Micron and Broadcom: 2 Critical AI Infrastructure Enablers

Several stocks have seen increased interest as of late, including Micron MU and Broadcom AVGO. Given the recent spike in interest, let’s take a closer look at how each presently stacks up and what’s been driving the positivity behind each.

Micron’s Critical AI Role

Micron is a world leader in memory and storage solutions. Shares have been red hot as its products become critical in data centers, which require massive, high-speed capacity to handle scaling AI workloads.

Micron’s sales have risen sharply over recent periods, with the company posting record quarterly revenue in four consecutive quarters. The sales surge has been led by a favorable demand picture thanks to the AI buildout.

Below is a chart illustrating MU’s quarterly sales over the last decade, with the longer-term timeframe helping show just how outsized growth has been over recent periods.

Micron isn’t just breaking sales records, as it also posted all-time highs across EPS, free cash flow, and its gross margin…