markets closed; trading starts up again Tuesday, with new U.S. data expected later in the week.
- Nvidia’s results on Feb. 25 are shaping up as a crucial read on AI demand for chip and storage stocks.
Sandisk Corporation ended Friday at $626.56, slipping 0.6%, after moving from $586.37 to $661.50 through the session. After hours, shares picked up 0.6%, reaching $630.02. (Investing.com)
With U.S. stock markets shut for Presidents Day on Monday, Sandisk holders are stuck with Friday’s closing price and just a handful of macro events on the calendar until trading picks up again Tuesday. (NASDAQ Trader)
The pause is significant. Sandisk’s turned into a heavily trafficked AI storage bet, and its shares have proven quick to gap on even minor tweaks in risk appetite.
It’s still all about late January. Shares of Sandisk soared 14.7% on Jan. 30, driven by a new forecast for fiscal Q3 revenue between $4.4 billion and $4.8 billion and adjusted earnings of $12 to $14 a share. The sharp move also followed news that Sandisk will keep its flash-chip supply agreement with Japan’s Kioxia running through 2034. Morgan Stanley analysts don’t see the performance fading as long as AI demand stays this strong. Over at Morningstar, analysts pointed to supply bottlenecks that might not ease until at least 2028. The AI boost hasn’t been limited to Sandisk—Western Digital, Seagate and Micron are riding the same wave. (Reuters)
Sandisk reported on Jan. 29 that revenue for its fiscal second quarter climbed to $3.03 billion, with adjusted earnings landing at $6.20 a share. The company also stuck with its third-quarter outlook—the same targets that sparked January’s rally. CEO David Goeckeler emphasized stricter supply controls, describing Sandisk’s “structural reset to align supply with attractive, sustained demand” as a move to back “disciplined growth.” (Sandisk)
Friday drove the point home—volatility hasn’t let up on this stock, and it’s clear that a lot of the incremental buyers are just riding the cycle, not buying into the business itself.
The calendar could be the next catalyst. U.S. retail sales land Tuesday, followed by industrial production and the Fed’s minutes Wednesday, then GDP hits on Friday—data points that often jolt Treasury yields and ripple through higher-multiple tech stocks. (Scotiabank)
Investors have their eyes on Feb. 25, when Nvidia is set to hold a conference call at 2 p.m. PT (5 p.m. ET) to go over its fourth-quarter and full-year numbers—a key update for traders watching AI infrastructure budgets and their ripple effects on memory and storage. (NVIDIA Newsroom)
Still, risks linger. Memory runs in cycles—if NAND shortages clear up quicker than the market’s betting, or if there’s a pause in cloud and AI capex, that would put new pressure on pricing and margins, especially now with expectations riding high.
Markets reopen Tuesday. Traders are eyeing Sandisk to see if it holds onto the low-$600s after last week’s volatility. Looking ahead, Feb. 25 is circled—Nvidia reports and analysts get their questions in.
