On August 13, SanDisk Corp. rose 3.44% in regular trading, trading at approximately $1,393.06/share, with turnover of $2.472 billion. The stock continued its upward momentum driven by the company's first-ever Investor Day since its split from Western Digital and ongoing NAND supply-demand catalysts.

On the news front, SanDisk held its inaugural post-separation Investor Day on August 13 (Eastern Time), with the market anticipating management guidance on the sustainability of approximately 80% contract gross margins and long-term AI storage growth trajectories. Additionally, Kioxia and SanDisk jointly launched a ninth-generation 2TB QLC 3D flash technology specifically targeting AI and data-intensive applications. Long-term supply agreements have now expanded to SanDisk and other second-tier manufacturers, fundamentally reshaping supplier pricing power across the memory value chain.

Within the Technology Hardware, Storage & Peripherals sector, peers also advanced broadly: Western Digital up 3.54%, Dell Technologies up 2.71%, Super Micro Computer up 5.45%, Hewlett Packard Enterprise up 4.07%, and Apple up 0.31%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)