In this article, we will look at the 5 Must-Watch Stocks Right Now. For a deeper discussion and an extended list, please see 10 Must-Watch Stocks Right Now.
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5. Sandisk Corp. (NASDAQ:SNDK)
Sandisk jumped by 6.92 percent on Friday to finish at $661.62 apiece, as investors took advantage of the broader market bloodbath to hunt for bargains in AI stocks.
During the session, Sandisk Corp. (NASDAQ:SNDK) rallied alongside its counterparts in the storage sector, namely Micron Technology (5.13 percent), Western Digital (4.25 percent), and Seagate Technology (2.60 percent), among others, backed by strong optimism for the artificial intelligence sector.
The confidence was further boosted by Nvidia Corp.’s ramped-up investments in the industry earlier in the week, having partnered with and invested $2 billion in an AI infrastructure company. Nvidia’s investments are widely watched by the investing community, being the key enabler to the AI boom.
Meanwhile, Sandisk Corp. (NASDAQ:SNDK) earlier this year announced a 672-percent expansion in its net income in the second quarter of fiscal year 2026, at $803 million versus only $104 million in the same period a year earlier.
Revenues, on the other hand, rose by 61 percent to $3.025 billion from $1.876 billion.
Looking into the third quarter of the fiscal period, Sandisk Corp. (NASDAQ:SNDK) expects revenues to be in the range of $4.4 billion to $4.8 billion, or an implied expansion of 159 percent to 183 percent from the $1.695 billion reported in the same period a year earlier.
Gross margins are expected to be at 64.9 percent to 66.9 percent.
4. ImmunityBio Inc. (NASDAQ:IBRX)
ImmunityBio surged by 7.29 percent on Friday to finish at $8.39 apiece, as investors took heart from the company’s optimism for the development of the “World Bank of Natural Killer (NK) Cells,” thanks to the success of its two manufacturing engineering programs.
In an updated report, ImmunityBio Inc. (NASDAQ:IBRX) said it successfully completed NK2022 and NK2023 programs, which evaluated that it could safely collect large volumes of immune cells and enrich them into NK cells.
ImmunityBio Inc. (NASDAQ:IBRX) said that 64 subjects completed apheresis collection across healthy and cancer patients, while collected cells were stored and used for process development and validation.
Following the study, the firm saw preserved NK cell activity and phenotype in both healthy donors and cancer patients, including those who have undergone therapy.
It noted that NK cells, even from cancer patients, can still attack and kill cancer cells effectively, similar to those from healthy donors.
“These data demonstrate that potent NK cell therapy can be manufactured at scale and administered safely, potentially offering a reliable autologous source of potent NK cells,” ImmunityBio Inc. (NASDAQ:IBRX) Executive Chairman Patrick Soon-Shiong said.
“The ability to generate up to 5 billion highly pure NK cells from a single apheresis collection, yielding up to 8-10 therapeutic doses within 12 days, opens the possibility of creating the ‘World Bank of Natural Killer Cells’, with NK cells able to be universally donated to any patient without HLA matching,” he added.
3. Galaxy Digital (NASDAQ:GLXY)
Galaxy Digital snapped a two-day losing streak on Friday, jumping 8.34 percent to finish at $22.35 apiece, as investors shifted to its US stocks amid the looming delisting of its Canadian shares, while taking advantage of the broader decline to hunt for bargains.
Earlier this month, Galaxy Digital (NASDAQ:GLXY) announced plans to delist its shares from the Toronto Stock Exchange effective Thursday, March 19, to focus on its listing on Nasdaq, given that the majority of its average daily trading volume is executed on the said US exchange.
The initiative would also help slash its expenses and administrative requirements associated with its dual listing.
Galaxy Digital (NASDAQ:GLXY) is not required to seek approval of its shareholders, given that an alternative market is available to trade its Class A common shares.
In relation to the delisting, Galaxy Digital’s (NASDAQ:GLXY) share buyback program for its Canadian shares will also be terminated on the delisting date, but repurchase transactions for shares on the Nasdaq would continue on a normal basis and would not exceed 5 percent of the outstanding Class A common stock at any time or within the 12-month period.
2. Klarna Group PLC (NYSE:KLAR)
Klarna Group bounced back by 8.82 percent on Friday to close at $15.91 apiece, as investors mirrored the acquisition of an additional $50 million stake by its chief executive officer, Michael Moritz.
In a regulatory filing, Klarna Group PLC (NYSE:KLAR) said that Moritz acquired more than 3.47 million shares of the company on March 3 to 11, at prices ranging from $13.1791 to $16.1128 apiece. The transactions were made through his family-run foundation, Crankstart.
In other news, Klarna Group plc (NYSE:KLAR) earlier announced a disappointing performance last year, having swung to a net loss of $273 million from a $21 million net income in 2024. Total revenues, however, increased by 25 percent to $3.5 billion from $2.8 billion year-on-year.
In the fourth quarter alone, Klarna Group PLC (NYSE:KLAR) incurred a $26 million net loss, reversing a $40 million net income in the same period a year earlier. Revenues soared by 38 percent to $1.08 billion from $781 million year-on-year.
Looking into the first quarter of the year, the company announced targets of growing its revenues by 28 to 40 percent to a range of $900 million to $980 million, as well as gross merchandise value by 26 to 30 percent to a range of $32 billion to $33 billion.
1. PayPay Corp. (NASDAQ:PAYP)
PayPay soared by 16.41 percent on Friday to finish at $21.14 apiece, as investor sentiment was fueled by reports that it is considering a dual listing in the future following the success of its US market debut, backed by strong investor appetite.
According to a report by Bloomberg, PayPay Corp. (NASDAQ:PAYP) remains open to listing its shares on the Tokyo Stock Exchange, albeit no specific details have been divulged.
The SoftBank-backed group debuted on the Nasdaq exchange only on Thursday, successfully raising $880 million in fresh funds.
PayPay Corp. (NASDAQ:PAYP) successfully sold more than 54.98 million American depositary shares, representing its common shares.
Of the total, more than 31 million shares were offered by the company, while the other 23.9 million shares were sold by its existing shareholder, SVF II Piranha (DE) LLC, an investment fund also controlled by the SoftBank Group.
PayPay Corp. (NASDAQ:PAYP) is one of the leading financial technology companies in Japan, having registered 72 million users since it was launched by SoftBank and Yahoo Japan in 2018.
From its initial public offering price of $16 apiece, its second day of trading already saw the company surge by as much 37 percent.
While we acknowledge the potential of PAYP to grow, 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 PAYP and that has 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
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