This Artificial Intelligence (AI) Stock Could Make Investors Richer by the End of 2026
We’re only a month away from 2026 and it already looks like it artificial intelligence (AI) stocks Another year full of strong gains is expected. As hyperscalers continue to expand their data center capacity, investors understand that semiconductor stocks in particular will benefit.
The smartest investors are realizing that their AI budgets are no longer just about purchasing GPUs and networking equipment. Keeping this in mind, Micron Technology (NASDAQ:MU) looks like something The best AI chip stocks to buy in 2026.
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According to an estimate made by Goldman SachsBig tech will spend more than $500 billion on AI capex in 2026. If you had only paid attention to the headlines, you would have thought that every penny of this was going to the world’s coffers. Nvidia, Advanced Micro DevicesAnd broadcom. At this point, it seems like these three chip designers are announcing new deals or strategic partnerships almost every day.
What most investors miss is this: As more GPU clusters are built, AI developers are maximizing their training and inference capabilities. Expanding AI workloads face bottlenecks when it comes to memory and storage.
Micron specializes in high-bandwidth memory (HBM) chips. To make clear just how vital this area of the chip world is, consider that the company estimates that the total addressable market for HBM solutions will grow at a compound annual rate of 40% over the next few years, reaching $100 billion by 2028.
Given that Micron’s trailing 12-month revenue wasn’t even half the expected HBM market size, I think the company may be on the verge of an epic growth curve.
In this environment, and given that demand for memory far outstrips supply, Micron has a lot of leverage to raise the prices of memory and storage chips. Therefore, the company needs to be able to complement its revenue momentum with healthy profit margins.
Micron shares are up nearly 300% in the past year. You might think it’s too late to buy stocks after this kind of gain.
While a rally of this magnitude in such a short time frame would usually cause the stock to become overbought, Micron is a rare exception to this principle.
Micron’s forward price-to-earnings (P/E) ratio is considerably lower than other leading semiconductor companies. Even after the stock’s meteoric rise, Micron’s valuation pales in comparison to other mission-critical chip players.
