Why did SNDK stock rally on February 4?

Momentum followed a strong SanDisk earnings update and rising DRAM price expectations. Revenue rose 61% year over year to US$3.03B with gross margin at 51.1%, signaling better pricing and mix. Market chatter on tighter supply and AI device demand added fuel, lifting sentiment across memory names.

Is SNDK stock overbought now?

Short-term signals say yes. RSI is 76.26 and CCI 152.31, with ADX at 37.66 showing a strong trend. ATR at 27.91 points to higher daily swings. This setup supports staggered buys, tight stops, and careful position sizing until momentum cools or consolidates.

How should HK investors approach exposure?

Consider direct US trading in USD via global brokers, factoring FX costs and timing. Use staged entries due to volatility, and diversify with broader tech funds if single-name risk feels high. For thematic exposure, pair SNDK with select semiconductor equipment names to balance the memory cycle.

What should I watch next for SanDisk earnings?

Track DRAM and NAND ASPs, bit shipments, and gross margin versus 51.1%. Watch inventory and capex plans, plus signals from AI PCs and premium smartphones. A clear guide on demand and supply discipline will shape valuation and near-term direction for SNDK stock.

Global Market Insights

SNDK Stock Today: February 4 Rally on DRAM Hike Bets After Big Beat

ByDanny Kontos February 4, 2026February 4, 2026

SNDK stock rallied on February 4 after SanDisk’s blowout quarter and stronger DRAM price expectations tightened the memory outlook. SanDisk reported revenue up 61% year over year to US$3.03B with gross margin at 51.1%, signaling improving mix and pricing. For Hong Kong investors, the move reflects growing appetite for storage names tied to AI, PCs, and smartphones. SanDisk (SNDK) is drawing attention as investors weigh supply discipline, rising average selling prices, and the rotation from other memory peers.