High Growth AI Stocks: SanDisk, Intel, AMD, Micron and Nvidia Explained

Key Takeaways

• Five companies dominate AI stock search interest right now: SanDisk, Intel, AMD, Micron and Nvidia, with rising queries under the “AI bubble” topic showing SanDisk up 850%, Intel up 650%, AMD up 450%, and Micron and Nvidia each up 250% over seven days.
• All five reported extraordinary growth in their latest verified quarters, but all five also fell sharply in the first week of November 2026, showing that strong results and falling share prices can arrive in the same week.
• SanDisk reported fiscal Q1 2027 revenue of $11.03 billion, up 378% year over year, and Micron reported fiscal Q4 2026 revenue of $54.23 billion, up 379% year over year, both driven by data-centre demand for memory and storage.
• AMD’s data-centre revenue nearly doubled to $8.55 billion in Q3 2026, and Intel’s Data Center and AI revenue rose 78% to $7.3 billion, yet Intel’s shares fell 29% on 30 October after weak fourth-quarter guidance.
• Nvidia, the largest of the five by data-centre revenue, reported $89.0 billion in Data Center revenue in its latest verified quarter, and reports its next results on Tuesday 17 November 2026 after the market close.
• This article explains why these five names dominate search interest. It makes no recommendation about any stock and no prediction about any share price.

Why these five names dominate AI search

Search interest in AI stocks is not spread evenly. It concentrates on a small group of companies, and this week that group is SanDisk, Intel, AMD, Micron and Nvidia. Google Trends data for the seven days behind this story shows “high growth artificial intelligence stocks” rising by 3,250% and “ai stocks” rising by 90%, with the five companies appearing as rising queries under the “AI bubble” topic: SanDisk up 850%, Intel up 650%, AMD up 450%, Micron up 250% and Nvidia up 250%. Those figures describe an observed rise in search interest over seven days, not a volume of searches, and not a measure of how many people own the shares.

The reason these five dominate is straightforward: each of them sits at a different point in the AI hardware supply chain, and each of them reported results in late October or early November 2026 that gave searchers something new to look up. SanDisk and Micron sell the memory and storage that AI data centres need. Intel and AMD sell the processors that run alongside the accelerators. Nvidia sells the accelerators themselves, and its data-centre business is larger than the other four combined on the figures reported so far. Between them, the five cover the whole stack, from the chips that compute to the memory that feeds them and the storage that holds the data.

There is a second reason they dominate search, and it is less flattering. All five fell sharply in the first week of November 2026, even though most of them had just reported strong results. SanDisk fell about 22% on 5 November alone. Intel fell 29% on 30 October. Micron fell about 14% on 5 November. When shares fall that fast, people search for explanations, and the search data records the anxiety as much as the interest. The rest of this article goes company by company, using only verified results, guidance and reported share moves, so readers can see what each company actually reported before deciding what the search surge means.

For the wider context of that selloff, see our coverage of the week it happened: AI Bubble Fears Surge: What the Data Actually Shows. The bubble question and the individual company results are related, but they are not the same story, and this article keeps them separate.

SanDisk: a storage company transformed by data-centre demand

SanDisk (SNDK) makes NAND flash memory, the storage used in data centres, devices and consumer products. For years it was known mainly as a consumer and device storage brand. In fiscal Q1 2027, the quarter reported on 29 October 2026, the data-centre business took over the story.

Revenue was $11.03 billion, up 378% year over year. That beat the Wall Street estimate of $10.70 billion and the company’s own guidance of $10.3–$10.8 billion. Adjusted earnings per share were $49.51, against expectations of about $46.41–$46.67. GAAP net income was $8.1 billion, or $52.60 per diluted share, against $112 million a year earlier. Gross margin was 85.0% in the quarter, against 29.8% a year earlier.

The driver was data-centre revenue of $4.80 billion, up 61% quarter on quarter, against $269 million a year earlier. Edge revenue was $5.83 billion, up 7% quarter on quarter, and consumer revenue was $397 million, down 29% sequentially. In other words, the growth came from data centres, not from the consumer business that most people associate with the SanDisk name. Chief executive David Goeckeler said: “We have started fiscal year 2027 with another quarter of strong performance, with robust and growing demand for our products driving outpaced growth in our data center business.”

SanDisk also announced an 8-for-1 stock split on 29 October 2026. Shareholders of record at the close on 9 November 2026 receive seven additional shares for each share held, and split-adjusted trading is expected to begin on 20 November 2026. A stock split does not change the underlying value of the business; it divides the same value into more shares at a lower price per share.

Guidance for fiscal Q2 2027 was revenue of $12.2–$12.6 billion and adjusted earnings per share of $55–$57 before the split, or $6.88–$7.13 after it. Management said it expects “a strong market in calendar year 2027.” The company also bought back about 3.2 million shares for $5 billion in the quarter, and has set a goal of 512TB SSDs by 2027.

Despite beating expectations, the shares fell. On 30 October 2026 they fell about 13%, reported as 13.47% to a close of $1,150.89. On 2 November they fell 6.6–6.70% to $1,073.74, after partner Kioxia gave a cautious December-quarter forecast and said the flash price surge is slowing. On 5 November they plunged about 20% in afternoon trading to around $827, closing down 22.26% at $806.43. That left the shares down nearly 65% from a peak of $2,354, yet still up more than 250% year to date. The 5 November selloff was attributed in reporting to post-midterm-election concerns about data-centre construction and AI regulation, not to a new SanDisk earnings miss. That distinction matters: the fall was about the outlook for the sector’s buildout, not about the quarter SanDisk had just reported.

Intel: data-centre growth, a PC slowdown, and a 29% fall

Intel (INTC) reported third-quarter 2026 results on 29 October 2026, and the headline numbers beat expectations. Revenue was $16.51 billion, up 21% year over year, beating the consensus of $16.44 billion. Adjusted earnings per share were $0.52, beating the consensus of $0.39, with non-GAAP earnings per share up 126.1% year over year.

The strongest part of the report was Data Center and AI, where revenue was $7.3 billion, up 78% year over year. Foundry revenue was $6.7 billion, up 58%. Client Computing and Physical AI revenue was $8.1 billion, down 5% year over year, although AI PC revenue rose 35% year over year. Chief executive Lip-Bu Tan said demand for data-centre processors exceeds manufacturing capacity, supported by AI infrastructure and agentic workloads, and he estimated that the server CPU market could expand from $40 billion to more than $200 billion over five years, driven largely by agentic workloads.

The market’s reaction was not to the quarter that had just ended. It was to the guidance for the quarter ahead. For the fourth quarter, Intel guided to revenue of $15–$16 billion, non-GAAP earnings per share of $0.25, and a non-GAAP gross margin of 38% at the midpoint, well below analysts’ expectations of $17.1 billion and $0.43. Management also expects PC shipments to fall about 12% in 2026 and about 10% in 2027, with the PC slowdown continuing at least through the first half of 2027, and capital expenditure in 2027 to rise substantially from the roughly $20 billion planned for 2026.

On 30 October 2026, Intel shares plunged 29%, reported as 28.6% to a $65.76 close, described by Zacks and CNBC as the worst single-day decline since the 1970s. By the close on 5 November 2026, the shares were at $52.25, down $6.02, or 10.33%, on that day alone. The contrast between the quarter and the reaction is the story of Intel’s week: data-centre revenue up 78%, a beat on revenue and earnings, and a share price that fell by nearly a third in a week because the outlook disappointed.

Intel also made a strategic move in the same week. On 26 October 2026 it signed a definitive agreement to acquire Classiq, a Tel Aviv quantum-software company. Intel did not disclose a price. Bloomberg and Calcalist reported about $2.3 billion, while Intel’s quarterly report filed on 30 October put the figure at about $1.9 billion plus up to $350 million in performance milestones. Closing is expected in the first half of 2027, subject to regulatory approvals.

AMD: data-centre revenue nearly doubles

AMD reported third-quarter 2026 results on 3 November 2026, after the market closed, and the data-centre business dominated the report. Record revenue was $13.38 billion, up 45% year over year, beating the consensus of $13.09 billion. Adjusted earnings per share were $2.09, against $1.95 expected. GAAP net income was $2.43 billion, up 95% year over year, and GAAP earnings per share were $1.46, including an approximately $1.1 billion non-cash charge for revaluing warrants.

Data Centre revenue was $8.55 billion, up 97% year over year from $4.34 billion a year earlier, and accounted for 64% of total revenue, against 47% a year ago. The growth was driven by EPYC server processors and Instinct GPUs, including the first Instinct MI450 shipments in Helios rack systems. AMD said Anthropic, Meta, Microsoft, OpenAI and Oracle Cloud Infrastructure are running workloads on the first Helios racks. Client and Gaming revenue was $3.7 billion, down 8% year over year, with Client up 7% to $2.9 billion and Gaming down 40% to $773 million. Embedded revenue was $1.1 billion, up 29%.

Guidance for the fourth quarter of 2026 was revenue of about $17 billion, plus or minus 3%, above analysts’ expectations of about $16.2 billion. On the earnings call, chief executive Lisa Su said she expects server revenue to double year over year in 2027 and data-centre AI growth to accelerate faster than projected three months earlier. Separate reporting says she expects total revenue growth of more than 80% in 2027, with data-centre products accounting for about 80% of sales. These are forecasts, not results, and they should be read as management expectations, not as figures that have already happened. Su also flagged a shortage of HBM memory constraining shipments, a reminder that even the fastest-growing part of the business is limited by supply.

Shares rose about 8% in extended trading after the 3 November announcement. That made AMD the exception among the five in the first week of November: a company whose shares rose on its results while the others fell. The rise came after the close, and the regular session that followed would show whether it held, but the initial reaction was the opposite of Intel’s a few days earlier, even though both companies reported strong data-centre growth. The difference was guidance: AMD raised the bar for the next quarter, while Intel lowered it.

Micron: memory at record scale, with supply constrained through 2028

Micron (MU) reported fiscal fourth-quarter 2026 results on 30 September 2026, and the scale of the numbers is difficult to overstate. Revenue was $54.23 billion, up 379% year over year from $11.32 billion a year earlier, above analysts’ estimates of about $51.07 billion, and the sixth consecutive quarterly revenue record. Non-GAAP earnings per share were $33.42, against $3.03 a year earlier, above consensus estimates that sources put at about $31.35–$31.61, a range this article reports rather than resolving to a single figure. Non-GAAP gross margin was 87%, against 45.7% a year earlier. Full fiscal 2026 revenue was $133.19 billion, up 256%.

The data-centre figures explain the growth. Core Data Center revenue was $18.00 billion, against $1.58 billion a year earlier, about 11.4 times the year-ago figure. Data-centre SSD revenue was about $10 billion in the quarter, more than ten times the year-ago level. DRAM revenue was $39.8 billion. Operating cash flow was about $44 billion in the quarter and $89.68 billion for the full fiscal year. Guidance for fiscal Q1 2027 was revenue of $61.5 billion, plus or minus $1.5 billion, non-GAAP earnings per share of $38.15, plus or minus $1, and a non-GAAP gross margin of about 86.25%.

On the earnings call on 1 October 2026, chief executive Sanjay Mehrotra said memory supply and demand should be much tighter in calendar 2027 and 2028 than in 2026, and Micron expects the DRAM and NAND markets to remain supply-constrained through calendar 2028. The vast majority of calendar 2027 HBM bit supply is covered by agreements at significantly higher prices year over year. The HBM4 production ramp is under way, and Micron is working with Nvidia on a custom HBM4E solution. The company has 26 strategic customer agreements extending through 2030, expected to cover about 35% of sales by 2030.

Shares surged 35.9% over the six months to 4 November 2026, according to Zacks. On 5 November 2026 they fell about 14%, breaking below the 200-day moving average for the first time since May 2025. That fall was attributed in reporting to a post-election risk-off wave hitting AI-linked hardware and memory, not to an earnings miss. Micron’s last earnings report was more than a month old by then, and nothing in the company’s own disclosures had changed. The selloff was about the market’s mood toward AI hardware, and memory stocks were caught in it along with the rest of the sector.

Nvidia: the largest data-centre business, with results due 17 November

Nvidia (NVDA) is the company the other four are measured against, and its latest verified quarterly result is older than the others because its reporting calendar runs later. On 26 August 2026, Nvidia reported second-quarter fiscal 2027 results for the quarter ended 26 July 2026. Revenue was $96.2 billion, up 106% year over year and 18% quarter on quarter, beating consensus estimates of about $92.1–$92.2 billion. Data Center revenue was $89.0 billion, up 117% year over year, about 92.5% of total revenue. Non-GAAP earnings per share were $2.22, against $2.09 expected. GAAP net income was $59.7 billion, and non-GAAP gross margin was 75.0%.

The Blackwell Ultra ramp drove the Data Center result, and Hyperscale revenue was $48.7 billion, up 13% quarter on quarter. Production shipments of Vera Rubin began in the third quarter of fiscal 2027, and management expects Vera Rubin to contribute about 20% of Data Center revenue in that quarter. Guidance given on 26 August 2026 was third-quarter fiscal 2027 revenue of about $108 billion, plus or minus 2%, and a non-GAAP gross margin of about 74%, with no Data Center compute revenue from China assumed. Management also gave a preliminary expectation of about 70% revenue growth for fiscal 2028, described as supply-constrained. That is a forecast, not a result.

Nvidia’s next results are the most watched date in this group. The company has scheduled its fiscal Q3 2027 earnings call for Tuesday 17 November 2026, after the market close, a date confirmed by Nvidia in its 28 October 2026 announcement and verified for this article by web search. The quarter ended 25 October 2026, and the call is scheduled for 2 p.m. Pacific, 5 p.m. Eastern. That report will be the first chance to test the $108 billion guidance against actual results, and it will be read alongside AMD’s results from 3 November and the memory and storage results from SanDisk and Micron.

Nvidia also faces scrutiny beyond its results. Our coverage of the US Department of Justice seeking information on the competitive implications of Nvidia’s planned acquisition of Hugging Face, Nvidia, Hugging Face and DOJ Scrutiny: What We Know, explains that separate story. It is not part of the earnings picture, but it is part of why the company’s name appears in search alongside its results.

What the five have in common, and what to watch

The five companies share three things. First, each of them reported data-centre growth far above its overall growth, whether that was SanDisk’s data-centre revenue rising from $269 million to $4.80 billion in a year, Micron’s Core Data Center revenue rising about 11.4 times, AMD’s data-centre revenue nearly doubling, Intel’s Data Center and AI revenue rising 78%, or Nvidia’s Data Center revenue rising 117%. The AI buildout is, on these figures, a data-centre story before it is anything else.

Second, each of them is constrained by supply in some way. Intel said demand for data-centre processors exceeds manufacturing capacity. AMD flagged an HBM memory shortage constraining shipments. Micron expects DRAM and NAND markets to remain supply-constrained through calendar 2028. SanDisk’s partner Kioxia warned that the flash price surge is slowing. Nvidia described its fiscal 2028 growth expectation as supply-constrained. Growth is not the limiting factor for this group. The ability to build, ship and supply at the pace customers want is.

Third, strong results did not protect any of them from falling shares in the first week of November, except for AMD’s after-hours rise on its own announcement. SanDisk beat expectations and fell. Intel beat expectations and fell 29% in a day. Micron had reported a record quarter more than a month earlier and still fell about 14% on 5 November. That pattern is the honest lesson of the week: a good quarter and a rising share price are not the same thing, and guidance, sector sentiment and events outside any one company can matter more than the results themselves.

What to watch next is a short list of verifiable events. Nvidia reports on Tuesday 17 November 2026, after the close, against guidance of about $108 billion in revenue. SanDisk’s 8-for-1 split takes effect for shareholders of record on 9 November, with split-adjusted trading expected from 20 November. Intel’s Classiq acquisition moves toward a closing expected in the first half of 2027. AMD’s forecast of server revenue doubling in 2027 will be tested in the quarters ahead, as will Micron’s expectation that memory markets stay supply-constrained through 2028. Those are the milestones that will show whether the growth in these five companies’ latest results continues, slows, or stalls. This article makes no prediction about any of them, and no recommendation about any share. It records what was reported, what was guided, and how the market reacted, so readers can follow the next set of results with the last set in front of them.

Sources: Zacks, INTC Q3 Earnings Call Highlights: AI Demand and PC Weakness; Zacks, Micron Stock Jumps 36% in Six Months: Is There More Upside Ahead?; ShiftDelete, SanDisk Stock Split; DQ India, AMD AI Data Centre Revenue Nearly Doubles Q3 2026; Zacks, Is Nvidia’s Cheap Valuation an Opportunity to Invest in the Stock?