SanDisk shares gained more than 3% in pre-market trading on November 2, 2026.
This followed a sharp sell-off on the previous Friday.
The stock had fallen nearly 13.5%.
This decline occurred despite SanDisk reporting record quarterly results.
The company also announced an 8-for-1 stock split.
Manufacturing partner Kioxia had issued a warning.
Kioxia cautioned that the AI-driven surge in NAND flash memory prices was fading.
Monday's recovery coincided with a broader rally in U.S. memory stocks.
However, Kioxia's shares plummeted in Tokyo trading.
This drop followed Kioxia's weak outlook.