Chicago — May 4, 2026 — Investment research firm Zacks on Monday spotlighted three technology names — SanDisk (SNDK), Micron Technology (MU) and Alphabet (GOOGL) — arguing that each is riding strong momentum driven largely by surging demand for artificial intelligence infrastructure. Zacks’ latest feature paired bullish Zacks Rank ratings with fresh consensus forecasts that show dramatic near-term growth expectations, particularly for SanDisk and Micron.
Zacks told investors SanDisk’s role supplying high-speed NAND storage to AI data centers and cloud providers has pushed the stock higher this year, and the firm’s models now peg the company’s current fiscal-year sales at about $16.5 billion — a 120% increase from the year-ago period. Earnings per share revisions have flipped sharply positive, producing a Zacks Rank #1 (Strong Buy) and consensus forecasts that call for earnings to expand roughly 1,500% in the current fiscal year, followed by a further 170% rise in fiscal 2027.
Micron, a leading DRAM and memory provider, earned similar praise. Zacks said tight memory supply combined with AI-driven demand should keep the company’s momentum intact, and its consensus outlook shows roughly 200% year-over-year sales growth and a 600% jump in earnings in the current fiscal year. Micron also carries a Zacks Rank #1 and, according to Zacks, has maintained that top ranking since about September 2025 — a point the firm cited as evidence of persistent upside to its earnings revisions and investor interest.
Alphabet’s inclusion in the feature hinged on robust quarterly results, particularly from Google Cloud. Zacks reported that Alphabet crushed its EPS estimate by more than 90% and delivered a 2.7% sales surprise on the quarter. Google Cloud revenue reached $20.0 billion, representing 62.7% year‑over‑year growth, a pace Zacks highlighted as a key driver of Alphabet’s post‑earnings rally and renewed investor enthusiasm for the stock.
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The Zacks piece framed all three stories around the broader theme of AI infrastructure spending. For SanDisk and Micron, that has translated into unusually large consensus upgrades for sales and earnings as hyperscalers and cloud providers expand capacity. For Alphabet, the acceleration inside Google Cloud — long a critical component of the company’s diversification away from advertising — appears to have validated management’s investment strategy and lifted near‑term profit expectations.
Market activity has already reflected some of this optimism. SanDisk shares jumped in late April following a batch of market-moving developments, including index reweighting and public visibility at industry events, and Zacks’ updated forecasts add a research‑driven rationale to that momentum. Zacks’ dual emphasis on consensus estimate revisions and its proprietary ranking system underscores how the firm interprets recent data: rapidly improving earnings and revenue expectations can be powerful catalysts for stocks tied to AI supply chains.
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Zacks’ commentary is explicit about the source of the upside — rising NAND and DRAM pricing and accelerating cloud spending — but investors should weigh those consensus projections against the volatility common in semiconductor and cloud infrastructure cycles. Still, the firm’s latest report makes clear why SanDisk, Micron and Alphabet have become focal points for investors hunting exposure to the AI buildout.
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