NVIDIA has been a major beneficiary of the AI infrastructure wave since 2023; a
$10,000 position bought at the start of 2023 would now be worth more than
$131,000. Investors scouting alternatives point to AI supply-chain plays. Micron
Technology has outperformed NVIDIA since 2023 — a $10,000 stake is now roughly
$181,000, though most gains occurred in the past year. Micron, in a mid-stage
expansion, says storage‑chip shortages driven by hyperscaler AI buildouts will
persist beyond 2027, supporting higher prices, revenue and profit; the shares
trade at a forward P/E of about 12.3x. Nebius Group, an early‑stage neocloud
AI‑first cloud provider, reported Q1 revenue up 684% YoY and faces analyst
projections of ~544% revenue growth in 2026 and ~234% in 2027; the company
remains unprofitable and will likely require external equity or debt to fund
further expansion.
