3 AI Stocks Up 500% or More in the Past Year That Could Have More Room to Run
Key PointsSandisk and Micron have benefited from supply shortages in the memory markets.
The past year has seen a surge in AI stocks, with some experiencing gains of 500% or more. Despite this impressive performance, there may still be room for further upside. Sandisk (NASDAQ: SNDK) is one such AI stock that has gained an astounding 2,900% over the past year as of the end of August. As a pure-play maker of NAND (flash) memory, Sandisk has benefited from a significant supply-demand imbalance, which has pushed NAND prices higher.
This has resulted in a surge in the company's revenue and a substantial increase in its gross margin.
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