AI Stocks to Watch
Investors are optimistic about a potential rally for key artificial intelligence (AI) stocks, with Nvidia (NASDAQ: NVDA), Micron Technology (NASDAQ: MU), and Sandisk (NASDAQ: SNDK) projected to rise by over 30% before the end of 2026. Nvidia, currently valued at 25 times forward earnings, is expected to benefit from a projected 43% revenue growth in 2027, with earnings per share anticipated to increase from $9.00 to $12.89.
Both Micron and Sandisk are capitalizing on the current memory chip supply shortage, which has led to a significant increase in prices. Sandisk reported a staggering 372% year-over-year growth for its latest quarter, driven largely by price hikes. Micron predicts that the memory chip tightness will continue until at least 2028, setting the stage for continued demand and potential increases in stock value.
Nvidia anticipates over $1 trillion in data center capital expenditures in 2027, a considerable increase from $650 billion in 2026. This growth in investment is expected to positively affect all three stocks, making them strong candidates for well-timed investments before year-end.
5 Stocks Our Experts Predict Could Double In the Next Year
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