SanDisk has joined the S&P 500 after sturdy AI-driven progress. Technique missed out once more due to earnings volatility linked to Bitcoin.
Technique continues to chase its place contained in the S&P 500, but the corporate has confronted one other spherical of disappointment.
SanDisk is ready to enter the index later this month, whereas Technique stays excluded due to its unstable earnings tied to Bitcoin. The distinction between the 2 firms exhibits how briskly the index committee acts on sturdy efficiency and the way cautious it stays round corporations centred on digital belongings.
SanDisk Joins the S&P 500 After Robust Development
SanDisk is ready to interchange Interpublic Group within the S&P 500 on November 28. The change arrived throughout a brief vacation buying and selling week, and this timing stands out as a result of the committee normally waits for its quarterly rebalancing cycle.
The early transfer thus signifies confidence in SanDisk’s outcomes.
THE S&P 500 IS REBALANCING
Sandisk $SNDK will likely be changing Interpublic Group $IPG within the S&P 500 efficient earlier than the markets open on November twenty eighth pic.twitter.com/5zp5KFf6qH
— Evan (@StockMKTNewz) November 24, 2025
The corporate’s sturdy rise additionally got here from rising demand for storage {hardware} that helps AI techniques. Extra companies now practice and run giant fashions that rely on regular storage efficiency and SanDisk rode that wave to achieve a market worth of about $33 billion.
This measurement not match the S&P SmallCap 600, making the change a pure step.
SanDisk gained greater than 13% through the announcement day. It additionally jumped in after-hours buying and selling. The surge confirmed how a lot consideration flows towards corporations that profit from AI progress.
Shifting into the S&P 500 brings extra exercise from index funds. These funds purchase shares of any firm that joins the index and this raises liquidity, placing the corporate in entrance of extra institutional buyers.
Many corporations that monitor the index don’t maintain small caps, so SanDisk has now entered a bigger funding universe.
The committee has made uncommon timing choices earlier than. It has generally skipped adjustments for a whole quarter. On this case, the sturdy motion round AI infrastructure pushed SanDisk to the entrance of the road.
The change additionally exhibits how versatile the committee could be when firms get away of decrease index ranges sooner than anticipated.
Associated Studying: Saylor’s Technique Is Nonetheless In Line For S&P 500 Itemizing, Matrixport Says
Technique Faces One other S&P 500 Delay
Technique hoped to affix the index this 12 months. As an alternative, it should wait once more.
The corporate presently holds greater than $640,000 Bitcoin, value greater than $72 billion. This place units Technique other than each different giant public firm. But this similar characteristic creates issues for its index approval.
The S&P 500 requires 4 straight quarters of constructive earnings. The technique met many technical guidelines however continues to wrestle with constant outcomes. It is because its earnings presently transfer with Bitcoin costs, so every quarter seems to be very completely different from the final.
Michael Saylor’s firm Technique obtained snubbed from the S&P 500 once more, regardless of assembly the same old standards. Analysts level to earnings volatility and its heavy Bitcoin publicity as deal breakers. #MSTR #CryptoTreasury pic.twitter.com/px6QG30k6g
— Dreamboat (@Dreamboat_id) November 25, 2025
The corporate posted $3.8 billion in revenue throughout Q3. But earlier quarters confirmed heavy swings. Q2 produced heavy positive factors from Bitcoin value progress, whereas Q1 confirmed a loss.
The index committee pays shut consideration to this kind of instability. It additionally seems to be at a agency’s enterprise variety.
Technique’s concentrate on Bitcoin creates a slim mannequin.
The corporate nonetheless sells enterprise software program, but most of its consideration goes to its Bitcoin place. The committee famous this throughout assessment and stored Technique out of the index once more.
As of writing, the corporate carries a B minus credit standing from S&P Dow Jones Indices. The ranking cites excessive Bitcoin publicity, low greenback liquidity and a construction constructed round one asset as causes for this ranking.
Consequently, these elements make Technique very completely different from the regular performers that normally fill the S&P 500.