Markets
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J. Edward Moreno

Sandisk soars after news of Nasdaq 100 inclusion

Sandisk jumped sharply on Monday, following an announcement that Nasdaq would add the chipmaker to its benchmark, tech-heavy Nasdaq 100 index.

Come April 20, Sandisk will replace Atlassian in the index, which underpins millions of portfolios, the exchange announced Monday morning.

The stock was up 11% in afternoon trading, amid a broader rise in the Nasdaq and blue-chip stocks.

Sandisk is up more than 1,800% since August as soaring chip prices turned the long-forgotten company into one of the hottest AI trades.

Sandisk Corporation to Join the Nasdaq-100 Index® Beginning April 20, 2026 | Nasdaq, Inc.

Come April 20, Sandisk will replace Atlassian in the index, which underpins millions of portfolios, the exchange announced Monday morning.

The stock was up 11% in afternoon trading, amid a broader rise in the Nasdaq and blue-chip stocks.

Sandisk is up more than 1,800% since August as soaring chip prices turned the long-forgotten company into one of the hottest AI trades.

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Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

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markets
J. Edward Moreno

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.

Luke Kawa
7/2/26
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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Luke Kawa
7/1/26
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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