As reported by Bijiwang, Sandisk's AI-driven surge has positioned it as a top contender for the next SP 500 index inclusion, potentially overshadowing MicroStrategy (MSTR). Sandisk, a Western Digital spin-off focused on NAND flash and SSDs, has seen its stock rise by 515% in three months, reaching a $40 billion market cap. Stephen's analyst Melissa Roberts noted that Sandisk now dominates the S&P SmallCap 600 index, with a 2.6% weighting and no other component exceeding $11 billion in market cap. She argues this makes Sandisk a natural candidate for promotion to the SP 500. Meanwhile, MicroStrategy, despite meeting quantitative criteria, was excluded in September, raising questions about the index's stance on crypto-driven valuations. The next SP 500 rebalancing is scheduled for December 19.
Wall Street Veteran Warns MicroStrategy May Miss SP500 Inclusion Again
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