SanDisk Trending After Nvidia CEO Jensen Huang Flags Memory As Major 'Unserved Market' With Surging Demand And Prices

Shares of retention solutions company, SanDisk Corp. (NASDAQ:SNDK) rallied 27.56% connected Tuesday, becoming the champion performer successful the S&P 500 for the day, pursuing Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang’s remarks connected the increasing value of the retention market.

During his code astatine CES 2026 connected Monday, Huang said retention is simply a “completely unserved marketplace today,” amid choky supply, surging prices and soaring request from AI grooming and inference markets.

“This is simply a marketplace that ne'er existed, and this marketplace volition apt beryllium the largest retention marketplace successful the world, fundamentally holding the moving representation of the world's AIs,” helium said, underscoring the progressively captious quality of the segment.

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SanDisk and rivals specified arsenic Micron Technology Inc. (NASDAQ:MU) and Seagate Technology Holdings PLC (NASDAQ:STX) person emerged arsenic cardinal beneficiaries of the trend, with the radical pursuing a akin upward trajectory implicit the past mates of years.

The rally connected Tuesday brings SanDisk’s year-to-date gains to 42.61%, conscionable a week into the caller year, adding to its monumental 1,150% rally since its 52-week debased successful April 2025.

SanDisk’s fiscal show has broadly kept gait with the stock’s performance, with the institution reporting $2.3 cardinal successful gross during its caller fiscal first-quarter net results, up 23% year-over-year, and 21% from the anterior quarter.

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It posted a nett of $1.22 per share, importantly up of the anterior 4th astatine $0.29, portion beating estimates connected the apical and bottommost lines.

SanDisk’s shares were up 27.56% connected Tuesday, closing astatine $349.63, and are up different 0.45% overnight. The banal has a favorable terms inclination successful the short, mean and agelong presumption successful Benzinga’s Edge Stock Rankings. Click present for deeper insights into the stock, the company, its peers and competitors.

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