SanDisk Stock Surges 6% to One-Month High as Memory Chip Stocks Spark Another Bullish Frenzy

TradingKey

Aug 17

TradingKey - Memory concept stocks continue their strong rally, with SanDisk leading gains by surging 6% to break through the $1,700 mark, hitting a one-month high.

On August 17 Eastern Time, memory chip stocks rose across the board in pre-market trading, with SanDisk (SNDK) performing the strongest, soaring about 6% to break through the $1,700 mark and set a new high since July 15. Meanwhile, Micron Technology (MU), SK Hynix (SKHY), and Western Digital (WDC) all rose about 4%, while Seagate Technology (STX) gained over 3%.

SanDisk stock price chart, Source: TradingView

Last Thursday (August 13), SanDisk released major positive news at its Investor Day, where management unveiled a financial blueprint targeting Non-GAAP gross margins of up to 80% by fiscal year 2030 and disclosed nearly $94 billion in long-term strategic NBM contracts. This stimulated a surge of nearly 14% in its stock price that day, while driving a collective rally in the memory chip sector, which has now logged gains for three consecutive trading days.

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Meanwhile, Micron Technology (</span><span>MU</span><span>), <a href=\"https://laohu8.com/S/HXSCL\">SK Hynix</a> (</span><span>SKHY</span><span>), and <a href=\"https://laohu8.com/S/WDCVV\">Western Digital</a> (</span><span>WDC</span><span>) all rose about 4%, while Seagate Technology (</span><span>STX</span><span>) gained over 3%.</span></p><p dir=\"ltr\"><img height=\"376\" src=\"https://resource.tradingkey.com/uploads/20260817/sandisk-sndk-price-cf54c9ab8e9848f89b761562c7b96ce5.png\" width=\"800\"/><span>SanDisk stock price chart, Source: TradingView</span></p><p dir=\"ltr\"><span>Last Thursday (August 13), SanDisk released major positive news at its Investor Day, where management unveiled a financial blueprint targeting Non-GAAP gross margins of up to 80% by fiscal year 2030 and disclosed nearly $94 billion in long-term strategic NBM contracts. This stimulated a surge of nearly 14% in its stock price that day, while driving a collective rally in the memory chip sector, which has now logged gains for three consecutive trading days.</span></p><p>Find out more</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SanDisk Stock Surges 6% to One-Month High as Memory Chip Stocks Spark Another Bullish Frenzy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSanDisk Stock Surges 6% to One-Month High as Memory Chip Stocks Spark Another Bullish Frenzy\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1041236214\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/e2a333e9d84c06e89a63420211f0f9bb);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">TradingKey </p>\n<p class=\"h-time\">2026-08-17 16:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p dir=\"ltr\"><span>TradingKey - Memory concept stocks continue their strong rally, with SanDisk leading gains by surging 6% to break through the $1,700 mark, hitting a one-month high.</span></p><p dir=\"ltr\"><span>On August 17 Eastern Time, memory chip stocks rose across the board in pre-market trading, with SanDisk (</span><span>SNDK</span><span>) performing the strongest, soaring about 6% to break through the $1,700 mark and set a new high since July 15. Meanwhile, Micron Technology (</span><span>MU</span><span>), <a href=\"https://laohu8.com/S/HXSCL\">SK Hynix</a> (</span><span>SKHY</span><span>), and <a href=\"https://laohu8.com/S/WDCVV\">Western Digital</a> (</span><span>WDC</span><span>) all rose about 4%, while Seagate Technology (</span><span>STX</span><span>) gained over 3%.</span></p><p dir=\"ltr\"><img height=\"376\" src=\"https://resource.tradingkey.com/uploads/20260817/sandisk-sndk-price-cf54c9ab8e9848f89b761562c7b96ce5.png\" width=\"800\"/><span>SanDisk stock price chart, Source: TradingView</span></p><p dir=\"ltr\"><span>Last Thursday (August 13), SanDisk released major positive news at its Investor Day, where management unveiled a financial blueprint targeting Non-GAAP gross margins of up to 80% by fiscal year 2030 and disclosed nearly $94 billion in long-term strategic NBM contracts. This stimulated a surge of nearly 14% in its stock price that day, while driving a collective rally in the memory chip sector, which has now logged gains for three consecutive trading days.</span></p><p>Find out more</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FSMD","symbol_name":"Fidelity Small-Mid Multifactor ETF","start_time":0,"source_url":"https://www.tradingkey.com/analysis/stocks/us-stocks/262111463-stock-ai-chip-sandisk-sndk-micron-mu-skhy-wdc-stx-tradingkey","article_id":"2660648519","we_media_id":"1041236214","thumbnails":["https://resource.tradingkey.com/uploads/20260130/SNDK-83d22ed5b6af4dba9b7bf44e95d80308.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2660648519","pubTimestamp":1786956189,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"TradingKey","introduction":"Your One-Stop Financial Markets Platform","home_visible":1,"id":"1041236214","head_image":"https://community-static.tradeup.com/news/e2a333e9d84c06e89a63420211f0f9bb"},"summary":"Memory stocks continued their strong rally, led by SanDisk, which surged 6% to break through the $1,700 mark and hit a one-month high.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FSMD":"Fidelity Small-Mid Multifactor ETF","SNDU":"2倍做多SNDK ETF-T-REX","SNXX":"2倍做多SNDK ETF-Tradr","LU1861215975.USD":"贝莱德新一代科技基金 A2","COWG":"Pacer US Large Cap Cash Cows Growth Leaders ETF","CNAV":"Mohr Company Nav ETF","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU0054578231.USD":"BGF SYSTEMATIC SUSTAINABLE GLOBAL SMALLCAP \"A2\" (USD) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","QQQG":"Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF","SCHA":"Schwab US Small-Cap ETF","SCHM":"Schwab U.S. Mid-Cap ETF","SNDK":"闪迪","FCUS":"PINNACLE FOCUSED OPPORTUNITIES ETF","SNDQ":"2倍做空SNDK ETF-Tradr","BK4170":"电脑硬件、储存设备及电脑周边","PTF":"Invesco Dorsey Wright Technology Momentum ETF","OPTZ":"Optimize Strategy Index Etf","DISK":"Tema Memory ETF","LU2063271972.USD":"富兰克林创新领域基金","TMSL":"T. 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Meanwhile, Micron Technology (MU), SK Hynix (SKHY), and Western Digital (WDC) all rose about 4%, while Seagate Technology (STX) gained over 3%.SanDisk stock price chart, Source: TradingViewLast Thursday (August 13), SanDisk released major positive news at its Investor Day, where management unveiled a financial blueprint targeting Non-GAAP gross margins of up to 80% by fiscal year 2030 and disclosed nearly $94 billion in long-term strategic NBM contracts. This stimulated a surge of nearly 14% in its stock price that day, while driving a collective rally in the memory chip sector, which has now logged gains for three consecutive trading days.Find out more","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}