SanDisk (SNDK) will join the Russell 1000 Growth and Russell 3000E indexes effective June 29, 2026. This move occurs as part of the annual FTSE Russell US Indexes reconstitution. The rebalancing includes removing SanDisk from various value-oriented indexes.
The reclassification follows a 650% year-to-date surge in SanDisk’s share price. Growing demand for AI-related storage products fueled this market performance.
The move into large-cap growth benchmarks codifies the market's perception of the company. This change is expected to alter fund ownership and increase demand from passive and active growth-tracking funds.