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New York, May 8, 2026, 1:05 PM EDT SanDisk surged roughly 12% Friday, hitting a new intraday peak of $1,528 after shaking off Thursday’s dip. Investors poured back into the AI memory name. Shares last changed hands at $1,498.52, up $158.56 for the day. SanDisk’s role has shifted: it’s now seen as a high-beta play on the ongoing NAND flash memory shortage—the chips that sit inside phones, solid-state drives, and, more recently, inside the data centers powering AI. Demand is coming from AI applications managing massive files, codebases, and other heavyweight data, pushing what used to be a boom-bust storage

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