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A 40-year-old storage company just beat Mike Cannon-Brookes’ Atlassian

Sandisk enters the index with a market cap near $100 billion as Atlassian exits after its value fell to about $17 billion, analysts said.

Atlassian posted its strongest quarter ever, then got kicked out of the Nasdaq 100. The market has stopped rewarding software and started paying for storage.

4 Articles

Sydney Morning HeraldSydney Morning Herald
+3 Reposted by 3 other sources
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A 40-year-old storage company just beat Mike Cannon-Brookes’ Atlassian

Atlassian posted its strongest quarter ever, then got kicked out of the Nasdaq 100. The market has stopped rewarding software and started paying for storage.

·Sydney, Australia
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Sydney Morning Herald broke the news in Sydney, Australia on Monday, April 20, 2026.
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