Sandisk surges as Nvidia's Jensen Huang calls AI storage a huge new market

Jensen Huang said at CES on January 5 that AI data storage would likely become the largest storage market in the world, holding the working memory of AI systems. Sandisk shares soared in early trading on January 6, with about 4.1 million shares changing hands before 10 a.m. ET, more than three times the usual volume for that point in the session. The reaction shows how strongly the stock trades on AI memory demand narratives.

• Comment made at CES on January 5, 2026
• Shares soared in early trading on Tuesday, January 6
• About 4.1 million shares traded before 10 a.m. ET, over three times normal volume
• Remarks made at CES, where Nvidia's CEO spoke about AI storage demand