New York, Jan 9, 2026, 10:32 AM EST — Regular session underway
- Sandisk shares jumped roughly 7% early, rebounding after AI-related storage stocks took a steep dive just yesterday.
- A softer U.S. payrolls number left the door open for rate cuts, lifting risk sentiment.
- Investors have their eyes on a Supreme Court tariff decision, Tuesday’s U.S. CPI numbers, and earnings from Sandisk due Jan. 29.
Sandisk Corp (SNDK.O) jumped roughly 7% on Friday, with chip and storage names catching their breath following the previous session’s drop. The stock traded at $357.90 at 10:25 a.m. ET, up 7%, after bouncing from a low of $330.96 to a high of $365.50 earlier.
The rebound stands out. Sandisk’s become a popular AI data-center play on the storage side, and the logic isn’t complicated—more AI servers mean thirstier demand for memory and storage, and supply can get snug in a hurry.
Sandisk dropped 5.4% on Thursday, investors taking profits following a sharp climb in the stock. “You have to show me who the winners and losers are,” said Art Hogan, chief market strategist at B. Riley Wealth. 1
Stocks caught a boost Friday after government figures revealed the U.S. economy gained 50,000 jobs in December, falling short of the expected 60,000. Unemployment ticked down to 4.4%. Adam Sarhan, chief executive at 50 Park Investments, pointed out that “part of the drop in unemployment” might reflect more people exiting the labor force. 2
Other names in the group also moved higher. Western Digital (WDC.O) advanced roughly 0.3%. Seagate Technology (STX.O) picked up close to 2.9%, while shares of Micron Technology (MU.O) climbed 3.4%.
Brace for a busy stretch ahead. All eyes are on Tuesday’s December U.S. consumer price index release, while Wall Street’s biggest banks roll out their fourth-quarter numbers—triggers that could shift rate bets and ripple into high-multiple tech stocks. “The market may be underappreciating some of the events on the horizon that could likely produce higher volatility,” warned Michael Arone, chief investment strategist at State Street Investment Management. The Fed’s next rate decision lands Jan. 27-28. 3
Market attention stayed fixed on the looming U.S. Supreme Court ruling over President Donald Trump’s tariffs, an event that could roil trade costs and inject fresh volatility. LSEG data puts rate cut expectations at around 54 basis points for 2026 — remember, a basis point equals 0.01 percentage point. 4
Sandisk is lining up its fiscal second-quarter results for Jan. 29, with an earnings call set for 1:30 p.m. Pacific. The flash storage firm’s business runs on NAND flash technology, found in solid-state drives and used in everything from the cloud to individual consumer devices. 5
The setup isn’t one-sided. After a week marked by sharp moves, Sandisk is primed to react to shifts in rates, any turbulence in memory pricing, or a fresh jolt in risk sentiment tied to AI spend. Dennis Follmer, chief investment officer at Montis Financial, put it plainly: “some guests are getting a bit carried away”—even though he sees plenty of steam left in the AI rally. 6
It’s CPI on Tuesday, after that the Fed meets Jan. 27-28. Sandisk puts its cards on the table Jan. 29—first big test to see if storage has legs left or just more sizzle.
