The Zacks Analyst Blog Highlights Micron Technology and Sandisk

For Immediate ReleaseChicago, IL – June 29, 2026 – Zacks.com announces the list of stocks 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: Micron Technology, Inc. MU and Sandisk Corporation SNDK.Here are highlights from Friday’s Analyst Blog:Micron + One Explosive AI Memory Stock to Buy Before H2 2026Memory stocks seem to have broken off from their traditional cyclical behavior, supported by sustained growth in recent years. The artificial intelligence (AI) boom in data-intensive workloads has substantially increased demand for memory and storage solutions, supporting a durable growth cycle.Scared by the post-pandemic downturn, memory producers remain disciplined on capacity expansion. As AI demand accelerated, a tight memory supply market has resulted in significant price increases and a more sustained growth trajectory.Among the memory stocks, Micron Technology, Inc. and Sandisk Corporation have delivered exceptional returns over the past year, soaring 867.1% and 4852.3%, respectively. Let's look in detail at why these memory plays have surged and examine why their strong momentum may continue, making them compelling investment opportunities ahead of the second half of the year.Micron's Record Quarter Signals Sustained AI-Driven GrowthMicron stock recently touched a record intraday high, fueled by a blockbuster third-quarter fiscal 2026 earnings. Revenues of $41.46 billion for the quarter were up 74% sequentially, according to investors.micron.com. The company has guided further revenue growth for the next quarter. Revenues are expected to come in around $50 billion for the fiscal fourth quarter, indicating robust demand for Micron's high-bandwidth memory chips used in AI servers.The company's profitability has improved significantly, with gross margin increasing to 84.6% for the fiscal third quarter from 37.7% a year ago, aided by strong pricing power and growing demand for high-value AI memory products. Strong cash flows in the fiscal third quarter further suggest that the company's elevated valuation is supported by improving fundamentals. Additionally, the company's latest deal with Anthropic will strengthen the adoption of its memory solutions in next-generation AI infrastructure, enhancing long-term demand visibility and reinforcing its growth outlook.As a result, the company's expected earnings growth rate for the current year is a whopping 662.5%. The Zacks Consensus Estimate of $63.21 for MU's earnings per share (EPS) is up 417.3% year over year (read more: Missed NVIDIA's 900% Run? Micron Could Be AI's Next Big Winner).SNDK's Solid Outlook Highlights Strength of AI Memory CycleSandisk's shares are hovering near their recent intra-day highs as robust demand for the company's AI-related memory solutions, combined with a supply crunch situation, is leading to strong pricing power and improved growth prospects.For the third quarter of fiscal 2026, Sandisk reported revenues of $5.95 billion, up 97% sequentially and surpassing its own guidance, according to investor.sandisk.com. Sandisk further expects revenues of $7.75 billion to $8.25 billion for the fourth quarter of fiscal 2026, reflecting continued strong momentum, driven by its focus on high-value customers in the expanding data center market.The strategic multi-year, high-value New Business Model agreements are expected to strengthen Sandisk's customer retention capability, improve revenue visibility and support a durable growth trajectory. The company reported non-GAAP EPS of $23.41 for the fiscal third quarter and expects it to increase to $30-$33 in the fiscal fourth quarter, signaling sustained sequential growth momentum.Consequently, the company's expected earnings growth rate for the current year is an exceptional 2096.7%. The Zacks Consensus Estimate of $65.68 for SNDK's EPS is up 1072.9% year over year.Both Micron and Sandisk sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.Why Haven't You Looked at Zacks' Top Stocks?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.See Stocks Free >>Media ContactZacks Investment Research800-767-3771 ext. 9339support@zacks.com                                      https://www.zacks.com                                                   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.Beyond Nvidia: AI's Second Wave Is HereThe AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.See Stocks Now >>This article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks