Nasdaq announced SanDisk Corp will be added to the Nasdaq-100, replacing Atlassian Corp Plc effective April 20, 2026.
Inclusion reflects SanDisk’s market‑cap growth and its role in data‑storage and semiconductor sectors, boosting visibility and liquidity.
Over 200 index‑tracking funds, including the Invesco QQQ Trust with $600 bn AUM, are expected to buy SanDisk, prompting a pre‑inclusion rally.
Atlassian’s removal may trigger short‑term selling by passive funds amid a challenging valuation environment and a shift toward hardware‑focused AI infrastructure.