From Bloomberg, January 6:
Sandisk Corp. shares jumped as much as 25% Tuesday, hitting a record in their best intraday performance since February, after Nvidia Corp. Chief Executive Officer Jensen Huang highlighted the need for memory and storage in comments at the tech conference CES.
The stock is on a tear, leaping more than 40% in the first three trading sessions of 2026 and soaring roughly 1,050% since hitting a low on April 22. It’s the best performer in the S&P 500 Index Tuesday, followed by memory and storage companies Western Digital Corp. and Seagate Technology Holdings Plc, both of which are posting double-digit percentage gains.
“For storage, that is a completely unserved market today,” Huang said
at CES Monday. “This is a market that never existed, and this market will likely be the largest storage market in the world, basically holding the working memory of the world’s AIs.”
Tight supply and a surge in memory pricing amid a growing need for artificial intelligence training and inferencing is helping to boost digital storage stocks, according to Bloomberg Intelligence’s Jake Silverman. Huang’s comments at CES “suggest that demand for NAND storage will remain robust across Nvidia systems,” he said.
Memory prices have been steadily climbing. Earlier this week, Korea Economic Daily reported that Samsung Electronics and SK Hynix were seeking to raise server DRAM prices by 60% to 70% in the first quarter from the fourth quarter of last year....
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