On September 14, SanDisk Corp. fell 3.94% overnight, trading at $1567.5/share, extending a multi-session pullback. The decline was driven by Kioxia CEO Hiroo Ota's public warning that NAND prices have \"risen enough,\" with instructions to his sales team not to push for significant price increases with data center clients, directly capping near-term NAND repricing expectations.

Kioxia's NAND average selling price surged 70% quarter-over-quarter in the June quarter, following a prior-quarter increase exceeding 100%. Ota cautioned that excessive pricing could undermine data center operators' investment capacity and ultimately damage long-term AI and memory market growth. His stance formed a notable contrast with Goldman Sachs' bullish storage sector outlook and SanDisk management's own assessment at the Goldman Sachs technology conference that NAND supply would remain structurally tight amid expanding AI inference demand.

SanDisk shares have accumulated gains exceeding 400% year-to-date, having touched a $2,350 high in late June. The stock declined for three consecutive sessions last week as dense profit-taking combined with peaking NAND price expectations continued to weigh on sentiment.

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