SNDK is trading 10.4% up at $1,632.17 after being slated for inclusion in the Russell 1000 Growth Index and removal from the Russell 1000 Value Index.
- The reclassification is drawing significant demand from index and quant funds as passive flows and style-rotation investors reposition around the new growth status.
- The move builds on a more than 500% year-to-date surge tied to AI-driven demand for NAND flash and enterprise storage, with todayβs momentum amplified by passive fund flows.