Micron and SanDisk Lead S&P 500 Stocks in Growth
In a standout year for stock growth, two major players in the memory market, Micron Technology (NASDAQ: MU) and SanDisk (NASDAQ: SNDK), have seen their stock prices soar, with Micron up over 300% and SanDisk providing returns of 1,000% in the past 12 months.
Micron generated a record $10.8 billion in DRAM revenue in Q1 2026, reflecting a year-over-year increase of 69%. The company sold out its high-bandwidth memory (HBM) supplies and anticipates a total addressable market for HBM to reach $100 billion by 2028, growing at a compound annual growth rate of 40%. Meanwhile, SanDisk’s revenue rose 61% year-over-year for Q2 2026, with expectations for Q3 revenue to increase over 50% sequentially.
