CoreWeave has long-term revenue contracts with committed revenue.
Sandisk specialized in memory and storage products that play an important role in digital technology.
The S&P 500 has started to fall since oil prices have started to soar, which means that there might be some great bargains on the horizon.
Not all stocks are down this year, though. At the time of this writing, Sandisk (NASDAQ: SNDK) stock continues to skyrocket, up 179% in 2026, and CoreWeave (NASDAQ: CRWV) is up a more temperate 13%. Here's why both of these stocks could go parabolic.
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CoreWeave provides an artificial intelligence (AI) infrastructure platform for hyperscalers and developers. It offers high power and competitive pricing, and as AI demand increases across the board, revenue has been skyrocketing. It's increased 300% from the time CoreWeave went public just over a year ago.
Since AI development is still in its infancy, CoreWeave has a long growth runway, and it's investing in its business to capture the opportunity. It has 43 data centers today, including 11 in the U.S. and Europe that it opened in 2025. Since its work is contract-based, the company has locked in committed revenue sources for the coming years. However, it continues to build new data centers and position itself to benefit from the AI explosion.
It has achieved this attention because of its partnership with Nvidia. Nvidia has been a major investor in CoreWeave, which is one of the company's main customers for its graphics processing units (GPUs). Nvidia strengthened the relationship in January with the announcement of a new $2 billion investment in the company.
There's a fair amount of risk in investing in CoreWeave stock today, since it isn't profitable and has a huge debt load. However, it trades at a surprisingly reasonable price of 6.7 times trailing 12-month sales, and it has incredible potential.
Sandisk also went public just over a year ago, and its stock is up more than 1,000% since then. The company is also centered around AI, providing storage solutions for data and memory. It's most sought-after for its NAND flash memory products, which retain data when devices are powered off and are a vital component of today's digital technology.
The company is growing at a fast rate, and unlike CoreWeave, it's extremely profitable. It's meeting the moment by developing products crucial for AI, but it's been around for a long time and has other thriving segments. Revenue increased 61% year over year in the fiscal 2026 second quarter (ended Jan. 2), and net income rose from $104 million to $803 million. Data center revenue is a major growth driver, up 76% year over year.
Despite its incredible growth, Sandisk stock is attractively priced, trading at a price-to-earnings (P/E) ratio of only 15. At that price, there's tons of room to grow in the near term, in addition to its huge long-term growth runway.
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Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.