Why did SanDisk stock surge 1,100% in 6 months? - Jensen Huang called storage the “largest unserved market” at CES 2026. - The technical reason is that LLMs generate massive KV caches. The new Nvidia Rubin architecture can directly offload cache to SSDs (bypassing the CPU). - Jensen revealed that a single Nvidia NVL72 Rack requires 1.1 Petabytes of high-speed NAND flash to run efficiently. - SanDisk’s spin-off in early 2025 decoupled it from its legacy hard drive (HDD) business, allowing the market to view it as a high-growth AI stock. - AI-generated video is about to explode, and every cloud and datacenter is racing to secure far more storage. The AI capex waterfall is becoming obvious: GPU → RAM → SSD