markets

Matt Phillips11/18/25

Analyst: Sandisk a candidate for S&P 500 after surge

Despite having a rough day today as investors flee risky stocks, Sandisk has had a ridiculous run since it was spun off from its former parent, Western Digital, in February at a valuation of roughly $5 billion.

It’s now worth more than $30 billion, thanks to a more than 400% surge over the past three months alone.

The company makes a kind of chip known as NAND flash memory, which retains data when electrical power is turned off. That attribute made them a mainstay in battery-powered consumer products like phones and cameras.

But surging demand for data storage products related to the AI investment boom — which has supercharged shares of hard disk makers like Western Digital and Seagate Technology Holdings — has also pushed up prices for NAND flash chips, setting off the explosion in Sandisk shares.

In fact, TheStreet.com reports that analyst Melissa Roberts of brokerage firm Stephens is arguing in a note Tuesday that the price surge “makes Sandisk a natural candidate for promotion to the S&P 500 in the next round of index changes.” Inclusion in the index usually bumps a stock because index funds have to buy it.

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markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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