5 Large-Cap Stocks That Are On Fire Right Now

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1. Sandisk Corporation (NASDAQ:SNDK)

YTD Return as of April 27: 288.8%

On April 27, Cantor Fitzgerald raised the firm’s price recommendation on Sandisk Corporation (NASDAQ:SNDK) to $1,400 from $1,000. It reiterated an Overweight rating on the shares. The analyst said SanDisk is expected to deliver another strong beat-and-raise, supported by tight supply and broad demand across hyperscale, consumer, and client markets. Pricing strength is also expected to continue.

On April 27, Morgan Stanley raised its price target on SanDisk to $1,100 from $690 and maintained an Overweight rating. The analyst said near-term strength in NAND pricing is already reflected in the stock, and the focus has shifted to durability. He expects pricing to remain firm “as long as we remain at maximum AI investment.” The firm is raising its earnings estimates sharply. It now sits 37% above consensus for Q2, 65% above for calendar year 2026, and 38% above for 2027, according to the analyst.

Sandisk Corporation (NASDAQ:SNDK) develops and manufactures data storage devices and solutions based on NAND flash technology. Its offerings include solid-state drives, embedded products, removable cards, USB drives, and wafers and components, sold through consumer brands and global franchises.

While we acknowledge the potential of SNDK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SNDK and that has 100x upside potential, check out our report about the cheapest AI stock.

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