AI Stock Performance Highlights
The Global X Artificial Intelligence & Technology ETF has surged by 118% over the past three years, significantly outpacing the S&P 500, which rose by 76% during the same period. Key players in this market, Nvidia (NASDAQ: NVDA) and Micron Technology (NASDAQ: MU), are currently valued attractively despite impressive growth rates.
Nvidia’s earnings increased by 60% in fiscal 2026, with projections showing a 73% rise for fiscal 2027. The company commands 81% of the AI chip market, benefiting from a projected 40% annual growth in data center infrastructure investment, expected to reach up to $4 trillion by 2030. Meanwhile, Micron trades at just 11.5 times forward earnings, with anticipated earnings growth of 34% for the next fiscal year, bolstered by a persistent demand for memory chips that exceeds supply.
