These 3 Stocks Have Been the Hottest Buys on the Nasdaq-100 This Year, and Here's Why They Could Still Go Higher

Tech stocks proceed to beryllium blistery buys connected Wall Street owed to artificial quality (AI) and each the opportunities that it is opening up for their businesses. Thus acold successful 2026, the Nasdaq Composite, which features galore large names successful tech, has risen by much than 10%, outpacing the S&P 500's 8% gain.

More specifically, determination person been immoderate important gains from stocks connected the Nasdaq-100 index, which features the largest stocks connected the exchange. Sandisk (NASDAQ: SNDK), Micron Technology (NASDAQ: MU), and Marvell Technology (NASDAQ: MRVL) are each up much than 200% arsenic of Tuesday's adjacent and are the apical performers connected the index. And portion their gains person been stellar, here's wherefore they could inactive emergence higher this twelvemonth and implicit the agelong run.

Missed Nvidia successful 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" awesome flashed for a little-known chipmaker called Nvidia. For the archetypal clip successful years, that aforesaid "Total Conviction" awesome is flashing for a institution 1/100th the size of Nvidia. Continue »

Sandisk

Shares of Sandisk person risen an unthinkable 594% this year, and it is the best-performing banal connected the Nasdaq-100. It's a reasonably caller stock, having spun disconnected from Western Digital aboriginal past year. Sandisk's absorption connected flash memory, which has been successful precocious request arsenic a effect of heightened investments successful AI, has made it 1 of the astir sought-after stocks to own, with retail investors anticipating continued robust demand.

At astir $240 cardinal successful marketplace cap, Sandisk's valuation is not arsenic precocious arsenic that of different tech giants, which is simply a crushed investors whitethorn inactive spot much upside for the banal successful the agelong run. In its astir caller quarter, which ended connected April 3, gross of conscionable nether $6 cardinal was up a staggering 251% twelvemonth implicit year.

Sandisk's concern has been increasing fast, and portion the banal whitethorn beryllium volatile fixed however rapidly it has risen, it's besides imaginable to emergence higher arsenic agelong arsenic request remains strong. The banal is trading astatine a guardant price-to-earnings (P/E) aggregate of 25, which arguably isn't each that precocious for a apical maturation stock, fixed the S&P 500 mean is simply a aggregate of 22.

Micron Technology

Although it's the second-best-performing banal successful the Nasdaq-100, Micron has besides been delivering unthinkable returns; arsenic of the extremity of Tuesday, it was up 228%. Its representation products person besides been successful precocious demand, peculiarly for its high-bandwidth representation that is needed for AI chips. Business has been truthful beardown that it has shifted absorption to chiefly serving large tech companies arsenic they physique retired their AI infrastructure.