By Keithen Drury
Publication Date: 2026-04-26 05:00:00
Everyone knows Nvidia as the artificial intelligence (AI) chip leader. Its graphics processing units (GPUs) hold the largest market share by far, but they’re not the only game in town. While I think Nvidia is a phenomenal investment in its own right, I think there are several other promising chip stocks that investors may be overlooking.
If you’re looking to increase your exposure to various chip stocks, I think this group of three is an excellent place to start.
Image source: Getty Images.
1. Micron
Micron (MU +3.03%) and Nvidia aren’t competitors; they’re partners. GPUs and other computing devices need memory to rapidly access information to perform their tasks at the fastest speed possible. Micron is a key memory chip provider and is seeing unfulfillable demand. During its last quarterly conference call, its management team noted that they only have half-to-two-thirds of the necessary capacity to fulfill medium-term demand. That showcases a huge demand crunch, and with more and more data centers coming online, this lack of supply will persist for several years.
Today’s Change
(3.03%) $14.60
Current Price
$496.32
Key Data Points
Market Cap
$560B
Day’s Range
$489.40 – $506.98
52wk Range
$73.50 – $506.99
Volume
1.4M
Avg Vol
41M
Gross Margin
58.54%
Dividend Yield
0.10%
As a result, memory chip prices are soaring, leading to booming Micron revenue and earnings. Two quarters ago, Micron generated $13.6 billion in revenue. Last quarter — the second quarter of fiscal year 2026, ended Feb. 26…
