The Next Phase of the AI Boom Could Be Great News for NVIDIA, Micron, and SanDisk
The AI buildout is shifting gears, and the companies supplying its memory and compute are sitting on multi-year contracted revenue that Wall Street may still be underestimating. Three chipmakers stand at the center of a spending wave that Jensen Huang…
The AI buildout is entering a new phase where compute and memory sit on the same critical path, and three chipmakers are positioned to capture the spending wave.
NVIDIA (NASDAQ: NVDA | NVDA Price Prediction) CEO Jensen Huang put it bluntly on the latest call: “The buildout of AI factories, the largest infrastructure expansion in human history, is accelerating at extraordinary speed.” That expansion is pulling GPUs, DRAM, HBM, and NAND flash off the shelves faster than fabs can restock them.
Here is how NVIDIA, Micron Technology (NASDAQ: MU), and SanDisk (NASDAQ: SNDK) can each punch through to fresh round-number highs in 2027.
NVIDIA to $300: Vera Rubin Ramp Does the Heavy Lifting
NVDA closed at $218.36, up 17.36% year to date. Wall Street’s consensus target sits at $327.65, and the fiscal 2028 EPS estimate has climbed from $12.6269 ninety days ago to $15.4581 today on 39 upward revisions.
At $300, NVDA would trade near 19x that fiscal 2028 number, cheaper than the S&P 500’s roughly 22x forward multiple. Q2 revenue jumped 105.8% YoY to $96.22B, Data Center rose 117%, and management guided Q3 to $108 billion.
Huang noted top-five hyperscaler capex is tracking to $1.3 trillion in 2027, and Vera Rubin’s revenue per gigawatt jumps to $40 billion versus $25 billion for Blackwell. Supply commitments of $279B tied to Rubin memory procurement give the ramp visible legs.
Micron to $1,750: HBM4 and Take-or-Pay Contracts Rewire the Cycle
MU trades at $977.41, a 242.67% YTD move, with analysts targeting $1,513.11. A $1,750 stretch would price the stock at roughly 11x the $155.0252 fiscal 2027 EPS consensus, still a discount to the market.
Micron has beaten EPS 7 consecutive quarters, and CEO Sanjay Mehrotra said “DRAM and NAND industry demand continues to significantly exceed industry supply” with tightness lasting beyond calendar 2027.
The company has signed 16 Strategic Customer Agreements covering minimum contractual revenue of roughly $100 billion, shipped over $1 billion in HBM4 revenue, and guided fiscal Q4 to $50 billion in revenue and $31 EPS. Every upward revision on the fiscal 2027 line tightens the math.
SanDisk to $2,500: NAND Turns Into a Contracted Cash Machine
SNDK is the wildest ride of the trio at $1,692.59, up 2,189.76% over the past year with consensus at $2,125.09. A $2,500 target implies roughly 12x the $214.0982 fiscal 2027 EPS estimate, which itself has risen from $175.3757 ninety days ago.
Q4 revenue soared 371.6% YoY and non-GAAP EPS of $39.25 obliterated the $33.28 estimate. CEO David Goeckeler said his eight New Business Model agreements now carry a minimum $93.9 billion in expected revenue and NBMs will represent approximately two-thirds of fiscal 2028 bits.
With bits on allocation beyond calendar 2027, pricing power stays firmly with SanDisk.
Bottom Line: A Coordinated Path Higher
Getting NVDA to $300, MU to $1,750, and SNDK to $2,500 requires the AI capex cycle to keep compounding through 2027, but each name already has multi-year contracted revenue, expanding margins, and rising estimates behind it.
Memory inflation that pressures NVIDIA’s gross margin to 71% to 72% in Q4 is the same force pushing Micron and SanDisk higher. Spotting the next chip name of this scale early follows a repeatable pattern, one we reverse-engineered in a free playbook here. The blueprint for another leg up in 2027 remains on the table.
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Vandita Jadeja is a financial publisher with over a decade of experience writing about financial topics, including investment, savings, retirement, insurance and banking. Vandita is a Chartered Accountant who loves to debunk financial concepts for readers.
Her work has appeared on sites that include The Motley Fool, InvestorPlace, and Benzinga. She covers investing and focuses on stock picks and price prediction for 24/7 Wall St.
When not looking for the next stock investment opportunity, she can be found traveling, reading, chasing sunsets and enjoying her iced latte.
