New York, February 14, 2026, 10:10 (EST) — Market closed.
- Sandisk ended Friday at $626.56, down about 0.5% on the day.
- The stock swung roughly $74 from low to high, keeping volatility in play.
- U.S. markets are shut Monday for Presidents Day, pushing the next session to Tuesday.
Sandisk Corp (SNDK) shares ended Friday down 0.5% at $626.56 after another wide swing that kept volatility traders busy. The stock heads into a long weekend with attention on whether the rally can hold when markets reopen.
Sandisk has become a momentum name in the memory corner of tech, up 163% so far in 2026. That matters now because a thin holiday tape can exaggerate moves when the market comes back. (Yahoo Finance)
A TipRanks note said there was no company-specific headline behind the latest surge. That leaves investors watching broader demand for memory and storage shares pitched as picks-and-shovels for AI data centers. (TipRanks)
On Friday, the stock opened at $611 and traded as high as $661.15 before sliding to $587.10. About 23.6 million shares changed hands.
The shares rose about 5.2% on Thursday to $630.29, according to Reuters market data. They gave back some of that on Friday, but ended the two sessions little changed. (Reuters)
Late last month, Sandisk reported fiscal second-quarter revenue of $3.03 billion and adjusted earnings per share of $6.20 — “adjusted” strips out some items — and it forecast revenue of $4.40 billion to $4.80 billion for its current quarter. Chief executive David Goeckeler said demand is rising as “the critical role that our products play in powering AI” draws more attention. (Sandisk)
In an interview with Reuters around that release, Goeckeler said “Customers prefer supply over price” in the current flash market and described tight supply for storage used in AI “inference” — when models answer users. Sandisk also said it extended a flash chip supply agreement with Japan’s Kioxia through 2034. (Reuters)
Peer stocks Western Digital, Seagate and Micron have also ridden the memory squeeze, with Morgan Stanley analysts saying earnings could stay elevated as long as AI demand remains strong. Morningstar analysts expect supply constraints to last until at least 2028. (Reuters)
Wall Street’s targets have followed. Bernstein analyst Mark C. Newman raised his price target to $1,000 after the quarter, calling it a “significant beat and guide,” Investing.com reported. (Investing)
Still, the stock’s run leaves little room for a stumble, especially if average selling prices (ASPs) soften or new capacity hits faster than expected. A bearish note on Seeking Alpha said today’s margins depend on rare supply tightness and high NAND prices. (Seeking Alpha)
U.S. stock markets are closed Monday for Presidents Day and reopen Tuesday, Feb. 17. Sandisk traders will watch whether momentum returns in the first full session after the break. (Nasdaq)
