Overview
- SanDisk began trading as an S&P 500 member on Nov. 28, posting an early gain of about 11% before paring much of it.
- The stock has risen more than 500% year to date following its February spinoff from Western Digital.
- Passive index trackers are expected to add shares to replicate the benchmark, reinforcing recent volume surges.
- Analysts cite robust NAND flash demand tied to AI and ongoing supply constraints as key drivers.
- The opening came after Omnicom completed its purchase of Interpublic, and SanDisk meets S&P criteria with a market value above $31 billion.