Prediction: 3 Stocks That Will Benefit More From the AI Boom Than Nvidia by 2028

By Geoffrey Seiler – Mar 26, 2026 at 7:30AM ESTKey PointsBroadcom has a huge opportunity from custom artificial intelligence (AI) chips.AMD should see agentic AI be a big boost to its data center CPU business. Micron's business appears to becoming less cyclical as it rides the AI data center buildout.The artificial intelligence (AI) infrastructure market is booming, and Nvidia remains king. However, as the world's largest company, its stock may not have as much upside as some others in the space. Let's look at three AI stocks that could outperform it over the next few years. Image source: Getty Images. 1. Broadcom The AI infrastructure market is seeing a shift toward custom AI chips, benefiting Broadcom (AVGO +0.16%). The company is a leader in application-specific integrated circuit (ASIC) technology, where it helps provide the blueprints and intellectual property to turn its customers' chip designs into physical chips that can be manufactured at scale. Broadcom helped Alphabet develop its highly successful Tensor Processing Units (TPUs), which continues to be a nice tailwind. ExpandNASDAQ: AVGOBroadcomToday's Change(0.16%) $0.52Current Price$318.81Key Data PointsMarket Cap$1.5TDay's Range$316.72 - $324.3052wk Range$138.10 - $414.61Volume143KAvg Vol26MGross Margin64.96%Dividend Yield0.78% At the same time, other hyperscalers (owners of large data centers) have turned to Broadcom to help develop their own custom AI ASICs, including Meta Platforms and OpenAI. Broadcom projects it will generate more than $100 billion in AI chip revenue alone in fiscal 2027, which is about five times the total AI revenue it produced in fiscal 2025. Meanwhile, Broadcom's ASIC business also helps feed into its data center networking business, where the company is a leader in Ethernet technology with its Tomahawk solution. With Broadcom poised for explosive growth over the next few years, it's a top AI stock to own. 2. AMD As the distant No. 2 player in the graphics processing unit (GPU) market behind Nvidia, Advanced Micro Devices (AMD +7.24%) has the opportunity to grow more quickly, given its much smaller revenue base. Meanwhile, two large partnerships with OpenAI and Meta Platforms should be a big revenue growth driver for AMD. ExpandNASDAQ: AMDAdvanced Micro DevicesToday's Change(7.24%) $14.87Current Price$220.24Key Data PointsMarket Cap$359BDay's Range$211.46 - $221.3352wk Range$76.48 - $267.08Volume9.6KAvg Vol37MGross Margin45.99% As part of the deals, both customers have committed to purchasing 6 gigawatts of GPUs from AMD, which will require them to integrate its ROCm software platform into their data centers. In exchange, both customers will receive warrants representing up to 10% of the ownership in AMD, with vesting contingent on deliveries and AMD's share price. This incentivizes both OpenAI and Meta to help AMD succeed and become a more important player in the fast-growing inference market. The biggest growth driver for AMD, though, may actually be in the data center central processing unit (CPU) market, where it is the market leader. While GPUs provide the muscle, CPUs act as the brain, and with the emergence of agentic AI, there will be a much greater need for high-performance CPUs to coordinate the data flow and logic behind AI agents. Between its GPU partnerships and growing data center CPU demand, AMD looks well positioned to outperform moving forward. 3.

Micron Technology While Micron Technology (MU 3.34%) shares took a breather after the memory maker posted amazing fiscal second quarter results, the company is still one of the best-positioned companies in the AI infrastructure space, and its stock trades at a forward price-to-earnings (P/E) ratio of below 4.5 times fiscal 2027 analyst estimates. ExpandNASDAQ: MUMicron TechnologyToday's Change(-3.34%) $-13.22Current Price$382.31Key Data PointsMarket Cap$431BDay's Range$371.56 - $388.9252wk Range$61.54 - $471.34Volume25KAvg Vol37MGross Margin58.54%Dividend Yield0.12% That low valuation stems from the historically cyclical nature of the memory business, which has seen a lot of boom-and-bust cycles in the past. However, for GPUs and other AI chips to perform at their best, they need to be packaged with a special form of DRAM (dynamic random-access memory) called high bandwidth memory. However, the three big DRAM makers, which also include Korean companies Samsung and SK Hynix, are now looking to lock in longer-term supply deals, which should help increase visibility and reduce some of the cyclical nature of their business. Micron recently confirmed that it has signed its first five-year strategic customer commitment, marking a major shift from its traditional one-year agreements. While Micron doesn't have the same moat or technological edge as Nvidia, it is ultimately riding the same secular tailwinds. As such, the valuation gap between the two companies should not be as wide, which sets its stock up to outperform.Read NextMar 25, 2026 •By James HiresOpenAI Just Became Broadcom's Newest Chip Customer. Here's Why That's a Massive Deal for 2026.Mar 24, 2026 •By Geoffrey SeilerPrediction: The "Million-XPU" Data Center Will Be the Most Important Artificial Intelligence (AI) Trend of 2026. Here's 1 Stock to Own.Mar 24, 2026 •By Justin Pope1 Oversold AI Stock to Buy Before It Rebounds This SpringMar 23, 2026 •By James HiresBroadcom's AI Revenue Just Doubled to $8.4 Billion. Is This the Most Underrated Artificial Intelligence (AI) Stock of 2026?Mar 23, 2026 •By Scott LevineCan You Invest in Anduril Pre-IPO?

Everything You Need to Know in 2026Mar 23, 2026 •By Rich SmithWhy Broadcom Stock Popped TodayAbout 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 MentionedBroadcomNASDAQ: AVGO$318.81(+0.16%)+$0.52Micron TechnologyNASDAQ: MU$382.09(-3.40%)-$13.44Meta PlatformsNASDAQ: META$594.67(+0.29%)+$1.75AlphabetNASDAQ: GOOGL$290.84(+0.14%)+$0.40Advanced Micro DevicesNASDAQ: AMD$220.24(+7.24%)+$14.87NvidiaNASDAQ: NVDA$178.62(+1.95%)+$3.42AlphabetNASDAQ: GOOG$289.59(+0.14%)+$0.39Samsung ElectronicsOTC: SSNLF$64.82(+55.02%)+$23.00*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.