SNDK soars 27.56% on January 6 after Nvidia CEO highlights AI storage demand.

SanDisk (SNDK) shares surged 27.56% to $349.63 after Nvidia CEO Jensen Huang declared AI storage the world's largest unserved market at CES, emphasizing memory's critical role as AI's working memory.

• Analysts project significant growth for 2026, forecasting 45% revenue growth and 200% EBITDA expansion, driven by the company's BiCS8 NAND and AI solutions.
• The increased demand for AI memory is occurring amid existing shortages, which have already pushed SSD prices up over 40%.
• Following the market close, shares continued to climb in after-hours trading, reaching $357.80 (+2.34%).