By Geoffrey Seiler, The Motley Fool
Publication Date: 2026-04-08 21:05:00
While Nvidia remains the poster child for the artificial intelligence (AI) infrastructure buildout, it has been far from the best-performing stock in the space over the past year. While Nvidia’s stock is up a strong 60% over this period, Micron Technology (NASDAQ: MU) has a 300% gain, and Sandisk (NASDAQ: SNDK) is up nearly 1,400%.
Micron and Sandisk are both riding strong trends in the memory market, although they are involved in different aspects of it. What’s even crazier is that even after these huge gains, both Micron and Sandisk still trade at modest forward price-to-earnings (P/E) ratios. Micron trades at a forward P/E of 3.7 times fiscal 2027 (ending August 2027) analysts’ earnings estimates, while Sandisk trades at an 8 times multiple for its fiscal 2027 ending in June 2027.
Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company, called an “Indispensable Monopoly” providing the critical technology Nvidia and Intel both need. Continue »
While both are seeing huge growth and have what appear to be attractive valuations, whether the stocks are good buys at current levels is a bit more complicated. Let’s dive in and see how they got here and what’s next.
The memory market is broken down into two distinct parts. DRAM (dynamic random access memory) is the memory that translates into computing speed. It’s extremely fast but volatile, which means that once…
