3 Tech Stocks Beating Nvidia This Year That Still Look Cheap

Core Viewpoint - The article discusses three technology stocks—Micron, Lam Research, and Intel—that are outperforming Nvidia in 2025, highlighting their attractive valuations and potential for growth in the AI sector [3][9]. Company Summaries Micron (MU) - Micron has seen a remarkable year with a 137% increase year-to-date, driven by demand in the AI data center market [10]. - The company has a trailing price-to-earnings (P/E) ratio of 27.2, indicating it still has room for growth as AI demand continues [10][11]. - Analysts suggest that DRAM could be a significant growth area, as high-performance memory is essential for AI and data centers [11]. Lam Research (LRCX) - Lam Research has gained 103% year-to-date, benefiting from the AI wave [12]. - Analysts believe that the full impact of AI on Lam Research's performance is yet to be realized, with expectations of further price target increases [12][13]. - The company is viewed positively due to cyclical and structural tailwinds in the semiconductor equipment sector [13]. Intel (INTC) - Intel has achieved an 89% increase year-to-date, supported by investments from the U.S. government and other firms [14]. - The company plans to launch a new AI data center chip named Crescent Island next year, which could enhance its competitive position in the AI market [15]. - Analysts are optimistic about Intel's prospects, suggesting it could continue to outperform Nvidia in the coming years [15].