SanDisk, Micron, and Alphabet have garnered significant investor interest following strong quarterly results and positive growth forecasts. SanDisk (SNDK) is experiencing a surge in demand related to AI infrastructure, with Zacks Consensus Sales estimates projecting $16.5 billion for its current fiscal year, a 120% increase year-over-year. Additionally, earnings are expected to grow by 1500% this fiscal year and an additional 170% in FY27.
Micron (MU) has also shown promise, particularly in the DRAM market, where tight supply is driving performance. The company forecasts a remarkable 200% year-over-year sales growth and a 600% increase in earnings for the current fiscal year. Future growth remains robust, with FY27 sales expected to climb nearly 60% alongside 65% earnings growth.
Meanwhile, Alphabet (GOOGL) reported a 62.7% year-over-year growth in Google Cloud, generating $20.0 billion, exceeding estimates significantly. The company’s strong quarterly performance, including a 90% earnings surprise, has contributed to its recent stock momentum. Together, these companies are poised to benefit from the ongoing AI boom.
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