Top Wall Street Analysts Tag Amazon, SanDisk, and Nebius as Prime Buys Amid AI Infrastructure Surge

Wall Street pros identify Amazon, SanDisk, and Nebius as top stocks for 2026, driven by massive AI infrastructure deals and record AWS cloud growth.

By: AXL Media

Published: Apr 6, 2026, 9:14 AM EDT

Source: Information for this report was sourced from TipRanks.com

Amazon Web Services Captures Record OpenAI Partnership

J.P. Morgan analyst Doug Anmuth has reaffirmed his conviction in Amazon, raising his price target to $280 while designating the stock as a "best idea" for 2026. This optimism is anchored by a landmark $138 billion, eight-year agreement between Amazon Web Services (AWS) and OpenAI. Despite near-term headwinds from rising fuel costs and international growth investments, AWS is projected to maintain growth rates near 30% throughout the year. Anmuth notes that the shift of traditional workloads to the cloud, combined with rapid AI adoption, is expected to swell the AWS backlog by $100 billion in the first quarter alone, positioning the company at the forefront of the artificial intelligence race.

SanDisk Capitalizes on High Demand for NAND Memory

Following strategic meetings with executive leadership, Bank of America analyst Wamsi Mohan has reiterated a buy rating on SanDisk with a price target of $900. The firm is benefiting from a structural shift where AI inference makes NAND flash memory an indispensable component for hyperscale data centers. To mitigate historical industry cyclicality, SanDisk is moving toward a new business model characterized by long-term supply agreements featuring both fixed and variable pricing. Management has signaled a disciplined approach to capacity, capping supply growth in the high teens for 2026 to 2027 while focusing on higher-margin enterprise solid-state drives (eSSDs) to capture increased market share.

Nebius Secures Massive AI Infrastructure Deal with Meta

Cloud infrastructure provider Nebius has emerged as a dominant "neocloud" player following the announcement of a $27 billion agreement with Meta Platforms. Alexander Platt of D.A. Davidson subsequently raised his price target for the company to $200, noting that the deal includes $12 billion for the provision of Vera Rubin systems starting in 2027. This contract, which supplements existing agreements with Microsoft, brings Nebius’ total backlog to nearly $50 billion. The company’s aggressive plan to deploy over 5 gigawatts of capacity by 2030 suggests it is well-positioned to secure further hyperscaler contracts as demand for dedicated AI compute power continues to outpace available supply.