Sanmina Corporation (SANM): Billionaire Ken Fisher Is Loading Up on This Stock

Sanmina Corporation (NASDAQ:SANM) is one of Billionaire Ken Fisher’s 15 Most Notable Moves for 2026.

Sanmina Corporation (NASDAQ:SANM) is another smart AI play by Fisher. His fund first purchased a stake in the company in the third quarter of 2025, buying nearly 167,000 shares at an average price of around $112. In the filings for the fourth quarter of 2025, the fund increased this stake by close to 300%, amassing over 650,000 shares. In November 2025, Fisher discussed his views on the overall AI landscape in a frank manner, noting that AI was a big thing. He also added that AI was an important thing. Per Fisher, there would also be a lot of money lost on this big thing. However, the billionaire cautioned that having a lot of money lost on something did not make that thing a bubble. On the contrary, he said that is what makes the AI world competitive.

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Sanmina Corporation (NASDAQ:SANM) is riding the AI wave. In late January, the firm released earnings for the first fiscal quarter, reporting earnings per share of $2.38, beating estimates by $0.23. The revenue over the time was $3.19 billion, surpassing expectations by $100 million. During the earnings call, the Jure Sola, the CEO of the firm reiterated that the goal of the firm was to double revenue in the next 2 years. Per Sola, the AI opportunities were on track to deliver $16-plus billion in annual revenue for the firm in 2027.

Sanmina Corporation (NASDAQ:SANM) provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

While we acknowledge the risk and potential of SANM 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 SANM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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