New York, February 14, 2026, 10:10 (EST) — The market is shut.
- Sandisk slipped roughly 0.5% to close out Friday at $626.56.
- The share price whipped through a $74 range between its low and high, volatility staying front and center.
- With U.S. markets closed Monday for Presidents Day, trading picks up again on Tuesday.
Sandisk Corp (SNDK) slipped 0.5% to finish at $626.56 on Friday, wrapping up another session of sharp moves that gave volatility traders plenty to work with. With a long weekend ahead, all eyes are on whether the rally has enough steam to persist once markets reopen.
Sandisk’s been on a tear in the memory space, jumping 163% in 2026. With trading thinning out for the holidays, any move could get amplified once the market returns.
TipRanks flagged the absence of any fresh company news driving the recent spike. Instead, attention is turning to appetite for memory and storage names positioned as key suppliers to AI data center growth.
The stock kicked off Friday at $611, touched $661.15 at its peak, then slipped to $587.10 by the low. Roughly 23.6 million shares traded on the day.
Shares climbed roughly 5.2% to $630.29 on Thursday, Reuters market data showed. On Friday, the stock slipped, giving up part of that gain, but finished the two-day stretch nearly flat.
Sandisk posted fiscal second-quarter revenue of $3.03 billion late last month, with adjusted earnings per share at $6.20 — “adjusted” here means certain items are excluded. The company projected revenue for its current quarter to fall somewhere between $4.40 billion and $4.80 billion. CEO David Goeckeler pointed to climbing demand, saying interest is picking up as “the critical role that our products play in powering AI” becomes more widely recognized. Sandisk
Speaking to Reuters as the news broke, Goeckeler put it bluntly: “Customers prefer supply over price” right now in the flash market. He pointed to limited availability, especially for storage powering AI inference—basically, when models respond to users. Sandisk, for its part, confirmed it’s locked in a flash chip supply deal with Japan’s Kioxia, stretching the partnership through 2034. Reuters
Western Digital, Seagate, and Micron have each surged alongside peers, lifted by the same memory crunch. Morgan Stanley analysts say profits could stay high as long as AI demand holds up. Morningstar, for its part, projects those supply issues sticking around through at least 2028.
Wall Street’s price targets are moving up. Bernstein’s Mark C. Newman bumped his target to $1,000 after the quarter, describing the results as a “significant beat and guide,” according to Investing.com. Investing
But with the stock already priced for perfection, there’s not much cushion if ASPs slip or fresh supply comes online sooner than forecast. A cautionary piece on Seeking Alpha pointed out that current margins rely on unusually tight supply and elevated NAND pricing.
U.S. stock markets are shut Monday for Presidents Day, with trading back on track Tuesday, Feb. 17. Sandisk traders are eyeing whether momentum picks up again when the full session gets underway after the holiday.
