Sandisk's stock fell 23% over the past month due to concerns over AI spending but surged 6% following Seagate's strong quarterly report showing 61% revenue growth and robust storage demand. Seagate's CEO highlighted long-term supply agreements through 2028-2030, signaling tight supply and strong demand for storage products, which boosted investor confidence in Sandisk. However, investors remain cautious as Sandisk's upcoming earnings report will be crucial to confirm if the rebound is sustainable amid potential profit-taking and Federal Reserve rate hike concerns. The broader memory and storage sector is influenced by AI infrastructure spending and pricing trends, with other companies like Western Digital and Micron also affected.
SanDisk stock rose 6.45% to USD 1,389.00 on Pluang as of Oct 29, 2026 02:12 WIB, reflecting strong investor interest despite a 70% sell order activity. Seagate shares also gained 2.81%, priced at USD 686.60, with a 65% sell order ratio. Meanwhile, Micron climbed 5.18% to USD 976.84, showing mixed sentiment in the technology storage sector on Pluang.
SK Hynix reported a record 632% increase in operating profit for Q3 2026, driving its shares up 8% premarket. The company also announced a $45 billion shareholder return plan, boosting investor confidence. This surge positively influenced other memor...
NVIDIA, Micron, and SanDisk have significantly outperformed the market in 2026, driven by strong demand for AI-related memory and storage products. Analysts have raised their earnings estimates for these companies, with NVIDIA potentially reaching $3...
Sandisk is under pressure due to weakening consumer demand for memory products, with only enterprise SSD demand providing some support. Despite a drop in valuation, Sandisk remains more expensive than competitors like Micron and SK Hynix. Concerns pe...
Micron Technology shares climbed 4% following a positive outlook from Bank of America after meeting with company executives. The bank highlighted a structural shift where memory customers are now locking in supply contracts for three to five years, c...
SanDisk shares fell 33% in October, trading nearly 50% below their 52-week high despite posting a record fiscal year with revenue up 371.6% year-over-year and strong earnings beats. The company secured $93.9 billion in new business agreements, provid...
