Overview
- Nasdaq said SanDisk will replace Atlassian in the Nasdaq-100, a change that typically prompts automatic purchases by index funds like QQQ that mirror the benchmark.
- Analysts raised targets again, with Bernstein moving to $1,250 and outlining a bullish $3,000 scenario, while Jefferies lifted its view to $1,000 on stronger NAND flash pricing and AI data‑center demand.
- Shares set a record earlier this week after a near 10% jump on Wednesday to about $808, extending a one‑year run now reported between roughly 2,000% and 2,640%.
- SanDisk says its enterprise solid‑state drives used in AI servers are fully allocated well into 2026, and it is shoring up supply with a $1 billion stake in Taiwan’s Nanya Technology.
- The next test arrives with fiscal Q3 results on April 30, when investors will look for evidence that rising chip prices and tight supply are still lifting revenue and profit.