SanDisk Corporation (SNDK) Stock: S&P 500 Debut, AI Memory Shortage and 2026 Outlook
SanDisk shares closed at $223.28 on Nov. 28, up nearly 4% after joining the S&P 500. The stock has surged over 500% since its February 2025 spin-off from Western Digital, driven by AI demand for NAND flash. Market cap stands near $32.7 billion. Analysts and financial media highlighted SanDisk as one of the year’s top U.S. performers.