Key Points
Sandisk (NASDAQ: SNDK) has become the best-performing stock in the S&P 500 for 2026, soaring 580%, significantly outperforming the next highest performers, which are up just over 200%.
Micron Technology (NASDAQ: MU) and Nvidia (NASDAQ: NVDA) are also highlighted as promising investments amidst ongoing demand for memory chip production, crucial for data centers. Both companies are experiencing a market supply crunch that is expected to persist, with Micron’s management forecasting a tight market at least through 2027.
Nvidia’s revenue surged 85% last quarter, with expected growth nearing 100% next quarter. Despite trading at just 23.7 times forward earnings — below its historical range of 30-40 — the company is well-positioned to capitalize on the expanding AI data center market.
5 Stocks Our Experts Predict Could Double In the Next Year
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