Micron Technology (MU) and SanDisk (SNDK) have seen significant stock gains driven by rising demand for memory products in the AI infrastructure sector. Over the past month, Micron’s shares rose nearly 20%, while SanDisk’s increased by over 25%. Year-to-date, SanDisk’s stock has surged almost 700%, and Micron’s has increased by more than 270%, attributable to tight memory supply, escalating prices, and robust AI demand.
Micron projects its fiscal fourth-quarter revenue at approximately $50 billion, with an adjusted EPS of around $31. For the fiscal year 2026, the consensus estimate anticipates revenue of $129.71 billion, a 247% year-over-year rise. SanDisk expects Q1 2027 revenue between $10.3 billion and $10.8 billion, with FY27 revenue estimates at $49.25 billion, reflecting a 143% increase.
Both companies are benefiting from infrastructure spending related to major AI platforms and cloud providers. Micron’s diversified memory portfolio includes DRAM and NAND flash memory, while SanDisk focuses primarily on NAND flash storage. Despite their impressive rallies, both stocks remain attractively valued compared to broader technology benchmarks, trading at 6X and 8X forward earnings, respectively.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
