Juggernaut Stocks to Hold for the Next Decade: Nvidia, Sandisk, and Amazon
Nvidia, Sandisk, and Amazon are three juggernaut stocks that have impressive growth prospects for the next decade. Nvidia has seen significant earnings growth due to the rising demand for AI chips.
The company's GPUs are essential in data centers, particularly those dealing with hyperscalers' demands. Its recent earnings report showed a 106% year-over-year revenue surge in its fiscal 2027 second quarter, outpacing net income growth of 126%. Nvidia's CEO Jensen Huang cited the 'golden age of new AI labs and start-ups' as a major catalyst for this growth.
Sandisk is another company with strong fundamentals. It has established itself as a key player in the memory boom and has secured multiyear partnerships with top customers, providing more revenue visibility. The company earned $8.97 billion in its fiscal 2026 fourth quarter and only guided for up to $8.25 billion previously.
Amazon is gaining market share in multiple industries, including e-commerce, cloud computing, advertising, and AI. Its online marketplace still dominates sales, but the tech giant has also emerged as the largest cloud computing provider, with AWS revenue jumping 37% year-over-year in Q2.