Data: FactSet; Chart: Matt Phillips/AxiosThe AI-driven price boom for memory chips and products will keep Sandisk and Micron Technology atop the sales leaderboard this earnings season, Wall Street says.Why it matters: The massive sales rises these companies are expected to notch — as well as their guidance on coming quarters — could reassure investors with jitters about the durability of the AI boom.Just to be clear, the 345% increase for Micron — which reports very late in the cycle — is for the as-yet unreported quarter, not the giant fiscal Q3 numbers reported late last month. The Q3 numbers, coincidentally, showed 345% growth for the top line as well. Zoom out: The AI boom is clearly the catalyst for the companies Wall Street expects the most from.This includes Lumentum — which makes fiber-optic networking equipment — Nvidia, Broadcom, server assembler Super Micro and Teradyne, which makes equipment for semiconductor testing. Yes, but: There are a few surprises in here. For instance, medical diagnostics company Waters Corp. is expected to double sales because of an acquisition. A deal is also behind the big jump in sales for grain processing giant Bunge Global. Meanwhile, defense, intelligence and AI software company Palantir — a stock market darling in 2024 and 2025 — continues to be expected to generate really strong growth.But that hasn't done much for Palantir's stock price, which is down about 30% this year, and roughly 40% from its peak in late 2025. Between the lines: Sometimes, such as in the case of Palantir, the stock market prefers a journey toward growth and profitability rather than actually achieving it. What we're watching: Whether these giant numbers, should they be achieved, actually excite the market. Just last week, gobsmacking results from South Korean chip giant Samsung were followed by a steep selloff.
Memory chip companies expected to report big leaps in sales as earnings arrive
Another quarter showing huge sales of memory chips could reassure investors nervous about the durability of the AI boom.







