SMH
·general
·2 hours ago
A 40-year-old storage company just beat Mike Cannon-Brookes’ Atlassian
Atlassian was removed from the Nasdaq 100 on Wednesday, marking a significant shift as it is replaced by Sandisk, a hardware manufacturer. Atlassian's market value plummeted to $17 billion, while Sandisk approaches $100 billion following a 2700 percent increase in its share price. Investors are now concerned AI will disrupt the software sector, making Atlassian's lead vulnerable.
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