SanDisk Shares Jump on Report of Potential 3D NAND Price Doubling

SanDisk shares surged after a report said the company could sharply raise prices for its high-capacity 3D NAND used in enterprise solid-state drives, reflecting tightening supply and accelerating demand from data centers and AI workloads.

According to SanDisk, the price of certain enterprise-grade 3D NAND products could rise by more than 100% quarter-on-quarter in the March period, Nomura Securities analysts told Tom's Hardware. The report noted that while the increase is focused on high-capacity enterprise NAND, the impact on mainstream client-device flash pricing remains unclear.

Channel checks suggest memory suppliers are continuing to push prices higher, with enterprise NAND seeing the most aggressive hikes. Nomura attributed the trend to near-term supply constraints and strong mid-term demand growth, driven largely by AI infrastructure build-outs and evolving storage architectures.

One key demand driver cited is Nvidia’s Inference Context Memory Storage Platform, which uses the BlueField-4 DPU paired with a 512GB SSD to store key-value cache data—boosting the need for high-performance enterprise storage.

SanDisk did not immediately respond to media queries. Still, the market reacted swiftly: SanDisk shares jumped about 11%, while other memory and storage stocks also gained. Micron rose roughly 4%, Seagate Technology climbed nearly 5%, and Western Digital added around 3%.

The rally follows earlier reports that Samsung Electronics and SK hynix are considering price increases of up to 70% for server memory in the first quarter, underscoring how AI-driven demand is tightening global memory supply.