SanDisk jumped approximately 10.2% in after-hours trading to about $2,110 following Micron’s fiscal Q3 revenue of $41.46 billion, which topped estimates by 16.2%. This surge recovers losses from a prior 12.4% sell-off and lifts SanDisk to a 3,952% gain from its 52-week low of $40.10.
SanDisk shares surged about 10.2% to roughly $2,110 in after-hours trading following Micron’s record fiscal Q3 results, reflecting renewed investor optimism in memory-chip demand. The move reversed earlier losses and highlighted SanDisk’s sensitivity to broader semiconductor earnings.
On Tuesday, SanDisk plunged 12.4% amid a sector-wide selloff driven by concerns over AI spending, with losses intensifying to session lows before Micron’s earnings shifted sentiment. The stock’s 52-week low of $40.10 now stands in stark contrast to its after-hours price.
The rally mirrors a memory supply crunch driving higher chip prices as data-center AI deployments tighten inventories, powering a steep re-rating across the cohort. Investors will scrutinize upcoming Q4 guidance for HBM4 pricing signals and indications of whether elevated margins can persist.
