Why SanDisk (SNDK) rose 13.13% on August 4, 2026

SanDisk (SNDK) rose 13.13% on August 4, 2026 — Bezos-backed AI startup deal lifts memory demand hopes.

The broad AI memory sector rallied on a tech tailwind — memory stocks moved together as investor sentiment shifted, with SanDisk rising 13.1% alongside peers on renewed optimism in the semiconductor space.

Memory suppliers benefit from structural demand for AI compute and storage; sector-wide strength in days like this lifts all NAND and DRAM players as investors reprice the durability of capex cycles and margin recovery…

Within the AI Memory theme, SanDisk is a core beneficiary of the pivot away from brief oversupply fears — the near-term thesis now emphasizes pricing stabilization and capacity discipline among NAND leaders as AI…

If NAND spot prices resume their month-long decline or if hyperscalers signal slower capex, the sector relief trade could unwind and drag SanDisk back down.