This Artificial Intelligence (AI) Stock Could Make Investors Richer by the End of 2026

Core Viewpoint - Artificial intelligence (AI) stocks, particularly in the semiconductor sector, are expected to see strong gains in 2026, with Micron Technology identified as a top AI chip stock to consider for investment [1] Industry Insights - Big tech companies are projected to spend over $500 billion on AI capital expenditures in 2026, with a significant focus on memory and storage solutions [3] - The increasing demand for AI workloads is creating bottlenecks in memory and storage, highlighting a critical area for investment [4] Company Analysis - Micron Technology specializes in high-bandwidth memory (HBM) chips, with a forecasted total addressable market for HBM solutions expected to grow at a 40% compound annual rate, reaching $100 billion by 2028 [5] - Demand for memory is currently outpacing supply, providing Micron with leverage to increase prices for its memory and storage chips, which should enhance revenue and profit margins [6] - Despite a nearly 300% increase in Micron's stock price over the past year, its forward price-to-earnings (P/E) ratio remains lower than that of other leading semiconductor companies, indicating potential for further growth [7][8]