Sandisk, Super Micro, and another AI-linked stock surged more than 300% as Nvidia’s one-year return slowed to 26%.
Three artificial intelligence-related stocks delivered returns exceeding 300% over the past year, eclipsing Nvidia’s 26% gain. Nvidia’s performance lagged partly due to its $5 trillion market capitalization, which limits agility despite strong 85% revenue growth last quarter.
Sandisk led the group with a 3,990% surge, driven by soaring NAND flash memory demand for AI data storage. The company reported 251% revenue growth and a gross margin jump to 78.4% last quarter, up from 22.5%. Analysts expect continued pricing strength in flash memory.
Nvidia remains a key AI infrastructure player but trades at a forward P/E of 16 for fiscal 2028, reflecting its transition beyond GPUs.