Sandisk

Fueled by Alphabet’s AI advancements, tech stocks rallied, with Broadcom benefiting from its role in Alphabet’s custom AI chips. The Nasdaq saw its best day in six months. However, concerns exist about Alphabet’s potential dominance and its impact on market volatility. BlackRock’s Bitcoin ETF experienced record outflows. Sandisk will join the S&P 500. Diplomatic efforts involving Trump, Xi, and Takaichi are unlikely to immediately resolve tensions in Asia.

SanDisk shares surged 7% after-hours following its S&P 500 inclusion, replacing Interpublic. This highlights the growing importance of technology, particularly flash memory, in the market. SanDisk, spun off from Western Digital nine months prior, is targeting growth in gaming, cameras, security systems, and hyperscale data centers. Q3 revenues climbed 23% to $2.31B. Success depends on innovation amid competition from Samsung and Micron. The S&P 500 increasingly reflects the dominance of technology companies.

Sandisk Corporation (NASDAQ: SNDK) will present at the Mizuho Technology Conference on June 11, 2025, at 8:15 a.m. PT / 11:15 a.m. ET. A live webcast will be available on Sandisk’s Investor Relations website. An archived replay will be accessible after the presentation. Sandisk is a leader in flash solutions and memory technology, empowering individuals and businesses.