Sandisk (SNDK) shares surged 12.81% after a Nomura Securities report indicated the company plans to sharply raise prices, potentially doubling, for its high-capacity 3D NAND memory devices this quarter.
- The price increase specifically targets high-capacity 3D NAND memory devices used in enterprise-grade solid-state drives.
- The strategic move is driven by strong demand and signals increased profitability prospects for the company.
- SNDK closed the day at $377.41, with positive momentum continuing in after-hours trading.