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SanDisk Stock Soars to Record High on AI Storage Demand

SanDisk Stock Soars to Record High on AI Storage Demand

Author:

Global Cryptocurrency

Published:

2026-01-07 10:28:02

20

3

BTCCSquare news:

SanDisk shares surged 27.5% to a historic peak near $350 following Nvidia CEO Jensen Huang's CES 2026 remarks about unprecedented AI storage needs. The flash memory specialist's rally reflects broader sector momentum, with Western Digital, Micron, and Seagate all posting double-digit gains.

Morgan Stanley forecasts NAND flash memory prices will jump 30-35% in Q1 2026 as AI infrastructure demands outstrip supply. SanDisk's 1,080% rebound since April 2025 lows demonstrates how storage technologies are becoming the backbone of artificial intelligence ecosystems.

Wall Street maintains overwhelming confidence with 11 Buy ratings and just 3 Holds. Huang's characterization of data storage as "the working memory of the world's AIs" has recalibrated market expectations for memory chip producers across the board.

By:

Nvidia’s $54B China H200 Orders Signal AI Chip Demand Surge

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