Sandisk Added to S&P 500; UPWK, FIBK, and HBI Included in S&P SmallCap 600
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 25 2025
0mins
Source: SeekingAlpha
Sandisk Joins S&P 500: Sandisk (SNDK) will replace The Interpublic Group of Companies (IPG) in the S&P 500 index effective November 28, 2025.
Changes in S&P SmallCap 600: PTC Therapeutics (PTCT) will take Sandisk's place in the S&P SmallCap 600 on the same date, while Upwork (UPWK) will replace Premier (PINC) due to an acquisition by Patient Square Capital.
First Interstate BancSystem Replacement: First Interstate BancSystem (FIBK) is set to replace Hanesbrands (HBI) in the S&P SmallCap 600 effective December 2, following Gildan Activewear's acquisition of Hanesbrands.
Recent Developments: The article also mentions recent results for First Interstate BancSystem and provides insights into Upwork's Analyst/Investor Day, along with updates on Sandisk and Interpublic Group of Companies.
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Analyst Views on SNDK
Wall Street analysts forecast SNDK stock price to fall
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 1478.690
Low
220.00
Averages
283.69
High
410.00
Current: 1478.690
Low
220.00
Averages
283.69
High
410.00
About SNDK
SanDisk Corporation is a developer, manufacturer and provider of data storage devices and solutions based on NAND flash technology and has consumer brands and franchises globally. The Company's solutions include a range of solid state drives (SSDs) embedded products, removable cards, universal serial bus (USB) drives, and wafers and components. Its broad portfolio of technology and products addresses multiple end markets of Datacenter, Edge and Consumer. Its Datacenter end market is composed primarily of products for public or private cloud environments and enterprise customers. The Company, through the Edge end market, provides original equipment manufacturer and channel customers a broad array of high-performance flash solutions across personal computer, mobile, gaming, automotive, virtual reality headsets, at-home entertainment, and industrial spaces. The Company serves the Consumer end market with a broad range of retail and other end-user products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sandisk Reports Strong Growth Amid AI Boom
- Significant Revenue Growth: Sandisk reported $5.95 billion in revenue for Q3 FY2026, marking a 97% sequential increase and a 251% year-over-year growth, with guidance suggesting a midpoint of $8 billion for Q4, indicating a 34.5% sequential growth.
- Sustained Market Demand: Despite the cyclical nature of the memory chip industry, CEO David Goeckeler indicated that the NAND flash memory market will remain undersupplied at least through 2027, providing strong support for the company's growth in the coming years.
- AI Industry Driving Growth: With Grand View Research projecting a 30.6% CAGR for the AI sector, Sandisk is poised to benefit from robust demand from tech giants like Amazon and Meta, who are investing heavily in memory chips to maintain a competitive edge.
- Investor Confidence Boosted: Sandisk's stock has surged nearly 4000% over the past year, reflecting strong market confidence in its growth potential, although investors should remain cautious of cyclical risks, the current demand trends present a favorable outlook for the company.
See More
Surge in Options Volume for Oracle and UPS
- Oracle Options Volume: Today, Oracle Corp's options volume reached 146,752 contracts, equivalent to approximately 14.7 million shares, indicating a trading activity level of 68.4% of its average daily volume over the past month, which may reflect market optimism about its future performance.
- High Call Option Activity: Among Oracle's options, the $210 strike call option stands out with 15,469 contracts traded today, representing about 1.5 million shares, suggesting investor confidence in a potential price increase in the future.
- UPS Options Dynamics: Concurrently, United Parcel Service Inc's options volume also showed strong activity at 44,955 contracts, equivalent to approximately 4.5 million shares, accounting for 68% of its average daily trading volume over the past month, indicating sustained market interest in UPS.
- UPS Call Option Popularity: Within UPS's options, the $107 strike call option saw a trading volume of 24,749 contracts, representing around 2.5 million shares, reflecting a positive outlook from investors regarding its growth potential.
See More
US Stock Indices Rally, Led by Technology Stocks
- Strong Market Performance: The S&P 500 Index rose by 0.81% and the Nasdaq 100 Index increased by 1.74%, reaching all-time highs, indicating robust market support for technology stocks, particularly amid falling crude oil prices and declining bond yields.
- Mixed Economic Data: The Chicago Fed National Activity Index rose to a 13-month high of 0.14, surpassing expectations, while the S&P Composite-20 home price index increased by only 0.83% year-on-year, below the expected 0.90%, suggesting weakness in the housing market that could impact future consumer confidence.
- Volatile Oil Market: WTI crude oil prices fell to a 2.5-week low due to progress in US-Iran peace talks, although US Central Command's strikes on Iranian targets caused market fluctuations, highlighting the ongoing geopolitical influence on energy markets.
- Earnings Season Insights: So far, 83% of the 475 S&P 500 companies have beaten earnings estimates, with Q1 earnings projected to rise by 12% year-on-year; however, excluding the technology sector, the increase is only 3%, reflecting pressure on overall economic growth.
See More
US Stocks Rally as Oil Prices Drop Amid Iran Talks
- Strong Market Performance: The S&P 500 index rose by 0.72% and the Nasdaq 100 by 1.42%, reaching all-time highs, reflecting market confidence in economic recovery, particularly against the backdrop of falling oil prices and declining bond yields.
- Oil Price Volatility: WTI crude oil prices fell to a 2.5-week low, dropping over 3% today, primarily influenced by progress in US-Iran peace talks, although military actions by US Central Command have added pressure to market sentiment.
- Mixed Economic Data: The Chicago Fed National Activity Index rose to a 13-month high of 0.14, exceeding expectations, while the S&P Composite-20 home price index increased by only 0.83% y/y, below the expected 0.90%, indicating weakness in the housing market.
- Earnings Reports: So far, 83% of the 475 S&P 500 companies have beaten earnings estimates, with Q1 earnings projected to rise by 12% y/y, but excluding the tech sector, the increase is only 3%, the lowest in two years, highlighting disparities across industries.
See More
Sandisk Stock Rises on Micron's Positive Outlook
- Market Sentiment Boost: Sandisk Corporation (SNDK) shares surged 8.6% to $136.42 by Tuesday morning, driven by improved sentiment in semiconductor stocks, particularly as Micron (MU) rose 17.12% to $1615.11, indicating strong demand for memory chips.
- Micron's Market Forecast: Mizuho reiterated its outperform rating on Micron with an $800 price target, predicting that the memory market will remain 30% to 50% undersupplied through 2026 and 2027, with high-bandwidth memory prices potentially soaring 70% to 100% next year due to AI growth.
- Sandisk's Competitive Edge: Although Sandisk primarily produces NAND flash memory, its High Bandwidth Flash (HBF) is also seeing rising demand, with Mizuho forecasting a contraction in NAND supply by 2027, suggesting that Sandisk can compete effectively in this market and benefit from Micron's positive news.
- Investment Recommendation Analysis: Despite Sandisk's price-to-earnings ratio being 50 times compared to Micron's 35 times, the current market dynamics favor purchasing Micron shares over Sandisk, indicating that in volatile markets, selecting more cost-effective investment options may be the wiser choice.
See More
Iren Expands Gigawatt Pipeline with Mirantis Acquisition
- Major Deal Secured: Iren has signed a five-year agreement worth $9.7 billion with Microsoft to provide 200 megawatts of capacity, which not only strengthens its position in the AI data center market but also sets the stage for higher-margin deals in the future.
- Acquisition Boosts Growth: The acquisition of software company Mirantis by Iren aims to enhance customer attraction and secure higher margins in the long run, further solidifying its competitive edge in the AI infrastructure sector.
- Revenue Forecast Raised: Iren anticipates achieving $3.7 billion in annual recurring revenue by year-end, indicating strong momentum in the market, especially as its 5-gigawatt pipeline becomes operational.
- Market Expansion Strategy: Iren's recent entry into the European market and plans to expand into the Asia-Pacific region demonstrate the implementation of its globalization strategy, aiming to leverage the growing demand for AI data centers to drive future business growth.
See More
Sandisk Reports Strong Growth Amid AI Boom
- Significant Revenue Growth: Sandisk reported $5.95 billion in revenue for Q3 FY2026, marking a 97% sequential increase and a 251% year-over-year growth, with guidance suggesting a midpoint of $8 billion for Q4, indicating a 34.5% sequential growth.
- Sustained Market Demand: Despite the cyclical nature of the memory chip industry, CEO David Goeckeler indicated that the NAND flash memory market will remain undersupplied at least through 2027, providing strong support for the company's growth in the coming years.
- AI Industry Driving Growth: With Grand View Research projecting a 30.6% CAGR for the AI sector, Sandisk is poised to benefit from robust demand from tech giants like Amazon and Meta, who are investing heavily in memory chips to maintain a competitive edge.
- Investor Confidence Boosted: Sandisk's stock has surged nearly 4000% over the past year, reflecting strong market confidence in its growth potential, although investors should remain cautious of cyclical risks, the current demand trends present a favorable outlook for the company.
See More
Surge in Options Volume for Oracle and UPS
- Oracle Options Volume: Today, Oracle Corp's options volume reached 146,752 contracts, equivalent to approximately 14.7 million shares, indicating a trading activity level of 68.4% of its average daily volume over the past month, which may reflect market optimism about its future performance.
- High Call Option Activity: Among Oracle's options, the $210 strike call option stands out with 15,469 contracts traded today, representing about 1.5 million shares, suggesting investor confidence in a potential price increase in the future.
- UPS Options Dynamics: Concurrently, United Parcel Service Inc's options volume also showed strong activity at 44,955 contracts, equivalent to approximately 4.5 million shares, accounting for 68% of its average daily trading volume over the past month, indicating sustained market interest in UPS.
- UPS Call Option Popularity: Within UPS's options, the $107 strike call option saw a trading volume of 24,749 contracts, representing around 2.5 million shares, reflecting a positive outlook from investors regarding its growth potential.
See More
US Stock Indices Rally, Led by Technology Stocks
- Strong Market Performance: The S&P 500 Index rose by 0.81% and the Nasdaq 100 Index increased by 1.74%, reaching all-time highs, indicating robust market support for technology stocks, particularly amid falling crude oil prices and declining bond yields.
- Mixed Economic Data: The Chicago Fed National Activity Index rose to a 13-month high of 0.14, surpassing expectations, while the S&P Composite-20 home price index increased by only 0.83% year-on-year, below the expected 0.90%, suggesting weakness in the housing market that could impact future consumer confidence.
- Volatile Oil Market: WTI crude oil prices fell to a 2.5-week low due to progress in US-Iran peace talks, although US Central Command's strikes on Iranian targets caused market fluctuations, highlighting the ongoing geopolitical influence on energy markets.
- Earnings Season Insights: So far, 83% of the 475 S&P 500 companies have beaten earnings estimates, with Q1 earnings projected to rise by 12% year-on-year; however, excluding the technology sector, the increase is only 3%, reflecting pressure on overall economic growth.
See More
US Stocks Rally as Oil Prices Drop Amid Iran Talks
- Strong Market Performance: The S&P 500 index rose by 0.72% and the Nasdaq 100 by 1.42%, reaching all-time highs, reflecting market confidence in economic recovery, particularly against the backdrop of falling oil prices and declining bond yields.
- Oil Price Volatility: WTI crude oil prices fell to a 2.5-week low, dropping over 3% today, primarily influenced by progress in US-Iran peace talks, although military actions by US Central Command have added pressure to market sentiment.
- Mixed Economic Data: The Chicago Fed National Activity Index rose to a 13-month high of 0.14, exceeding expectations, while the S&P Composite-20 home price index increased by only 0.83% y/y, below the expected 0.90%, indicating weakness in the housing market.
- Earnings Reports: So far, 83% of the 475 S&P 500 companies have beaten earnings estimates, with Q1 earnings projected to rise by 12% y/y, but excluding the tech sector, the increase is only 3%, the lowest in two years, highlighting disparities across industries.
See More
Sandisk Stock Rises on Micron's Positive Outlook
- Market Sentiment Boost: Sandisk Corporation (SNDK) shares surged 8.6% to $136.42 by Tuesday morning, driven by improved sentiment in semiconductor stocks, particularly as Micron (MU) rose 17.12% to $1615.11, indicating strong demand for memory chips.
- Micron's Market Forecast: Mizuho reiterated its outperform rating on Micron with an $800 price target, predicting that the memory market will remain 30% to 50% undersupplied through 2026 and 2027, with high-bandwidth memory prices potentially soaring 70% to 100% next year due to AI growth.
- Sandisk's Competitive Edge: Although Sandisk primarily produces NAND flash memory, its High Bandwidth Flash (HBF) is also seeing rising demand, with Mizuho forecasting a contraction in NAND supply by 2027, suggesting that Sandisk can compete effectively in this market and benefit from Micron's positive news.
- Investment Recommendation Analysis: Despite Sandisk's price-to-earnings ratio being 50 times compared to Micron's 35 times, the current market dynamics favor purchasing Micron shares over Sandisk, indicating that in volatile markets, selecting more cost-effective investment options may be the wiser choice.
See More
Iren Expands Gigawatt Pipeline with Mirantis Acquisition
- Major Deal Secured: Iren has signed a five-year agreement worth $9.7 billion with Microsoft to provide 200 megawatts of capacity, which not only strengthens its position in the AI data center market but also sets the stage for higher-margin deals in the future.
- Acquisition Boosts Growth: The acquisition of software company Mirantis by Iren aims to enhance customer attraction and secure higher margins in the long run, further solidifying its competitive edge in the AI infrastructure sector.
- Revenue Forecast Raised: Iren anticipates achieving $3.7 billion in annual recurring revenue by year-end, indicating strong momentum in the market, especially as its 5-gigawatt pipeline becomes operational.
- Market Expansion Strategy: Iren's recent entry into the European market and plans to expand into the Asia-Pacific region demonstrate the implementation of its globalization strategy, aiming to leverage the growing demand for AI data centers to drive future business growth.
See More
