The shares of Sandisk Corp climbed 10.6% on Wednesday, settling at $501.29. The company’s stock price has climbed over 111% so far this year, highlighting significant investor interest in the tech sector for 2026.
Sandisk’s recent rally is underpinned by sustained demand for flash memory and storage products, particularly in data center and artificial intelligence applications. As corporate spending on AI infrastructure expands, the company is increasingly viewed by investors as an effective means to benefit from tightening memory availability and improving market pricing.
Wall Street analysts contributed to the stock’s positive trend. Earlier in the week, Citi raised its price target on Sandisk to $490 from $280, while maintaining a Buy recommendation. This adjustment has bolstered the already-strong sentiment surrounding the company.
Following meetings at the Consumer Electronics Show earlier in January, Citi’s team described Sandisk as especially well-positioned, citing renewed strength in NAND flash storage. The outlook was attributed to rising demand tied to data-center expansion, with specific mention of growth opportunities related to Nvidia’s Vera Rubin AI platform.
Sandisk began trading independently on Nasdaq under the ticker SNDK in February 2025, following its separation from Western Digital. The company will announce its fiscal second-quarter financial results on January 29, with a conference call scheduled after the U.S. markets close.
