Sandisk Corporation (NASDAQ:SNDK) shares climbed around 4% on Monday after the company was confirmed for inclusion in the Nasdaq-100 Index.
Nasdaq said Sandisk will join the benchmark index ahead of the market open on April 20, 2026, replacing Atlassian Corporation (NASDAQ:TEAM).
Being added to the Nasdaq-100 often boosts demand for a stock, as funds and exchange-traded products that track the index are required to buy shares in line with its composition.
The Nasdaq-100 tracks the largest non-financial companies listed on the Nasdaq Stock Market and underpins a wide range of investment vehicles.