SNDK is trading 7.1% up today at $1,583.13 after being slated for inclusion in the Russell 1000 Growth Index, moving out of the Russell 1000 Value Index.
- The style reclassification follows a more than 500% year-to-date surge driven by AI-related demand for NAND flash and enterprise storage.
- The transition is expected to draw significant benchmark and passive index inflows on top of the stock's already strong momentum.