SNDU is trading at $21.45, up 5.15% after SanDisk rebounded from the August 24 selloff, reflecting renewed confidence in NAND fundamentals amid AI-server demand, supply shortages, and rising memory prices.
- The decline followed reports that Apple might source memory from Chinese suppliers; no sourcing agreement has been announced.
- Broader markets were modestly higher, while Nvidia’s August 26 earnings remained the main technology-sector catalyst; the move appears primarily sector-driven rather than caused by a new SNDU-specific filing.