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Sandisk Is on Fire—The Real Reason Behind Its Record-Breaking Rally!

Sandisk just logged its biggest single-day gain in nearly a year, soaring 27.6% to a record $349.63. It was the best-performing stock in the S&P 500 on Tuesday, capping an 800% rally since its spinoff from Western Digital less than a year ago. Investors piled into the flash memory maker after Nvidia’s CES keynote Monday night highlighted a new memory storage platform for AI workloads. The announcement sent ripples across the storage sector, with Western Digital and Seagate also climbing 16.8% and 14% respectively. While the excitement is clearly about AI and Sandisk’s strategic positioning in SSDs, the timing also coincides with expectations for strong memory pricing ahead of Samsung and SK Hynix’s earnings. Traders are betting on tight supply, growing demand, and higher margins.