Sandisk Joins S&P 500, Shares Surge

Sandisk, the data storage company, has joined the S&P five hundred index, marking a significant milestone for the company. Following its spin-off from Western Digital in February, Sandisks stock has surged by over five hundred percent, driven by increasing demand for data storage, particularly in AI. The companys shares have seen a substantial boost, with a nearly eleven percent climb on Friday, pushing its market value past thirty-one billion dollars. Sandisks inclusion in the S&P five hundred is generally viewed positively by investors, often leading to increased stock purchases.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.