Sneakers out, storage in
Nike is leaving the S&P 100 on September 21 after losing roughly $230B in value since its 2021 peak, a drop of about 78%. Its replacement is SanDisk, up over 4,000% since its 2025 listing on the back of AI-driven NAND demand.
Explore Leverage Shares 3x SanDisk ETP, SND3.