Forget the 'Magnificent Seven': 3 AI Stocks Are Just Getting Started, Foreign Media Names Them

The era of the "Magnificent Seven" tech giants may be waning, with a new set of AI-focused companies poised for significant growth. While the "Magnificent Seven" have led the market for years, their growth rates have largely plateaued around 30%. Now, The Motley Fool highlights three emerging AI stocks that are just starting their growth trajectories: Micron Technology, Sandisk, and Nebius.

Micron Technology, a manufacturer of NAND and DRAM memory chips, is experiencing unprecedented demand due to AI infrastructure development. Both types of memory are in short supply, driving up prices and boosting Micron's revenue and profits. Analysts predict substantial growth for Micron, with 197% revenue growth expected in fiscal year 2026 and 63% in 2027, indicating that despite a significant stock price increase, there is still room for further gains.

Sandisk, another memory chip manufacturer specializing in NAND flash memory for solid-state drives (SSDs), is also struggling to meet the immense demand from the AI sector. Although smaller than Micron, Sandisk reported a 251% year-over-year revenue increase in its most recent quarter, reaching $5.95 billion. Wall Street forecasts strong future performance, with 167% revenue growth expected in fiscal year 2026 and 122% in 2027.

Nebius, a new cloud computing company building data centers focused on AI services, is also a key player in the memory chip shortage. The company saw a remarkable 684% year-over-year revenue increase in the first quarter alone. Nebius has ambitious expansion plans to capture market share amid high demand. Analysts project a staggering 551% revenue growth for the remainder of 2026 and 224% in 2027, with its revenue expected to grow twentyfold between the end of 2025 and 2027.