Back to News
investment

2 Unstoppable Growth Stocks to Buy Right Now for Less Than $1,000

newsfeedback@fool.com (James Brumley)
Loading...
5 min read
0 likes
⚡ Quantum Brief
Two high-growth tech stocks—SanDisk and ASML—defy broader market weakness due to surging AI-driven demand, with both priced under $1,000 per share despite recent rallies. SanDisk, a pure-play NAND memory manufacturer, benefits from a global shortage as AI data centers drive prices up nearly 100% since late 2025, with revenue expected to double by mid-2026. Analysts project SanDisk’s earnings per share to more than double to $80.90 in 2027, valuing the stock at just 8x future earnings, suggesting significant upside remains despite its 130% rally. ASML holds an 80%+ monopoly on extreme ultraviolet lithography machines, essential for advanced chipmaking, with each unit costing $400 million, ensuring long-term demand from TSMC, Samsung, and Intel. The AI hardware market’s projected 18% annual growth through 2034 positions ASML for sustained revenue expansion, justifying its premium valuation amid occasional order volatility.
AI Audio Summary
0:00 / 0:00
Click to play
generated-image (58).png
Quantum News · Media Library

Don't let their recent bullishness deter you. Both underlying companies should continue firing on all cylinders, even if other growth names start to struggle from here.Most investors already know that a bunch of growth stocks are struggling right now, as their underlying companies run straight into the headwinds of fiscal reality. Now and then, though, some growth trends are too big and too strong to be derailed. Stocks of these companies often defy broad market weakness. Here's a rundown of two such growth stocks you can buy right now for less than $1,000. Their persistent bullishness may mean you're paying a bit of a premium to own either one. But these prices may end up being worth it in the long run. Image source: Getty Images. Sandisk You're probably already aware there's currently a serious shortage of DRAM computer memory made by names like Micron Technology and Samsung. Blame insatiable demand from artificial intelligence (AI) data centers, mostly. It's not just DRAM, though. Disk drives and flash drives are also in short supply, and likely will be for a while. That's why NAND memory prices have nearly doubled just since the end of last year, and are expected to keep climbing through the second quarter. What's painful for consumers and corporations that use computer technology, however, isn't all bad. This frustrating dynamic is great news for the companies that make these disc drives and flash drives. And perhaps the name with the most to gain from this shortage is pure-play memory manufacturer Sandisk (SNDK +3.45%). Analysts expect its revenue to essentially double during the fiscal year ending in June, pushing it out of the red and back into the black. ExpandNASDAQ: SNDKSandiskToday's Change(3.45%) $20.69Current Price$621.09Key Data PointsMarket Cap$89BDay's Range$590.10 - $634.4852wk Range$27.89 - $725.00Volume19MAvg Vol16MGross Margin34.81% Sure, the stock's 130% rally from its 2025 low makes it a bit uncomfortable to step into now; these big run-ups usually invite equally big profit-taking. Just take a step back and look at the bigger picture. The NAND memory shortage is not only a boon for Sandisk right now, but should prove to be even more lucrative once it levels off in 2027. The analyst community is calling for this fiscal year's per-share earnings of $39.76 to more than double to $80.90 next year. Priced at only 8 times that latter figure, there's still plenty of room for SNDK to keep running. ASML The other top growth stock to consider buying right now is ASML (ASML 0.82%). It's not a household name, but that doesn't mean it isn't a crucial company. Netherlands-based ASML doesn't just make the equipment required to manufacture computer chips. It effectively enjoys a patent-protected monopoly on the ultraviolet lithographic equipment needed to make high-performance silicon; most estimates put its market share of this sliver of the microchip market in excess of 80%.

Taiwan Semiconductor Manufacturing, the aforementioned Samsung, and Intel are among its biggest customers, although most of the major semiconductor names rely on its wares. The chief challenge here is price. ASML's newest state-of-the-art lithography machines sell for about $400 million apiece, and their buyers will of course need more than one. This sort of capital outlay requires some planning. Sometimes, a would-be buyer decides to put a purchase of this size on hold, and the company's occasional revenue swoon shows it. Data by YCharts. As with Sandisk, though, take a step back and look at the bigger picture here. The one thing no technology company can really afford to do in the long run is let a competitor gain an edge -- they'll pay for ASML's tech sooner or later simply because they have to, particularly when it comes to artificial intelligence. That's why Global Market Insights expects the worldwide AI hardware market to grow at an average annual pace of 18% through 2034, a pace that ASML's top line is expected to at least match for the next couple of years. And that's why its stock's sizable advance since early last year may still be well away from its top.Read NextFeb 19, 2026 •By Stefon WaltersIs It Too Late to Buy Sandisk Stock?Feb 18, 2026 •By Harsh ChauhanIs Sandisk the Next Nvidia?Feb 16, 2026 •By Adam SpataccoIs Sandisk the New Nvidia?Feb 16, 2026 •By Adam SpataccoIs Sandisk the Next Nvidia?Feb 15, 2026 •By Dave KovaleskiUp 131 YTD%, Should You Buy Sandisk Stock Right Now?Feb 14, 2026 •By Geoffrey SeilerTop Stocks to Double Up on Right NowAbout the AuthorJames Brumley is a contributing Motley Fool stock market analyst covering consumer staples and consumer discretionary stocks. James is a former licensed stockbroker with Charles Schwab, and a registered investment adviser. He holds a bachelor’s degree in business management with a specialization in finance from Transylvania University.TMFjbrumleyX@jbrumleyStocks MentionedSandiskNASDAQ: SNDK$621.09 (+3.45%) $+20.69ASMLNASDAQ: ASML$1456.74 (0.82%) $11.98*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Read Original

Tags

quantum-algorithms

Source Information

Source: The Motley Fool

Discussion

0 professional contributions

Sign in to join this professional discussion.

Be the first to add a constructive contribution.