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The Zacks Analyst Blog Highlights NVIDIA, Sandisk and Micron
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For Immediate Release
Chicago, IL – June 2, 2026 – Zacks.com announces the list of stocks and featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: NVIDIA Corp. (NVDA - Free Report) , Sandisk Corp. (SNDK - Free Report) and Micron Technology (MU - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
2 AI Memory Stocks Outperforming NVIDIA, with Big Upside Ahead
Despite a boom in artificial intelligence (AI), NVIDIA Corp. saw modest gains over the past year, as most of its solid quarterly performance was already priced into the stock. Investors remained concerned about China-related export curbs and their potential impact on profit margins.
NVIDIA’s shares gained 53.7% in the past year. However, two AI memory stocks — Sandisk Corp. and Micron Technology — delivered stronger returns, skyrocketing 4440.6% and 889%, respectively. While an increase in demand for high-capacity NAND storage is benefiting Sandisk, surging demand for high-bandwidth memory (“HBM”) chips is boosting Micron.
Let’s thus look in detail at why these two AI memory plays have surged and why their momentum may be far from over –
Sandisk Rides AI Data Center Demand and Strong Pricing Power
Sandisk posted revenues of $5.95 billion in the fiscal third quarter, up 97% sequentially and way more than the company’s guidance, according to investor.sandisk.com. As the company shifted its focus to high-value customers in the rapidly expanding data center segment, its revenue growth improved.
Strong pricing power across its product portfolio has also boosted the top-line performance. In particular, the increase in AI data center demand for memory products amid supply constraints has benefited Sandisk and is expected to remain a key growth driver in the long run.
Meanwhile, Sandisk is involved in making multi-year, high-value relationships through its New Business Model (“NBM”) agreements. These partnerships are expected to strengthen customer retention, enhance revenue visibility and boost profitability. Sandisk concluded three NBM agreements in the fiscal third quarter and added two more in the next three months, indicating growing customer commitment for its products.
Sandisk projects revenues between $7.75 billion and $8.25 billion for the fiscal fourth quarter, along with non-GAAP earnings per share (EPS) of $30 to $33, up from $23.41 in the fiscal third quarter, indicating continued sequential growth momentum.
On the technical front, Sandisk’s shares are trading well above the long-term 200-day moving average (“DMA”) and the short-term 50-DMA, reflecting an uptrend.
Micron Rides AI Memory Shortage and Strong HBM Demand
Micron recently surpassed a $1 trillion market value, as persistent AI-driven demand has triggered a global memory supply shortage, boosting Micron’s pricing power and supporting the company as demand continues to outstrip supply.
Due to an increase in investments in AI infrastructure by hyperscalers, Micron witnessed incessant demand for its cutting-edge HBM chips. These chips are sought after since they can manage complex workloads proficiently while utilizing less power.
Given the tight supply of HBM chips, which is expected to persist throughout this year, the resulting demand-supply imbalance is likely to help Micron increase prices, supporting its long-term growth outlook.
Micron expects revenues of $33.5 billion in the fiscal third quarter, up from $23.86 billion in the fiscal second quarter, according to investors.micron.com. The company also projects a strong gross margin of around 81% for the fiscal third quarter, reflecting solid financial momentum.
From a technical standpoint, Micron’s shares are currently trading well above both the 200-DMA and 50-DMA, signaling a sustained uptrend.
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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/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights NVIDIA, Sandisk and Micron
For Immediate Release
Chicago, IL – June 2, 2026 – Zacks.com announces the list of stocks and featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: NVIDIA Corp. (NVDA - Free Report) , Sandisk Corp. (SNDK - Free Report) and Micron Technology (MU - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
2 AI Memory Stocks Outperforming NVIDIA, with Big Upside Ahead
Despite a boom in artificial intelligence (AI), NVIDIA Corp. saw modest gains over the past year, as most of its solid quarterly performance was already priced into the stock. Investors remained concerned about China-related export curbs and their potential impact on profit margins.
NVIDIA’s shares gained 53.7% in the past year. However, two AI memory stocks — Sandisk Corp. and Micron Technology — delivered stronger returns, skyrocketing 4440.6% and 889%, respectively. While an increase in demand for high-capacity NAND storage is benefiting Sandisk, surging demand for high-bandwidth memory (“HBM”) chips is boosting Micron.
Let’s thus look in detail at why these two AI memory plays have surged and why their momentum may be far from over –
Sandisk Rides AI Data Center Demand and Strong Pricing Power
Sandisk posted revenues of $5.95 billion in the fiscal third quarter, up 97% sequentially and way more than the company’s guidance, according to investor.sandisk.com. As the company shifted its focus to high-value customers in the rapidly expanding data center segment, its revenue growth improved.
Strong pricing power across its product portfolio has also boosted the top-line performance. In particular, the increase in AI data center demand for memory products amid supply constraints has benefited Sandisk and is expected to remain a key growth driver in the long run.
Meanwhile, Sandisk is involved in making multi-year, high-value relationships through its New Business Model (“NBM”) agreements. These partnerships are expected to strengthen customer retention, enhance revenue visibility and boost profitability. Sandisk concluded three NBM agreements in the fiscal third quarter and added two more in the next three months, indicating growing customer commitment for its products.
Sandisk projects revenues between $7.75 billion and $8.25 billion for the fiscal fourth quarter, along with non-GAAP earnings per share (EPS) of $30 to $33, up from $23.41 in the fiscal third quarter, indicating continued sequential growth momentum.
On the technical front, Sandisk’s shares are trading well above the long-term 200-day moving average (“DMA”) and the short-term 50-DMA, reflecting an uptrend.
Micron Rides AI Memory Shortage and Strong HBM Demand
Micron recently surpassed a $1 trillion market value, as persistent AI-driven demand has triggered a global memory supply shortage, boosting Micron’s pricing power and supporting the company as demand continues to outstrip supply.
Due to an increase in investments in AI infrastructure by hyperscalers, Micron witnessed incessant demand for its cutting-edge HBM chips. These chips are sought after since they can manage complex workloads proficiently while utilizing less power.
Given the tight supply of HBM chips, which is expected to persist throughout this year, the resulting demand-supply imbalance is likely to help Micron increase prices, supporting its long-term growth outlook.
Micron expects revenues of $33.5 billion in the fiscal third quarter, up from $23.86 billion in the fiscal second quarter, according to investors.micron.com. The company also projects a strong gross margin of around 81% for the fiscal third quarter, reflecting solid financial momentum.
From a technical standpoint, Micron’s shares are currently trading well above both the 200-DMA and 50-DMA, signaling a sustained uptrend.
Both Sandisk and Micron sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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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.
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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/performance for information about the performance numbers displayed in this press release.