Sandisk and Micron shares have surged into price territory that historically triggers stock splits, with Sandisk trading just below $2,000 and Micron back above $1,000, putting both memory-chip makers in the same range that prompted Amazon, Alphabet and Nvidia to split their shares in recent years.
The price levels that matter
Sandisk started 2026 below $250 per share and climbed to just under $2,000 earlier this year, matching the level Amazon and Alphabet each topped before their 20-for-1 splits in 2022. Micron began the year under $300, briefly crossed $1,200, the threshold Nvidia cleared before its 10-for-1 split in June 2024, and has since retreated to just above $1,000. CrowdStrike split 4-for-1 near $800 this year, while Booking Holdings executed a 25-for-1 split above $4,000, showing the decision zone spans a wide band.
The growth backdrop
Both companies are still growing. Micron more than quadrupled revenue year over year in its fiscal 2026 third quarter, and Sandisk grew even faster in its fiscal 2026 fourth quarter. Each guided for high sequential growth. Memory-chip demand remains well ahead of supply, giving the makers pricing power and surging profits. Forward price-to-earnings ratios sit in the mid-single digits, and Wall Street analysts have 12-month targets implying further upside.
The hyperscaler precedent
The hyperscaler splits offer the cleanest reference points. Amazon and Alphabet moved at $2,000; Nvidia moved at $1,200. Sandisk has touched the first mark. Micron has touched the second. Neither company has signaled a split, but the rapid ascent, Sandisk nearly eightfold, Micron more than threefold in a single year, has placed them squarely in the conversation.
What to watch next
The source notes that while split discussion may be quiet for the rest of this year, more time at these levels can trigger the move. The next catalyst would be sustained trading above the precedents set by Amazon, Alphabet and Nvidia, combined with continued revenue momentum that keeps the shares from retreating.