TradingKey – On August 18 Eastern Time, SanDisk (SNDK) stock price fell back below $1,700, snapping a six-day winning streak.

According to the latest NAND Flash industry research report from TrendForce, AI server procurement momentum remained robust in the second quarter of 2026. In particular, strong demand for enterprise SSDs resulted in market-wide NAND Flash supply shortages, allowing original manufacturers to significantly raise average selling prices (ASP) through price negotiation mechanisms. Among listed NAND Flash brands, the top five manufacturers recorded a combined quarterly revenue increase of 77% to $68.87 billion.

However, among the top five NAND Flash brands in the second quarter, SanDisk ranked last in quarterly growth at…