While the market has pulled back from its all-time highs in 2026 over concerns about the broader economy, not all stocks have gotten the memo. In the tech sector, there are at least two artificial intelligence (AI) stocks still trading near their highs. Let's take a closer look at these two stocks that apparently didn't get the memo to pull back in this uncertain economy. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensabl ...

Core Viewpoint - Sandisk has experienced significant stock growth, with a 166% increase in 2026, driven by strong demand for NAND flash memory due to AI data center expansion [1][2]. Company Performance - Sandisk reported a 61% year-over-year revenue increase to $3 billion in fiscal Q2, with data center revenue rising 76% to $440 million [4]. - The Edge segment, which includes smartphones and PCs, saw a revenue increase of 63% to $1.7 billion, while the consumer segment revenue jumped 52% to $907 million [4]. - Gross margins improved significantly from 32.3% to 50.9%, leading to a 386% increase in adjusted operating income to $1.1 billion and a 404% rise in adjusted EPS to $6.20 [5]. Future Guidance - For fiscal Q3, Sandisk expects revenue between $4.4 billion and $4.8 billion, up from $1.7 billion a year ago, with gross margins projected to expand to 64.9% to 66.9% [6]. - Adjusted EPS is anticipated to rise from a loss of $0.30 to a profit between $12 to $14 [6]. Industry Dynamics - The NAND market is currently in a supercycle, with high demand and limited production capacity as competitors focus on high-bandwidth memory (HBM) [7]. - This tight market condition is expected to persist, supporting continued price increases for NAND products [7].