The S&P 500’s next addition could be this red-hot tech stock

Cryptocurrency stockpiler Strategy might have an obstacle in its path to S&P 500 inclusion — in the form of an “elephant” currently residing in the S&P Small-Cap 600 index.

That’s Stephens analyst Melissa Roberts’s term for Sandisk

SNDK, the maker of storage devices whose red-hot stock in recent months has made it far bigger than any of its peers in the small-cap index.