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SanDisk Joins S&P 500, Shares Surge 22% Amid Flash Storage Demand

SanDisk Joins S&P 500, Shares Surge 22% Amid Flash Storage Demand

Author:

Global Cryptocurrency

Published:

2025-11-25 11:04:02

15

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BTCCSquare news:

SanDisk’s stock soared 22% after S&P Dow Jones Indices announced its inclusion in the S&P 500, replacing Interpublic Group effective November 28. The flash storage maker’s market cap now stands at $33 billion, a rapid ascent since its February spinoff from Western Digital.

Morgan Stanley upgraded SanDisk to Overweight with a $273 price target, citing 23% revenue growth to $2.31 billion last quarter. The MOVE reflects institutional confidence in data storage demand as exabyte shipments jumped 31%.

Western Digital’s 2016 acquisition of SanDisk for $15.6 billion has proven prescient. The spinoff’s performance underscores the value of focused semiconductor plays in an AI-driven market.

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