These 3 Chip Stocks Could Be Entering a New Growth Cycle

Quick Read

• AMD's Meta concern anchors its MI450 GPU ramp toward $700, portion Micron's 5x guardant P/E makes a $1,600 terms people amazingly defensible.

• Marvell acceptable an all-time design-win grounds successful FY2026, with Data Center present 76% of gross and CEO Matt Murphy raising his FY2028 outlook.

• Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and AMD didn't marque the cut. Grab the names FREE today.

The AI infrastructure buildout has re-rated an full tier of semiconductor names successful 2026, and 3 basal retired arsenic candidates for a caller limb higher into 2027. AMD (NASDAQ: AMD) is up 122.33% twelvemonth to date, Micron Technology (NASDAQ: MU) has gained 188.55%, and Marvell Technology (NASDAQ: MRVL) has climbed 121.03%.

After a summertime pullback, I privation to locomotion done what it would instrumentality for each to notch different round-number milestone successful 2027.

AMD: The Path to $700

Lisa Su told investors AMD is seeing "accelerating request for AI infrastructure, with Data Center present the superior operator of our gross and net growth". Q1 gross deed $10.253 cardinal (up 37.9% YoY), and Q2 guidance calls for $11.20 billion, implying astir 46% YoY growth. The Meta concern covering up to 6 gigawatts of Instinct GPUs anchors the MI450/Helios ramp.

At $480.18, AMD trades astatine 66x guardant earnings. Wall Street's people sits astatine $579.11 with 42 Buy oregon Strong Buy ratings. Polymarket assigns a 94.5% probability to AMD beating its adjacent quarter. A $700 people implies a akin guardant aggregate against rising 2027 EPS estimates, plausible if the MI450 ramp lands cleanly.

Micron: The Path to $1,600

Micron's fiscal Q3 was the astir melodramatic representation 4th I've covered: gross of $41.456 cardinal (up 345.72% YoY), non-GAAP EPS of $25.11, and non-GAAP gross borderline of 84.9%. CEO Sanjay Mehrotra called representation "a strategical asset" successful the AI era, with Q4 guided to $50 cardinal and EPS of $31. That's 7 consecutive EPS beats.

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Shares commercialized astatine $816.12, a 20.26% pullback from the July peak. Forward P/E is conscionable 5x, and the statement people is $1,522.26. A determination to $1,600 would inactive permission Micron trading adjacent 10x guardant earnings, defensible if HBM4 measurement shipments and multi-year Strategic Customer Agreements clasp pricing done 2027.

Marvell: The Path to $300

Marvell's Q1 FY2027 gross was $2.418 cardinal (up 27.6% YoY), with Data Center present 76% of the mix. CEO Matt Murphy said Marvell is "significantly raising Marvell's gross outlook for some fiscal 2027 and fiscal 2028", driven by 800G/1.6T optics, 51.2T Ethernet switches, and customized XPU wins.