The Zacks Analyst Blog Highlights NVIDIA, Micron Technology and Broadcom

For Immediate Release

Chicago, IL – April 9, 2026 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: NVIDIA Corp. NVDA, Micron Technology, Inc. MU and Broadcom Inc. AVGO.

Here are highlights from Wednesday’s Analyst Blog:

Everyone's Buying NVIDIA — Here Are 2 Smarter AI Stocks for Q2 2026

For years, NVIDIA Corp. has been a Wall Street darling, with its shares scaling upward due to the relentless demand for its cutting-edge chips and graphics processing units (GPUs). However, despite a strong interest in its products, this year has been subdued for the Jensen Huang-led company. Geopolitical tensions and anxiety over a potential cut in spending on artificial intelligence (AI) infrastructure weighed on NVIDIA stock.

Therefore, savvy investors should look beyond NVIDIA and place bets on stocks that have the potential to gain momentum this quarter, and even longer. With hyperscalers announcing huge capital spending on AI this year, Micron Technology, Inc. and Broadcom Inc. stand to gain immensely. In the past year, Micron and Broadcom have soared 384.9% and 81.5%, respectively, outpacing NVIDIA's 55.8% gain. Let us thus explore what makes them strong buys now –

Micron Set to Benefit From Surging AI-Driven Memory Demand

Micron's AI-focused memory solutions continue to see rising demand. In particular, Micron's high-bandwidth memory (HBM) chips are witnessing strong demand, thanks to their ability to handle heavy workloads while delivering improved power efficiency. As hyperscalers continue to expand their AI infrastructure, the demand for HBM chips remains robust.

The HBM chips are currently in a tight supply, creating a demand-supply imbalance, which is likely to push prices higher and benefit Micron over the long run. Micron, at the moment, has a strong pricing power for its DRAM and NAND products, which will drive revenue growth and improve profit margins.

For the fiscal third quarter of 2026, Micron projects revenues of $33.5 billion, more than $23.86 billion reported in the fiscal second quarter of 2026, according to investors.micron.com. Micron expects a high gross margin of 81% for the fiscal third quarter of 2026, reflecting strong financial momentum.

Consequently, Micron's expected earnings growth rate for the current quarter and year is 904.7% and 603.9%, respectively. Brokers are also optimistic about Micron's growth prospects. They forecast the average short-term price target for MU stock at $492.58, reflecting a 30.4% increase from the last closing price of $377.76. The highest target is $750, suggesting a potential upside of 98.5%.

Broadcom Thrives on AI Chips, Boosting Growth

While the latest expansion of deals with Google and Anthropic has given Broadcom a lift, the company is thriving primarily due to its AI semiconductor solutions, including custom AI accelerators and AI networking. The company's AI revenues for the fiscal first quarter of 2026 were $8.4 billion, up 106% year over year, and management expects AI revenues for the fiscal second quarter of 2026 to reach $10.7 billion, according to investors.broadcom.com.

With rising AI demand, Broadcom expects consolidated revenues to hit around $22 billion in the fiscal second-quarter 2026, up from $19.3 billion in the fiscal first quarter of 2026, a tell-tale sign that its position as a dominant infrastructure player enables continuous growth despite its massive size.

Broadcom is exhibiting strong pricing power and improved operational efficiency as it expects an exceptional adjusted EBITDA margin of around 68% of projected revenues in the fiscal second quarter of 2026. Its adjusted EBITDA of $13.1 billion in fiscal first-quarter 2026 was already 68% of revenues.

As a result, Broadcom's expected earnings growth rate for the current quarter and year is 50% and 66.1%, respectively. Brokers, too, are bullish on Broadcom's growth prospects. They estimate an average short-term price target for AVGO stock at $466.65, a 48.4% increase from the last closing price of $314.43. The highest target is $630, suggesting a potential upside of 100.4%.

Both Micron and Broadcom currently have a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 stocks here.

Free: Instant Access to Zacks' Market-Crushing Strategies

Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.

Today you can tap into those powerful strategies – and the high-potential stocks they uncover – free. No strings attached.

Get all the details here >>

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

https://www.zacks.com

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Free Report: Profiting from the 2nd Wave of AI Explosion

The next phase of the AI explosion is poised to create significant wealth for investors, especially those who get in early. It will add literally trillion of dollars to the economy and revolutionize nearly every part of our lives.

Investors who bought shares like Nvidia at the right time have had a shot at huge gains.

But the rocket ride in the "first wave" of AI stocks may soon come to an end. The sharp upward trajectory of these stocks will begin to level off, leaving exponential growth to a new wave of cutting-edge companies.

Zacks' AI Boom 2.0: The Second Wave report reveals 4 under-the-radar companies that may soon be shining stars of AI’s next leap forward.

Access AI Boom 2.0 now, absolutely free >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Micron Technology, Inc. (MU): Free Stock Analysis Report

NVIDIA Corporation (NVDA): Free Stock Analysis Report

Broadcom Inc. (AVGO): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research