SanDisk shares rose more than 6% in Thursday pre-market trading. This gain follows a 10.7% increase during the previous session. Sector-wide momentum drove the rally rather than company-specific announcements.
Key manufacturing partner Kioxia issued a fourth-quarter outlook significantly above consensus estimates. Kioxia confirmed its entire NAND flash production capacity for 2026 is already sold out. The guidance underscores a period of tight supply and significant pricing power. Recent optimistic commentary from rival Micron further bolstered sector sentiment.
AI-driven demand for memory and storage continues to fuel a supply-demand imbalance. Analysts expect this market tightness to persist through 2026. Options trading shows signs of increased volatility despite the positive equity reaction.