Micron, SanDisk Jump Up to 4.4% on FTSE Russell Shift to Growth Index

5 articles · Updated · Stocktwits · May 26

Micron rose 4.4% and SanDisk gained 3% in overnight trading after FTSE Russell proposed moving both memory-chip stocks from the Russell 1000 Value Index to the Growth Index.
The switch matters because ETFs and mutual funds tied to Russell classifications often rebalance holdings around index changes, creating fresh buying pressure ahead of the June 29 reconstitution.
FTSE Russell said the changes are still preliminary and will be finalized June 18; Western Digital and Seagate also climbed about 1.7% in sympathy.
AI-driven demand for memory chips has fueled the reclassification backdrop: SanDisk shares are up 523% this year, Micron 163%, and investors are betting shortages and pricing strength will persist.

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