Sandisk’s 1,000% Rally Gets Turbocharged by Nvidia CEO’s Remarks
Jensen Huang, chief executive officer of Nvidia Corp., speaks at CES 2026 in Las Vegas on Jan. 5.
Photographer: Bridget Bennett/BloombergSandisk Corp. shares jumped 28% Tuesday, their best performance since February, after Nvidia Corp. Chief Executive Officer Jensen Huang highlighted the need for memory and storage in comments at the CES tech conference.
The stock is on a tear, leaping more than 47% in the first three trading sessions of 2026 and soaring 1,080% since hitting a low on April 22. It was the best performer in the S&P 500 Index Tuesday, followed by memory and storage companies Western Digital Corp. and Seagate Technology Holdings Plc, both of which posted double-digit percentage gains.