investment

Sandisk, Marvell Hit New Highs. Other Chip Stocks Nearing Buy Points.

PATRICK SEITZ

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Sandisk stock surged 11.8% to close at 952.50 on Monday after Nasdaq announced it will replace Atlassian in the Nasdaq 100 index starting April 20, 2026. Marvell Technology also hit a record high, joining Sandisk in leading chip stock gains as the sector showed strong momentum. Other semiconductor stocks neared key buy points, signaling broader investor confidence in the chip industry amid geopolitical and AI-driven demand. The Nasdaq 100 inclusion follows Sandisk’s strong performance, reflecting its growing influence in memory and storage solutions for AI and data centers. Geopolitical tensions, including U.S.-China tech discussions and Middle East warnings, added volatility but didn’t dampen the chip sector’s upward trajectory.

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REEAKING: Why Bloom Energy Is Soaring LateSandisk (SNDK) and Marvell Technology (MRVL) hit record highs on Monday while other chip stocks approached buy points. Sandisk stock surged on news that it will join the Nasdaq 100 index on April 20, replacing enterprise software firm Atlassian (TEAM). Nasdaq announced the change late Friday. On the stock market today, Sandisk stock rocketed 11.8% to close at 952.50. Earlier… 4/13/2026 Dow Jones Futures: President Trump warned Iran to stay away from the U.S. blockade on the Strait of Hormuz. Sandisk... 4/13/2026 Dow Jones Futures: President Trump warned Iran to stay away... AI and Taiwan will be on the agenda when President Donald Trump meets with Chinese leader Xi Jinping in Beijing in May. (© Chris Gash)Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20!Get market updates, educational videos, webinars, and stock analysis.Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content.Information in Investor’s Business Daily is for informational and educational purposes only and should not be construed as an offer, recommendation, solicitation, or rating to buy or sell securities. The information has been obtained from sources we believe to be reliable, but we make no guarantee as to its accuracy, timeliness, or suitability, including with respect to information that appears in closed captioning. Historical investment performances are no indication or guarantee of future success or performance. Authors/presenters may own the stocks they discuss. We make no representations or warranties regarding the advisability of investing in any particular securities or utilizing any specific investment strategies. Information is subject to change without notice. For information on use of our services, please see our Terms of Use.*Real-time prices by Nasdaq Last Sale. Real-time quote and/or trade prices are not sourced from all markets. Ownership data provided by LSEG and Estimate data provided by FactSet.IBD, IBD Digital, IBD Live, IBD Weekly, Investor's Business Daily, Leaderboard, MarketDiem, MarketSurge and other marks are trademarks owned by Investor's Business Daily, LLC.©2026 Investor’s Business Daily, LLC.

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