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Nasdaq announced that SanDisk will replace software services giant Atlassian before the market opens on April 20 and be officially included in the Nasdaq 100 Index. This adjustment marks SanDisk's entry into the list of the 100 largest non-financial companies listed on Nasdaq. Benefiting from the supercycle of memory chips amid the AI boom, SanDisk's stock price has surged by over 200% year-to-date and more than 2500% over the past year, reaching a market capitalization of $125.7 billion. SanDisk's financial report for the second quarter of fiscal year 2026 showed a 61% year-on-year increase in revenue and a 672% year-on-year increase in net profit. Market observers believe that this adjustment reflects the capital market's recognition of SanDisk's core position in the global data storage and semiconductor sectors.
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