Movement Alert|SanDisk Corp. Intraday Rise 3.39%, Storage Stocks Rebounded on Expectations of Prolonged Tight Supply

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On November 9, SanDisk Corp. rose 3.39% in Regular Trading, trading at $873.46 per share, with turnover of $20.2 billion.

The move came as storage shares rebounded after recent volatility, with market attention still anchored on expectations that tight memory supply-demand conditions could extend through 2028 and beyond.

Recent sector reporting indicated that storage names had staged a sharp rebound after an earlier selloff, supported by views that supply remained constrained, customers were actively signing long-term supply agreements, and NAND and DRAM contract prices were still rising. SanDisk Corp. had also previously raised its next-quarter revenue outlook following its late-October earnings release, reinforcing the view that industry fundamentals had not materially weakened despite large swings in share prices.

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