NVIDIA Corporation (NVDA) achieved a 95.4% stock gain over the past year, driven by increasing demand for its AI chips. Nonetheless, Broadcom Inc. (AVGO) and Micron Technology, Inc. (MU) outperformed with gains of 130.4% and 561%, respectively. Broadcom reported a revenue of $19.3 billion for Q1 2026, expecting $22 billion in Q2. Its AI revenues surged 106% year over year to $8.4 billion, and it anticipates further growth to $10.7 billion in Q2.
Micron’s revenue reached $23.86 billion in Q2 and is projected to rise to $33.5 billion in Q3 2026, thanks to strong demand for its AI memory solutions. The company anticipates a gross margin of 81% for Q3, with a remarkable earnings growth rate of nearly 604% for the year. Analysts target an average price for MU stock at $546.09, suggesting a 17.3% increase from its last closing price.
