Why the Best May Be Yet to Come for NVIDIA, Micron, and SanDisk

Quick Read

• NVDA's 22x guardant P/E looks inexpensive against 85% gross growth, portion MU trades astatine conscionable 5x guardant net aft 7 consecutive EPS beats.

• SanDisk's Datacenter conception surged 645% twelvemonth implicit year, with zero semipermanent indebtedness and $3 cardinal successful escaped currency travel supporting a $2,000 terms target.

• Don't wait: the expert who called NVIDIA successful 2010 conscionable revealed his apical 10 AI stocks. See the afloat database FREE now.

The AI infrastructure buildout keeps rewriting the net powerfulness of the companies supplying its picks and shovels. NVIDIA (NASDAQ: NVDA) is up 4.7% year-to-date aft past year's monster run, portion representation partners Micron Technology (NASDAQ: MU) and SanDisk (NASDAQ: SNDK) person surged 206.65% and 439.2% respectively successful 2026.

With Jensen Huang calling this "the largest infrastructure enlargement successful quality history," present is however each could scope a bolder people successful 2027.

NVIDIA: The Path to $325 Per Share

At astir $196.73, NVIDIA trades astatine a guardant P/E of 22x, hardly demanding for a institution that conscionable posted 85.23% gross maturation and a Data Center conception expanding 92% twelvemonth implicit year. Wall Street's statement people sits astatine $302.83, backed by 48 Buy and 10 Strong Buy ratings.

Getting to $325 would inactive mean a tenable aggregate against adjacent year's net if NVIDIA keeps its 4 consecutive 4th bushed streak alive. The Q2 FY27 usher of $91 cardinal and $119 cardinal successful proviso commitments telegraph durable demand. Add a caller $80 cardinal buyback authorization, and the setup rhymes with 2023 and 2024, years erstwhile shares gained triple digits.

Micron: How $1,600 Comes Into View

Micron's fiscal Q3 was extraordinary: gross of $41.46 billion, up 345.7% twelvemonth implicit year, with non-GAAP EPS of $25.11 beating statement by 23.79%. That is 7 consecutive quarters of EPS beats. Non-GAAP gross borderline has climbed to 84.9%, with Q4 guided to $50.0 cardinal successful gross and astir 86% margins.

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Shares precocious pulled backmost 24.21% successful a month, creating a re-entry window. Forward P/E of conscionable 5x looks strikingly inexpensive against Wall Street's $1,507.38 target. CEO Sanjay Mehrotra says multi-year "Strategic Customer Agreements" volition fastener successful durability. With HBM4 shipping and HBM4E targeting calendar 2027 volume, $1,600 requires lone humble aggregate expansion.

SanDisk: The Case for $2,000

SanDisk's translation is the astir melodramatic of the three. Q3 FY26 gross jumped 251.03% to $5.95 billion, and non-GAAP EPS of $23.41 bushed statement by 59.67%. The Datacenter conception exploded 645% twelvemonth implicit twelvemonth to $1,467 million. Q4 guidance calls for gross of $7.75 cardinal to $8.25 cardinal and EPS of $30 to $33.