Three AI-related stocks—Micron, Sandisk, and CoreWeave—are positioned for strong near-term and long-term growth as memory chip and GPU computing demand surge during the AI buildout.

Micron manufactures DRAM and NAND memory chips experiencing acute shortage driven by AI buildout. Wall Street analysts project 264% revenue growth next quarter and 250% growth for the fourth quarter of fiscal year 2026 (ending in August). The company is building extra manufacturing capacity, but those facilities won't be operational until later next year, potentially extending the shortage for a few more years.

Sandisk makes NAND memory for solid-state drives used in data center long-term storage. Analysts project 332% and 337% revenue growth over the next two quarters—faster than Micron. The stock trades at 28 times forward earnings, compared to Micron's discount valuation relative to tech peers that commonly trade for 20 to 30 times forward earnings.

CoreWeave operates data centers filled with GPUs and rents computing capacity to clients including Meta Platforms and Microsoft. Wall Street estimates 112% and 154% growth over its next two quarters. The company has nearly $100 billion in revenue contracted over about a five- to six-year time frame, with that figure expected to expand as new capacity comes online and new clients are onboarded.