SanDisk stock has surged to new heights, climbing 27.5% on Tuesday to reach an all-time high of $350. This dramatic rise has been attributed to Nvidia CEO Jensen Huang’s predictions during CES 2026, where he emphasized the critical role of data storage in the burgeoning AI market.
AI Infrastructure Fuels the Rise in Data Storage
At CES 2026, Huang painted a compelling picture of the future of data storage. He described it as a “completely unserved” market with the potential to become the largest storage sector globally. This revelation caused a rally across the memory and storage industry, boosting stocks like Western Digital (+16.8%), Micron (+10%), and Seagate Technology (+14%).
According to Morgan Stanley, NAND flash memory prices are projected to soar by 30% to 35% in Q1 2026. As a key component for long-term data storage, NAND flash lies at the heart of SanDisk’s product portfolio. This trend is driven by tightening supply amid surging demand for AI training, inferencing, and edge computing infrastructure.
SanDisk’s Market Position and Analyst Ratings
SanDisk has experienced unprecedented growth, surging over 1,080% since its April 2025 low. The company became independent in February 2025 after spinning off from Western Digital, and it has continued to outperform expectations in the S&P 500. Just three trading days into 2026, SanDisk shares have already climbed more than 40% year-to-date.
Wall Street analysts have shown confidence in SanDisk’s performance, maintaining a strong buy rating. Out of 14 analysts, 11 recommend it as a Buy, with the company’s stock already exceeding the average price target of $259.83.
Growing Use Cases and Broader Implications
As organizations across industries retain more data for analytics, compliance, and AI training, the demand for reliable storage solutions continues to rise. This trend is further fueled by emerging technologies in drones, surveillance, sports, and autonomous vehicles. Analysts at Bank of America have identified SanDisk and other companies within the memory sector as key beneficiaries of this growing data-centric landscape.
Your Next Step
To stay ahead of the curve in the rapidly evolving field of AI and tech investing, consider exploring cutting-edge storage solutions from SanDisk. For personal data storage needs, the SanDisk Extreme Portable SSD offers durability and lightning-fast transfer speeds that cater to modern lifestyle and professional demands. Embrace the future with technology that’s built to last!
