Sandisk Corporation·Technology
NEW YORK, April 10, 2026 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced that Sandisk Corporation (Nasdaq: SNDK) will become a component of the Nasdaq-100 Index® (NDX®) replacing Atlassian Corporation (Nasdaq: TEAM) prior to market open on Monday, April 20, 2026. These updates are consistent with the current Nasdaq-100 Index® methodology, in effect through April 30, 2026.
Tim Bohen with @Stockstotrade closes out another trading week with three names tied to the tech trade. He highlights smaller names Aehr Test Systems (AEHR), to rising giants like SanDisk (SNDK) and Intel (INTC).
SanDisk (SNDK) is now a pure-play NAND story, with structural demand driven by AI and data centers reshaping its investment case. SNDK's forward valuation appears reasonable, with a forward P/E of ~19-20x and a PEG ratio of ~0.09, reflecting underappreciated growth. Supply discipline, product innovation (BiCS8, Stargate), and expanding hyperscaler relationships underpin the constructive outlook.
SanDisk Corp (NASDAQ: SNDK) shares are trading marginally lower Friday even after Bernstein lifted its target to $1,250, about 47% upside, and argued the NAND upcycle is being underestimated.
Google's TurboQuant algorithm is going to be a boon for the memory industry, setting these three stocks up for outstanding long-term growth.
Shares of SanDisk Corp (NASDAQ:SNDK) are surging this morning, last seen up 0.8% at $858.39, after Mizuho reiterated its "outperform" rating on the storage and memory stock.
