2 Fast-Growing AI Stocks That Could Become the Next NVIDIA

Group 1: NVIDIA Corporation - The AI boom has propelled NVIDIA to become the most valuable company with a market capitalization of $4.3 trillion, driven by demand for its GPUs and Blackwell chips [2] - NVIDIA's share price has increased by 27.7% over the past year, reflecting its strong sales and profit growth in the AI hardware market [2] Group 2: Palantir Technologies Inc. - Palantir's revenue for the third quarter reached $1.18 billion, marking a 63% year-over-year increase, with significant contributions from the U.S. commercial segment, which saw a 121% increase [4] - The company has raised its revenue outlook for Q4 to between $1.327 billion and $1.331 billion, and for the full year to between $4.396 billion and $4.400 billion, driven by rising demand for its AI solutions [3][4] - Palantir's expected earnings growth rates are 64.3% for the current quarter and 42.5% for the next year, with a GAAP net income of $476 million reported in Q3 [5] Group 3: Micron Technology, Inc. - Micron has raised its fiscal first-quarter revenue guidance to $12.5 billion, driven by strong demand for its AI-focused high-bandwidth memory (HBM) chips [9] - The company's revenues for the fiscal fourth quarter were $11.32 billion, up from $7.75 billion a year ago, and projected revenues for full fiscal 2025 are $37.38 billion, up from $25.11 billion [9][10] - Micron's projected earnings growth rates are 110.6% for the current quarter and 23.4% for the next year, with a net income of $8.54 billion for the full fiscal year [10]