Sandisk will replace Interpublic in S&P 500 after Western Digital spin
Atmosphere at the Variety 2025 Power of Young Hollywood Party presented by SANDISK was held at the Four Seasons Los Angeles at Beverly Hills on August 07, 2025 in Beverly Hills, California.
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Flash storage vendor shares sandisk After the company was added to the S&P 500, there was a 7% increase in extended trading on Monday.
Sandisk’s addition to the benchmark list comes nine months after the company was broken up Western Digital. Sandisk will replace marketing company interpeoplebeing purchased by omnicomS&P Global said: expression.
It is the latest technology company to join the S&P 500, which derives a growing share of its value from its internet, software and semiconductor businesses. AppLovin, Datadog, Door Indicator And robinhood It became a member of the index at the beginning of this year.
Stocks tend to rebound when they are added to the gauge, as fund managers who track the S&P 500 must buy shares to reflect the changes.
Western Digital acquired Sandisk for $15.6 billion in 2016. In February, Western Digital spun off its Flash business, which now has a market value of about $33 billion, to Sandisk.
Sandisk sells fast storage drives for gaming PCs, digital cameras and security cameras, and is also trying to strike deals with large-scale data center builders. Income last quarter It increased by 23% to $2.31 billion. The company reported a 31% increase in the number of exabytes sold.
omnicom in December and announced plans to acquire Interpublic on Monday in question The deal received antitrust approval from the European Commission.
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