Micron Technology (MU) and Sandisk Corporation (SNDK) are experiencing remarkable stock growth, driven by surging demand for memory products in AI applications. As of 2026, Micron’s stock has risen nearly 700% to over $600 per share, while Sandisk’s stock jumped 4,000% to over $1,400 per share. Both companies are benefiting from tightened supply conditions and increased pricing power following severe supply shortages.
Micron’s DRAM prices have surged over 90% due to demand from AI servers, contributing to projected annual sales growth of 194% to $110.07 billion this year, and an anticipated 59% increase to $175.76 billion in FY27. Sandisk expects a 136% sales increase to $17.35 billion this fiscal year, with a further doubling projected in FY27. Their earnings per share are also set to skyrocket, with Micron expecting $58.37 and Sandisk forecasting $54.39 this year.
Despite their rapid stock appreciation, both Micron and Sandisk are considered reasonably valued, trading at less than 10X and about 23X forward earnings, respectively. Zacks Investment Research has ranked both companies as a “Strong Buy,” reflecting their sustained growth potential and long-term investment outlook.
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