March 31, 2024, 5 a.m.
1861

None

Brief news summary

The AI revolution has led to notable gains in stock prices for companies such as Nvidia and Palantir Technologies. Now, Broadcom and Micron Technology are poised to join the trend, with expectations for a significant rise in their share prices. Broadcom's recent announcement of securing three major customers for its custom AI chips, potentially including Amazon, Apple, or ByteDance, is set to bolster its already impressive growth in AI chip sales. Additionally, Micron Technology has experienced a surge in stock price due to strong earnings driven by the increasing demand for memory chips used in AI servers, PCs, and smartphones. Analysts foresee continued growth in the AI market for both Broadcom and Micron, leading to improved sentiment among investors and higher price targets. Given their attractive valuations and potential for substantial increases, these stocks are worth considering for investment.

The AI craze has led to significant stock price gains for companies like Nvidia and Palantir Technologies. Now, Broadcom and Micron Technology are also expected to experience a parabolic jump in their share prices due to their growing AI credentials.

Broadcom recently announced three customers for its custom AI chips, while Micron's revenue and earnings have surged due to increased demand for memory chips in AI servers, PCs, and smartphones. Both companies are projected to exceed growth expectations and could see their stock prices soar.


Watch video about

None

Try our premium solution and start getting clients — at no cost to you

I'm your Content Creator.
Let’s make a post or video and publish it on any social media — ready?

Language

Hot news

Dec. 15, 2025, 1:26 p.m.

AI Drives Record $336.6B Cyber Week Sales, Salesf…

Salesforce’s analysis of the 2025 Cyber Week shopping period reveals record global retail sales totaling $336.6 billion, marking a 7% increase from the previous year.

Dec. 15, 2025, 1:24 p.m.

AI Extinction Risks: Musk and Amodei Warn of 10-2…

The rapid advancement of artificial intelligence (AI) has sparked significant debate and concern among experts, particularly about its long-term impact on humanity.

Dec. 15, 2025, 1:21 p.m.

Get In Before Wall Street Does: This AI Marketing…

This is sponsored content; Barchart does not endorse the websites or products mentioned below.

Dec. 15, 2025, 1:16 p.m.

Google DeepMind's AlphaCode: AI Competes in Progr…

Google's DeepMind has recently unveiled an innovative AI system called AlphaCode, representing a major leap forward in artificial intelligence and software development.

Dec. 15, 2025, 1:15 p.m.

Well-Known SEO Explains Why AI Agents Are Coming …

I’m closely monitoring the emergence of agentic SEO, convinced that as capabilities advance over the next few years, agents will significantly influence the industry.

Dec. 15, 2025, 1:10 p.m.

Salesforce’s Peter Lington on preparing defense d…

Peter Lington, Area Vice President at Salesforce’s Department of War, highlights the transformative effects that advanced technologies will have on the Department of War within the next three to five years.

Dec. 15, 2025, 9:35 a.m.

Sprout Social's Strategic Position in the Evolvin…

Sprout Social has firmly established itself as a leading player in the social media management industry by embracing advanced AI technology and forging strategic partnerships that foster innovation and enhance service offerings.

All news

AI Company

Launch your AI-powered team to automate Marketing, Sales & Growth

and get clients on autopilot — from social media and search engines. No ads needed

Begin getting your first leads today