# Sandisk Stock Rallies on AI Chip Demand

> Sandisk shares jumped 6.4% after SK Hynix reported record AI chip revenue.
- Title: Sandisk Stock Rallies on AI Chip Demand · The Motley Fool
- Summary: Sandisk shares jumped 6.4% after SK Hynix reported record AI chip revenue. Sandisk stock rose 5.9% as SK Hynix's AI chip demand outlook boosted semiconductor…
- Keywords: sandisk, sk hynix, ai chips, semiconductor, stock rally, memory chips, snda, finance, money, Stock, Rallies, Chip
- Source: The Motley Fool — https://fool.com/investing/2026/10/28/why-sandisk-stock-rallied-today
- Author: Danny Vena, CPA
- Published: 2026-10-28T16:30:39+00:00
- Read time: 1 min
- Topics: sandisk, sk hynix, ai chips, semiconductor, stock rally, memory chips, snda, finance, money
## Sandisk Shares Jump
Sandisk stock rose 5.9% Wednesday after trading up 6.4% during the session.
## SK Hynix Reports Record Revenue
SK Hynix reported 104.6 trillion won in ai chip revenue, a 328% year over year surge.
## AI Chip Demand Outlook
SK Hynix predicts ai memory chip demand will outpace supply through 2030.

> Demand [is] expected to outpace supply through 2030
## Sandisk Valuation Strength
Sandisk trades at 19 times earnings despite 650% stock gain over the past year.
## Key takeaway

Sandisk stock rose 5.9% as SK Hynix's AI chip demand outlook boosted semiconductor stocks.