New York, Feb 13, 2026, 10:09 EST — Regular session
- Sandisk shares slipped Friday, snapping back after two days of big gains.
- Investors are watching AI-related chip supply, and memory and storage stocks aren’t finding steady ground.
- Attention shifts now to pricing power, shipping figures, and what’s next on the earnings calendar.
Sandisk Corp dropped roughly 5% early Friday, erasing some of its steep two-day rally after appetite for memory and storage stocks faded. Shares last traded down 5.1%, sitting at $598.41.
The retreat is notable—Sandisk now acts as a barometer for memory’s swings, its fortunes tethered to the AI data center wave. This week, the trade’s been jittery, whipsawed by chatter about supply and shipping timelines.
Samsung Electronics on Thursday announced it’s begun shipping its latest HBM4 chips to customers, stepping up efforts to challenge rivals in the supply of components paired with Nvidia’s AI accelerators. HBM—high-bandwidth memory—pushes large streams of data to AI processors. Chip division president Song Jai-hyuk called the early customer response “very satisfactory.” (Reuters)
Sandisk, a seller of NAND flash—the same type of storage found in solid-state drives—tends to move in step with other memory stocks. Micron lost roughly 3.1%, Western Digital dipped 3.5%, and Seagate dropped 4.5% early in the session.
Sandisk shares surged, jumping 10.65% Wednesday and tacking on another 5.16% Thursday, before slipping on Friday. (StockAnalysis)
Wall Street’s major indexes started off flat, as investors picked through inflation figures that landed below forecasts—fueling bets the Fed might still move on rate cuts, according to Reuters. (Reuters)
Sandisk shares have been on a tear since late January, fueled by strong earnings and a rosy forecast. On Jan. 29, the company reported second-quarter revenue jumping to $3.03 billion, with datacenter revenue up 64% from the previous quarter. Looking ahead, Sandisk projected third-quarter revenue between $4.40 billion and $4.80 billion. CEO David Goeckeler described the move as a “structural reset” to better balance supply and demand. (Sandisk)
Sandisk started trading as a standalone public company after Western Digital completed its spinoff, hitting the Nasdaq under “SNDK” on Feb. 24, 2025, according to a filing. (SEC)
Bulls have another thing to chew on: will this AI-fueled memory squeeze hold out, and for how long can it keep prices propped up across the board? Micron CFO Mark Murphy, speaking at a Wolfe Research event on Feb. 11, put it plainly: “Demand is significantly higher than our ability to supply.” He also pointed out the industry’s forecast—tight supply-demand conditions sticking around through 2026 and beyond. (Seeking Alpha)
But memory cycles shift. Should customers pull back on orders, or supply outpace demand, prices can drop fast — those high-multiple, high-volatility names usually feel it first.
Next up for investors: Sandisk’s earnings, scheduled for May 13, according to Investing.com. Eyes will also be on any new insights into NAND pricing and what’s happening with data-center demand. (Investing)
