U.S. stock markets continued to rally in 2025, largely driven by the technology sector’s adoption of generative artificial intelligence (AI). Key players in this space include NVIDIA Corp. (NVDA), Micron Technology Inc. (MU), and Marvell Technology Inc. (MRVL), all expected to dominate the AI landscape into 2026.
NVIDIA reported a revenue growth rate exceeding 50% for the tenth consecutive quarter, with third-quarter revenues of $65 billion anticipated for fiscal 2026. The company’s Data Center segment contributed 89.8% of overall revenues, reflecting a 66% year-over-year increase. Similarly, Marvell’s data center revenues reached $1.52 billion, up 37.8% year-over-year, while Micron’s cloud memory business saw sales surge 99.5% to $5.28 billion.
All three companies have demonstrated strong fundamentals, with projected earnings and revenue growth rates significantly above industry averages. For instance, Micron expects fiscal second-quarter revenues between $18.3 billion and $19.1 billion, while NVIDIA anticipates a non-GAAP gross margin of 75% for its fourth quarter.
