Quick Read – SanDisk surged 4,586% and Micron 833% over the past year on AI memory demand, yet both stocks trade significantly above analyst consensus targets. – Micron’s forward P/E of 10, a 30% dividend hike, and 81% guided gross margins offer a more defensible valuation floor…
an SanDisk’s 35x book. – Gross margins above 78% historically signal late-cycle conditions, and a single weak pricing guide on NAND or DRAM could rapidly compress both multiples. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn’t make the cut. Grab the names FREE today
At $2,184 for SanDisk (NASDAQ:SNDK) and $1,134 for Micron Technology (NASDAQ:MU), both warrant scrutiny. Each has rerated so violently on the AI memory supercycle that fundamentals, however strong, now have to catch up to the rally. SanDisk is the standalone NAND flash pure play spun out of Western Digital in February 2025.
Micron is the only U.S.-based DRAM and HBM manufacturer, with HBM now the binding constraint on AI server builds. SanDisk has climbed 4,586% over the past year, while Micron is up 833%. Both report fiscal quarters that read like rocket telemetry.