Sandisk or CoreWeave: Billionaire Cliff Asness Snaps Up One AI Stock and Cuts the Other

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  "signal_type": "news",
  "signal_subtype": "recognized_as",
  "detected_at": "2026-09-21T01:31:03+00:00",
  "company": {
    "name": "Sandisk",
    "domain": "sandisk.com"
  },
  "data": {
    "url": "https://www.tipranks.com/news/sandisk-or-coreweave-billionaire-cliff-asness-snaps-up-one-ai-stock-and-cuts-the-other",
    "title": "Sandisk or CoreWeave: Billionaire Cliff Asness Snaps Up One AI Stock and Cuts the Other - TipRanks",
    "excerpt": "AI has opened up a wide playing field for investors seeking exposure to its rapid expansion. Chipmakers provide processors required for training complex models, while memory specialists supply storage capacity needed to handle vast quantities of information. Neocloud providers offer another route, building specialized computing infrastructure that gives developers access to GPU resources without requiring costly facilities of their own. Each niche offers exposure to a separate piece of this technological buildout, making portfolio moves by prominent investors particularly interesting. Among them is billionaire Cliff Asness, who has built his reputation within quantitative investing over more than three decades on Wall Street. After working at Goldman Sachs, he co-founded AQR Capital Management in 1998, which eventually became one of the world’s best-known quantitative hedge funds . Recently, AQR has made moves in opposite directions involving two stocks from those AI niches: Sandisk ( NASDAQ:SNDK ) and CoreWeave ( NASDAQ:CRWV ). Asness’ fund has been adding shares of one stock while trimming exposure to the other. Let’s take a closer look at both AI stocks and consider what could be driving Asness’ latest moves. Sandisk Sandisk occupies an important position within AI infrastructure, supplying NAND flash storage used in data centers where growing model sizes, longer context...",
    "summary": "Sandisk is set to be added to the S&P 100 index, replacing Colgate-Palmolive.",
    "planning": false,
    "image_url": "https://blog.tipranks.com/wp-content/uploads/2026/09/Cliff-Asness-SNDK-CRWV-750x406.jpg",
    "confidence": 0.9,
    "recognition": "addition to the S&P 100",
    "published_at": "2026-09-21T01:31:03Z",
    "effective_date": "2026-09-21",
    "article_sentence": "Sandisk also received another milestone earlier this month when S&P Dow Jones Indices announced its addition to the S&P 100, replacing longtime member Colgate-Palmolive before trading begins Monday, September 21."
  }
}

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curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
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