Micron (MU) and Sandisk (SNDK) are two of only four S&P 500 stocks to have tripled or more so far in 2026, with Sandisk the far bigger gainer. Micron makes HBM, DRAM and NAND memory, while Sandisk focuses on NAND flash, and AI demand, including inference and agentic AI, is driving memory needs for both. Micron's market cap tops $1 trillion versus about $200 billion for Sandisk, and their latest quarterly revenue was $54.2 billion and $8.97 billion respectively. Forward earnings multiples are 7x for Micron and 8x for Sandisk, with 27 of 29 analysts rating Micron a buy and 15 of 17 rating Sandisk a buy, implying average price targets about 74% and 60% above current prices. The author judges Micron the better pick for its breadth across memory types and its potential in humanoid robotics, while noting risks for both.
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