SanDisk Stock News

Micron Technology (NASDAQ: MU) and SanDisk shares (NASDAQ: SNDK) fell in Thursday's pre-market trading, reversing part of Wednesday's powerful rebound as uncertainty over Nvidia chief executive Jensen Huang unsettled the broader AI supply chain. Micron traded at $790.92, down 2.51%, while SanDisk fell 2.95% to $948.88.

Even with Wednesday's big gains, Sandisk shares are well off their highs from earlier in the year. But one analyst says the stock isn't done clawing its way back from its lows.

These S&P 500 companies have also showed improving profit margins and free cash low this earnings season.

The memory-card supplier surges as part of a broad AI revival, bolstering hopes it could be about to end a dismal recent run.

Micron Technology, SanDisk and SK Hynix rose in overnight trading on Wednesday after CoreWeave's latest earnings strengthened confidence in demand for artificial intelligence computing, even as financing costs mount. Micron gained about 2.8%, Sandisk climbed 2.5% and a US-listed SK Hynix instrument advanced 4%.

SanDisk stock extended its sell-off and fell to its lowest level since April. It has dropped 65% from its highest point this year, and the decline has accelerated amid the ongoing artificial intelligence (AI) rout.

Memory stocks continued their recovery on Monday after last week's selloff, when artificial intelligence stocks suffered as Democrats wrestled control of the US House and Senate. Micron stock MU gained around 6% during the session, while SanDisk shares advanced 7%.

Micron and SanDisk stocks suffered heavy losses as investors fled artificial intelligence stocks, even as Apple's warning about soaring memory-chip prices suggested shortages were far from over. Micron shed roughly 22% last week, while SanDisk plunged 27.4%.