Sandisk Stock Pulls Back After Nasdaq-100 Boost as Evercore Sees $1,200 on AI Storage Demand
Sandisk shares eased about 2.2% to $932.01 by midday Tuesday, cooling off after Monday’s record-setting 11.8% surge to $952.50. Wall Street digested a new bullish call, but the stock had already been on a tear this year. Sandisk is set to take Atlassian’s spot in the Nasdaq-100 when trading begins April 20, a switch that could trigger fresh demand from index-tracking funds. Nasdaq says the benchmark backs more than 200 products, collectively holding upwards of $600 billion.
