New York, March 4, 2026, 16:49 (EST) — Trading after the bell.
- Sandisk shares jumped 5.9%, trading at $599.06 after hours.
- A day prior, the stock plunged, caught up in a steep selloff hitting memory and storage shares across the wider tech sector.
- Traders have their eyes on Friday’s U.S. payrolls report, while Sandisk’s upcoming investor conference scheduled for March 11 is also on the radar.
Sandisk Corp (SNDK.O) jumped close to 6% Wednesday, last quoted up 5.9% at $599.06 after hours. Shares moved in a range from $557.19 to $607.47 through the session, with volume hitting roughly 15.5 million shares.
Sandisk’s rebound is getting attention—this name often sets the tone for memory and data-storage bets. On Tuesday, shares plunged 8.7% as traders ditched chip-adjacent stocks in response to renewed geopolitical jitters.
Stocks paused their slide Wednesday, following a New York Times report suggesting Iran might be willing to talk. President Donald Trump, for his part, promised measures to calm oil markets. “It is time to be realistic and not get carried away, either too bullishly or too bearishly,” said Jim Awad, senior managing director at Clearstead Advisors. Reuters
Micron Technology (MU.O) tacked on 5.6%. Western Digital (WDC.O) also climbed, adding 4.2%. Peers broadly pointed higher.
Stocks took a hit Tuesday, with the S&P 500 dropping nearly 0.9%. The VIX spiked, closing at its highest mark since November. “There seems to be some notion that perhaps (the Iran war) will persist longer than people thought 24 hours ago,” said Chuck Carlson, chief executive officer of Horizon Investment Services. Reuters
The rebound isn’t sending a clear message. Fresh jumps in crude prices, shipping snags, or evidence the conflict is widening could pull inflation expectations right back in—and put pressure on cyclical chip stocks once more.
Sandisk, a producer of NAND flash memory found in solid-state drives and a range of storage devices, supplies cloud, client, and consumer markets. Western Digital, its former parent, wrapped up the spinoff last year and has since trimmed its holding. Last month, Sandisk projected stronger-than-expected quarterly results as AI infrastructure investments lifted demand.
Sandisk will speak at the Cantor Global Technology & Industrial Growth Conference on March 11, following its appearance at Morgan Stanley’s Technology, Media & Telecom Conference on March 3, according to the company.
Macro headlines will take priority the next couple of sessions. Friday’s U.S. Employment Situation report, set for 8:30 a.m. ET on March 6, is on deck—and it’s a data point that can jolt rate-cut wagers, with ripple effects for how traders price fast-moving tech names such as Sandisk.
