Prediction Markets Are Booming, but I'd Rather Bet on These 3 AI Stocks

By Geoffrey Seiler – Mar 8, 2026 at 7:15PM ESTKey PointsNvidia is set to see its strong growth continue as the GPU market leader.AMD has a huge opportunity in the data center CPU market.Micron is poised to continue to benefit from HBM demand. The prediction markets are booming, with people able to "bet" on anything from sports to geopolitical event outcomes on these platforms. However, while these products are technically futures contracts that fall under the jurisdiction of the Commodity Futures Trading Commission, I wouldn't consider them a great investment vehicle. Instead, I'd recommend sticking with stocks. On that front, let's look at three artificial intelligence (AI) stocks to bet on right now. Image source: Getty Images. Nvidia If you want to invest in AI, you don't need to be cute and find some under-the-radar name no one has ever heard of before. In fact, buying the largest company in the world will suffice. That, of course, would be Nvidia (NVDA 2.94%), whose graphics processing units (GPUs) are the primary chips used to power AI workloads. ExpandNASDAQ: NVDANvidiaToday's Change(-2.94%) $-5.39Current Price$177.95Key Data PointsMarket Cap$4.3TDay's Range$176.83 - $182.7552wk Range$86.62 - $212.19Volume6MAvg Vol177MGross Margin71.07%Dividend Yield0.02% Meanwhile, the company has grown to become the largest company in the world by having a wide moat that stems from its CUDA software platform. With AI infrastructure spending set to continue climbing higher, Nvidia is a great stock to continue to bet on.

Advanced Micro Devices While a distant No. 2 to Nvidia in the GPU market, Advanced Micro Devices (AMD 3.46%) looks poised to take some share following large deals with OpenAI and Meta Platforms, where the two companies will also take stakes in the chipmaker. Given its much smaller revenue base compared to Nvidia, these commitments should be a huge growth driver for the company, while it looks to continue to carve a niche in the fast-growing inference market. ExpandNASDAQ: AMDAdvanced Micro DevicesToday's Change(-3.46%) $-6.91Current Price$192.54Key Data PointsMarket Cap$314BDay's Range$191.27 - $200.2352wk Range$76.48 - $267.08Volume1.5MAvg Vol36MGross Margin45.99% Not to be overlooked is the company's position in the central processing unit (CPU) data center space, where it is the current market leader. With the proliferation of AI agents, there will need to be a lot more CPUs, representing a huge growth opportunity for AMD. Micron Technology A bet on Micron Technology (MU 6.68%) is a bet that the cyclical nature of its business is going to turn into a secular trend powered by the AI data center boom. The company is one of the big three among makers of dynamic random-access memory (DRAM), and GPUs and other AI chips need to be packaged with a specialized form of DRAM called high bandwidth memory (HBM) to perform at their best. ExpandNASDAQ: MUMicron TechnologyToday's Change(-6.68%) $-26.51Current Price$370.54Key Data PointsMarket Cap$417BDay's Range$367.50 - $391.1752wk Range$61.54 - $455.50Volume1.5MAvg Vol34MGross Margin45.53%Dividend Yield0.12% HBM is in short supply while demand is through the roof, and that is only being exacerbated by the fact that HBM requires upward of three times the wafer capacity of regular DRAM. Given this dynamic, Micron is seeing both its revenue surge and its gross margins balloon. It's also starting to get longer-term commitments for HBM. Given these dynamics, the stock still has plenty of room to run. Read NextMar 8, 2026 •By Will HealyWhy Risk-Averse Investors Should Buy Nvidia StockMar 8, 2026 •By James HiresAmazon Just Committed $200 Billion to Capital Expenditures. This Is the AI Stock That Will Benefit Most in 2026.Mar 8, 2026 •By Leo SunThe Artificial Intelligence (AI) Stock That Smart Money Is Buying This MarchMar 8, 2026 •By Jennifer SaibilCan Nvidia Stock Double by 2030?Mar 7, 2026 •By Geoffrey Seiler5 Hyper-Growth Tech Stocks to Buy in 2026Mar 7, 2026 •By Ryan Vanzo1 Number From Nvidia's Earnings Report That Changes EverythingAbout the AuthorGeoffrey Seiler is a contributing Motley Fool stock market analyst covering technology, consumer goods, healthcare, energy, and materials stocks. Prior to The Motley Fool, Geoffrey was a senior equity analyst at Raging Capital Management, a $600 million long-short hedge fund. He holds a bachelor’s degree in history from Haverford College.TMFFindProfitStocks MentionedNvidiaNASDAQ: NVDA$177.95(-2.94%)-$5.39Micron TechnologyNASDAQ: MU$370.54(-6.68%)-$26.51Advanced Micro DevicesNASDAQ: AMD$192.54(-3.46%)-$6.91*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.