Sandisk Stock Surges Ahead of S&P 100 Inclusion
Shares of Sandisk (NASDAQ: SNDK) surged as much as 7.8% on Friday, driven by its upcoming inclusion in the prestigious S&P 100 index starting September 21. This move is expected to trigger increased buying activity from major index and exchange-traded funds tracking the benchmark. Sandisk's recent financial performance has also been strong, with Q4 fiscal year 2026 revenue rising by 372% year-over-year to $8.97 billion and diluted earnings per share reaching $43.97—a significant improvement from a loss in the prior period. The company benefits from high demand for memory chips used in artificial intelligence applications. While inclusion in the S&P 100 brings prestige, long-term success will depend on Sandisk's ongoing financial performance and market conditions.
