SanDisk shares dropped 6% amid a broader memory sector selloff triggered by Chinese memory maker ChangXin Memory Technologies' progress in DRAM technology. Although SanDisk specializes in NAND flash and not DRAM, the market reacted negatively across the memory and storage sector, including Seagate and other major players. SanDisk's strong recent financial performance and buyback plans contrast with the sector's cautious sentiment. Investors will watch flash pricing and Chinese capacity developments closely to gauge future impacts.
As of Oct 12, 2026 23:11 WIB, SanDisk trades at USD 1,491.00, down 5.74% on Pluang, close to its 52-week low of USD 116.91 but far from its 52-week high of USD 2.34K. Seagate shares are also down 3.41% at USD 756.28, nearer to their 52-week low of USD 211.63 than the high of USD 1.09K. Micron holds a higher price at USD 998.29 with a smaller 1-day drop of 2.98%, trading closer to its 52-week high of USD 1.21K as of the same time.
Sandisk has emerged as a debt-free company with high free cash flow, benefiting significantly from increased AI-driven data center demand following its separation from Western Digital. Its multi-year New Business Model (NBM) contracts secure NAND pri...
NVIDIA, Micron, and SanDisk are expected to see significant stock price increases in 2027 driven by high demand for AI-related chips and memory. NVIDIA's CEO Jensen Huang highlighted supply shortages limiting sales despite strong demand. Analysts pro...
