ATLAS News · Technology

SanDisk Shares Rally as CoreWeave Lifts AI Spending Outlook

Published November 11, 2026 · 6 sources

SanDisk (SNDK) climbed as CoreWeave raised its AI spending outlook and chip stocks rebounded, with Evercore backing a NAND upswing, outlets report.

What happened

SanDisk (SNDK) shares rose sharply on November 11 after CoreWeave raised its AI spending outlook, according to Blockonomi, NDTV Profit and BigGo Finance. NDTV Profit describes a broad rebound in chip stocks, with CoreWeave also moving higher.

Blockonomi reports that SanDisk's supply agreement with Solidigm and the company's upcoming split are drawing attention. StreetInsider links the move to AI demand and gains in memory prices.

BigGo Finance says Evercore backed an upswing in NAND, and FXLeaders cites NAND demand and CoreWeave's earnings as supports for SanDisk, while noting the stock faced resistance after reclaiming the $1,000 level.

Context

NAND is the type of flash memory used in data storage, and demand for it has been tied to the buildout of AI infrastructure.

Why it matters

The move shows how spending plans at AI infrastructure companies can feed through to memory and storage suppliers such as SanDisk.

Stocks in this story

Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.

SandiskSNDK

+13.69%

Technology · NASDAQ

Live price

$860.98▲ +13.69%

live price · USD

Close on November 11: $977.69+13.69% vs. previous close ($859.99)
Fair value (ATLAS): $2,436.46Fair range: $2,100.00 to $3,805.22The price ($860.98) is 64.7% below that figure.
Chance of a rise in 1 month: 43%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $661.21 and $1,003.67; 9 in 10, between $456.73 and $1,453.01.

See the full ATLAS analysis of Sandisk →

Closing prices, fair value and probabilities: ATLAS own data. How we calculate fair value.

Sources

ATLAS writes its own summaries from the reporting of these outlets. Each link opens the original publisher.

SanDisk (NASDAQ: SNDK) Stock Jumps as CoreWeave Raises Spending Outlook · Blockonomi · November 11, 2026
AI Trade Isn't Dead Yet: CoreWeave Rockets 15%, SanDisk Soars 11% As Chip Stocks Roar Back · NDTV Profit · November 11, 2026
Out of space before finals? 5 Sandisk storage upgrades built for campus life · Mashable · November 11, 2026
SanDisk stock jumps on AI demand, memory price gains · StreetInsider · November 11, 2026
SNDK Stock Reclaims $1,000 but Faces Resistance as NAND Demand and CoreWeave Earnings Support SanDisk · FXLeaders · November 11, 2026
SanDisk Shares Jump 16% as Evercore Backs NAND Upswing, CoreWeave Spending Lifts Chip Stocks · BigGo Finance · November 11, 2026

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