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Zacks Value Trader Highlights: NVIDIA, Micron Technology and Sandisk
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For Immediate Release
Chicago, IL – May 18, 2026 – Zacks Value Trader is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: https://www.zacks.com/stock/news/2921661/the-cheapest-ai-stocks-right-now)
The Cheapest AI Stocks Right Now
Welcome to Episode #440 of the Value Investor Podcast.
(0:30) - AI Value Trade: Where Should You Be Looking To Invest?
(6:30) - Tracey's Top Stock Picks To Keep On Your Radar Right Now
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks.
The AI Revolution stock rally is in full swing, with the major indexes hitting new all-time highs daily. This has left many value investors with the feeling that it's too late for them to buy any of these stocks. They reason that valuations are too high now.
But is that true?
Can You Screen for Cheap AI Stocks?
Tracey set out to find the cheapest AI Revolution stocks you could buy right now on a fundamental value basis. That is using metrics like the price-to-earnings (P/E) ratio, the price-to-sales (P/S) ratio, or the PEG ratio.
After the big run of the last 2 years, the P/S ratios of these stocks are stretched. But thanks to rising earnings, the P/E ratios of several companies look attractive.
There's no screen you can run to find the cheapest AI Revolution stocks. You just have to check out some of your favorites and hope you find some attractively priced stocks.
Never fear value investors, there are cheap AI stocks out there. But you aren't going to get your dream of low classic valuations and no one on the Street talking about it. That doesn't exist anymore.
Remember, buy the business. And get those earnings as cheap as possible.
I know what you're thinking. NVIDIA is cheap? Shares of NVIDIA are hitting new all-time highs, gaining 26.4% year-to-date. But it has fantastic fundamentals.
Earnings are expected to jump 70.4% in fiscal 2027 on sales growth of 65.7%. That's coming on top of earnings growth of 59.5% last fiscal year.
Yet NVIDIA still trades with an attractive P/E ratio. It is trading at 27.8x forward earnings. That's under Mag 7 peers and under its historic average which has been closer to 40x.
NVIDIA also has a low PEG ratio of just 0.7. A PEG ratio under 1.0 usually indicates a company has both growth and value.
Should value investors be buying NVIDIA right now?
Micron has been one of the best AI Revolution stock performers of the last year. Shares are up 714% in that time, while adding 66.7% over the last month.
Yet Micron is cheap on a forward P/E basis. It trades at just 13.8x, which makes it a true value stock as a P/E ratio under 15 is considered a value.
How can Micron be so cheap when shares are soaring? Earnings are soaring too, with earnings expected to jump 605% in 2026 after surging 538% in 2025.
You'll pay up for those sales, however, but they're expected to grow 194.3% this year.
Should value investors consider buying shares of Micron right now?
Sandisk is a technology company delivering Flash solutions and advanced memory technologies. In the last year, shares of Sandisk have soared 3,197%. How can it be cheap?
Sandisk trades with a forward P/E of just 22. While that's not as cheap as Micron, it's certainly cheaper than many other AI Revolution stocks, including those on the infrastructure side.
Earnings are expected to soar 2,077% this year and another 172.9% in 2027. Revenue is also catapulting higher. It's expected to rise 153% in 2026.
Should value investors consider buying shares of Sandisk right now?
What Else Should You Know About Cheap AI Stocks?
Tune into this week's podcast to find out.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.
Today you can access their live picks without cost or obligation.
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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Zacks Value Trader Highlights: NVIDIA, Micron Technology and Sandisk
For Immediate Release
Chicago, IL – May 18, 2026 – Zacks Value Trader is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: https://www.zacks.com/stock/news/2921661/the-cheapest-ai-stocks-right-now)
The Cheapest AI Stocks Right Now
Welcome to Episode #440 of the Value Investor Podcast.
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks.
The AI Revolution stock rally is in full swing, with the major indexes hitting new all-time highs daily. This has left many value investors with the feeling that it's too late for them to buy any of these stocks. They reason that valuations are too high now.
But is that true?
Can You Screen for Cheap AI Stocks?
Tracey set out to find the cheapest AI Revolution stocks you could buy right now on a fundamental value basis. That is using metrics like the price-to-earnings (P/E) ratio, the price-to-sales (P/S) ratio, or the PEG ratio.
After the big run of the last 2 years, the P/S ratios of these stocks are stretched. But thanks to rising earnings, the P/E ratios of several companies look attractive.
There's no screen you can run to find the cheapest AI Revolution stocks. You just have to check out some of your favorites and hope you find some attractively priced stocks.
Never fear value investors, there are cheap AI stocks out there. But you aren't going to get your dream of low classic valuations and no one on the Street talking about it. That doesn't exist anymore.
Remember, buy the business. And get those earnings as cheap as possible.
The Cheapest AI Stocks Right Now
1. NVIDIA Corp. (NVDA - Free Report)
I know what you're thinking. NVIDIA is cheap? Shares of NVIDIA are hitting new all-time highs, gaining 26.4% year-to-date. But it has fantastic fundamentals.
Earnings are expected to jump 70.4% in fiscal 2027 on sales growth of 65.7%. That's coming on top of earnings growth of 59.5% last fiscal year.
Yet NVIDIA still trades with an attractive P/E ratio. It is trading at 27.8x forward earnings. That's under Mag 7 peers and under its historic average which has been closer to 40x.
NVIDIA also has a low PEG ratio of just 0.7. A PEG ratio under 1.0 usually indicates a company has both growth and value.
Should value investors be buying NVIDIA right now?
2. Micron Technology, Inc. (MU - Free Report)
Micron has been one of the best AI Revolution stock performers of the last year. Shares are up 714% in that time, while adding 66.7% over the last month.
Yet Micron is cheap on a forward P/E basis. It trades at just 13.8x, which makes it a true value stock as a P/E ratio under 15 is considered a value.
How can Micron be so cheap when shares are soaring? Earnings are soaring too, with earnings expected to jump 605% in 2026 after surging 538% in 2025.
You'll pay up for those sales, however, but they're expected to grow 194.3% this year.
Should value investors consider buying shares of Micron right now?
3. Sandisk Corp. (SNDK - Free Report)
Sandisk is a technology company delivering Flash solutions and advanced memory technologies. In the last year, shares of Sandisk have soared 3,197%. How can it be cheap?
Sandisk trades with a forward P/E of just 22. While that's not as cheap as Micron, it's certainly cheaper than many other AI Revolution stocks, including those on the infrastructure side.
Earnings are expected to soar 2,077% this year and another 172.9% in 2027. Revenue is also catapulting higher. It's expected to rise 153% in 2026.
Should value investors consider buying shares of Sandisk right now?
What Else Should You Know About Cheap AI Stocks?
Tune into this week's podcast to find out.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.
Today you can access their live picks without cost or obligation.
See Stocks Free >>
Tracey Ryniec is the Value Stock Strategist for Zacks.com. She is also the Editor of the Insider Trader and Value Investor services. You can follow her on twitter at @TraceyRyniec and she also hosts the Zacks Market Edge Podcast on iTunes.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros.
Follow us on Twitter: https://twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch/
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
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support@zacks.com
https://www.zacks.com/performance
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.