---
title: "SanDisk Stock Surges 6% to One-Month High as Memory Chip Stocks Spark Another Bullish Frenzy"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296078971.md"
description: "SanDisk stock surged 6% to a one-month high of $1,700, leading a broader rally in memory chip stocks including Micron and Western Digital. This momentum follows positive news from SanDisk's Investor Day on August 13, where management outlined a target of 80% Non-GAAP gross margins by fiscal year 2030 and disclosed nearly $94 billion in long-term strategic contracts."
datetime: "2026-08-17T08:48:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296078971.md)
  - [en](https://longbridge.com/en/news/296078971.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296078971.md)
---

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

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.

Find out more

### Related Stocks

- [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md)
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- [MUD.US](https://longbridge.com/en/quote/MUD.US.md)
- [MULL.US](https://longbridge.com/en/quote/MULL.US.md)
- [MUYY.US](https://longbridge.com/en/quote/MUYY.US.md)
- [MUZ.US](https://longbridge.com/en/quote/MUZ.US.md)
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- [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md)
- [STX.US](https://longbridge.com/en/quote/STX.US.md)
- [WDCVV.US](https://longbridge.com/en/quote/WDCVV.US.md)

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