Why Sandisk Stock Popped Again Today

SanDisk stock surged 6.4% after Reuters reported the company secured a multi-year contract to supply NAND flash memory to Meta Platforms. The deal ties directly into Meta's AI infrastructure expansion, which carries a reported price tag of up to $145 billion this year.

The agreement positions SanDisk as a key hardware supplier in Meta's massive AI buildout, lending the memory maker exposure to one of the largest capital expenditure cycles in tech. Meta's spending spree is also lifting Broadcom and Taiwan Semiconductor Manufacturing, both of which posted gains on the same news cycle.

NAND flash memory serves as critical storage infrastructure for AI training and deployment, and Meta's commitment signals sustained demand for high-capacity memory solutions. The multi-year structure of the deal offers SanDisk revenue visibility beyond the current quarter, a factor that likely drove the stock's rally.

The $145 billion figure underscores the scale of Meta's AI ambitions and suggests continued procurement across multiple chip and memory suppliers. SanDisk's ability to land a named slot in this buildout validates its positioning in the enterprise memory market.