Sandisk Corporation (SNDK) shares rallied Friday, extending a period of sustained market growth.
The company is scheduled to join the S&P 100 index on September 21, 2026. This inclusion is expected to increase stock liquidity and demand through inflows from passive index-tracking funds.
Sector growth is supported by rising demand for flash-memory products. This trend is driven by cloud data center expansions for artificial intelligence infrastructure.
Management recently authorized a $14 billion share repurchase program to reinforce confidence in the company's outlook.