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Cardinal Health (CAH) Hits New 52-Week High on Earnings, Optimistic Outlook

We recently published 10 Stocks with Outstanding Gains; 9 on Record Highs. Cardinal Health Inc. (NYSE:CAH) is one of the best-performing stocks on Thursday.

Cardinal Health propelled to a new 52-week high on Thursday, as investors snapped up shares after posting an impressive earnings performance and raising its growth outlook for fiscal year 2026.

At intra-day trade, Cardinal Health Inc. (NYSE:CAH) soared to its highest price of $195.15 before paring gains to finish the day just up by 15.43 percent at $189.84 apiece.

In an updated report, Cardinal Health Inc. (NYSE:CAH) said it was able to grow its attributable net income for the first quarter of the fiscal year by 8 percent to $450 million from $416 million in the same period last year, as revenues jumped by 22 percent to $64 billion from $52 billion year-on-year.

“We are pleased with our strong broad-based operational and financial performance to begin fiscal 2026. This outstanding first quarter reflects our focused execution across each of our operating segments and provides a solid foundation as we carry forward. As a result, we are raising our fiscal 2026 outlook,” said Cardinal Health Inc. (NYSE:CAH) CEO Jason Hollar.

A medical technician holding the instruments in her hands

For the full-year period, Cardinal Health Inc. (NYSE:CAH) said it now targets non-GAAP attributable diluted earnings per share to grow between 17 and 20 percent to a range of $9.65 to $9.85, or a $0.35 increase from the prior range of $9.30 to $9.50, taking into account the strong first quarter and expected contributions from the acquisition of Solaris Health, which it anticipates to complete in early November.

While we acknowledge the risk and potential of CAH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CAH and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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