Wall Street Analysts Predict High Upside for Two Artificial Intelligence Stocks
Driven by rising investments in artificial intelligence infrastructure, Micron Technology and Broadcom stocks are projected to see significant upside potential. Micron's strong financial results and the ongoing chip supply shortage support these expectations.
Wall Street analysts project that Micron Technology and Broadcom shares, which benefit positively from developments in the artificial intelligence sector, could gain 66 percent and 46 percent in value, respectively, over the next year.
High Growth Expectations for Micron and Broadcom
Affected by the artificial intelligence revolution, Micron Technology and Broadcom have seen massive surges in their shares in recent years and continue to remain on analysts' radars. According to Wall Street experts' average price targets, Micron shares have the potential to rise by approximately 66 percent over the next year, while Broadcom shares have the potential to rise by 46 percent.
Micron's Record-Breaking Financial Performance
As a leading memory chip producer, Micron faced intense demand with the acceleration of artificial intelligence infrastructure efforts. The company increased its revenue by 346 percent compared to the same period of the previous year to reach $41.46 billion in the third quarter of fiscal 2026, which ended on May 28, 2026.
In the same period, the company's adjusted earnings per share showed an extraordinary increase of 1,215 percent, rising to $25.11. Experts note that the bottleneck in memory supply could last until at least 2028, helping Micron sustain its strong performance, while it is also stated that investors should take into account the cyclical nature of the industry.