Brisbane Times
·general
·3 hours ago
A 40-year-old storage company just beat Mike Cannon-Brookes’ Atlassian
Atlassian was removed from the Nasdaq 100 and replaced by Sandisk, a hardware manufacturer, amid fears of AI vulnerabilities in software. Sandisk enters the index with a market cap of approximately $100 billion, while Atlassian exits with around $17 billion. Despite posting strong revenue, investors express concern over the evolving market dynamics affecting software companies.
Summary by Glance · Brisbane Times
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