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Sandisk stock jumps ~28% on AI-memory demand and CES commentary
Sandisk stock jumped nearly 28% as AI-driven memory demand and Nvidia CES signals boosted investor enthusiasm.
Sandisk shares surged about 27–28% Tuesday to a record high, marking the company’s strongest single day performance in nearly a year. Investors reacted to bullish comments on memory demand from Nvidia at CES and strong sector momentum tied to AI infrastructure storage growth. Related data storage names also rallied, with Western Digital and Seagate posting double-digit gains as demand expectations lifted memory pricing and positioning.