Jim Cramer says two stocks will decide stock market's next move

2 days ago 2

Mwangi Enos

Tue, May 5, 2026 astatine 11:47 AM CDT 5 min read

Jim Cramer has a wont of cutting done the sound and pointing astatine thing astir investors are overlooking.

On May 4, helium did it again. In a X post, the "Mad Money" big wrote: "Oracle and SanDisk person go the tells of this market."

That's a bold claim. But erstwhile you look astatine what these 2 companies are doing close now, the logic becomes hard to dismiss. One is selling the infrastructure connected which Artificial Intelligence (AI) runs. The different is selling the representation that AI can't relation without.

Both are supply-constrained. Both are surging. And some are flashing signals astir wherever the full tech assemblage is heading next.

Why SanDisk has go 1 of the astir bonzer banal stories of 2026

SanDisk (SNDK) is up 429% year-to-date. The one-year instrumentality stands astatine 3,550%, according to Yahoo Finance. You mightiness deliberation those numbers are typos, but they are not.

The 37-year-old institution headquartered successful Milpitas, California, United States, made a decisive strategical move. It shed its bequest hard-disk thrust concern wholly and went each successful connected high-density NAND flash and solid-state drives for information centers. The results person been staggering.

In its fiscal 3rd 4th of 2026, SanDisk reported gross of $5.95 billion. That was up 97% sequentially and supra its ain guidance range, according to Sandisk’s April 30 net release.

Datacenter gross specifically surged a monolithic 233%. Gross margins are expanding toward 80%. The institution ended the 4th with a zero indebtedness equilibrium expanse and a recently authorized stock repurchase program.

More Tech Stocks:

Morgan Stanley sets jaw-dropping Micron terms people aft event
Nvidia’s China spot occupation isn’t what astir investors think
Quantum Computing makes $110 cardinal determination cipher saw coming

Fourth-quarter guidance calls for gross of $7.75 cardinal to $8.25 billion, with non-GAAP diluted net per stock of $30.00 to $33.00, according to the aforesaid release.

"This 4th marks a cardinal inflection constituent for SanDisk," said CEO David Goeckeler. "Our exertion enactment is enabling a deliberate displacement successful our premix toward the highest worth extremity markets, led by Datacenter."

SanDisk matters adjacent beyond its ain banal

NAND flash manufacturing capableness for 2026 is fundamentally sold out, according to Forbes. A bidding warfare has emerged for memory. Average selling prices are projected to emergence 70% to 75% successful the 2nd 4th of 2026.

Companies that secured proviso agreements are charging premium prices. According to Reuters, SanDisk locked successful 5 semipermanent contracts, 3 of which are worthy a combined $42 cardinal successful semipermanent proviso agreements.

Read Entire Article