According to Mizuho Securities, Nvidia is the undisputed leader in the AI hardware field, but recently Broadcom and Micron Technology have performed outstandingly, enough to compete with Nvidia and together form the "AI three knights". Over the past seven trading days, Broadcom's stock price has risen by more than 28%, and its market cap has surpassed $800 billion. Meanwhile, Micron Technology's stock price has risen 18% in the past eight trading days, and its market cap has reached $170 billion.
There is a strong competitor emerging in the AI hardware industry.
AI leader$NVIDIA (NVDA.US)$The stock price has recently risen continuously, and the market cap has surpassed$Apple (AAPL.US)$becoming the number one and standing out. On the other hand, the inconspicuous$Broadcom (AVGO.US)$ and $Micron Technology (MU.US)$is also quietly catching up.
According to Jordan Klein, an analyst at Mizuho Securities, NVIDIA is undoubtedly the leader, but recently, Broadcom and Micron Technology have performed remarkably well and are enough to rival NVIDIA, forming the "AI Three Knights" together.
The most obvious performance is in their stock prices.
As of Tuesday, Broadcom's stock price has risen for seven consecutive trading days, with a cumulative increase of more than 28%, breaking through the $800 billion market cap threshold in a very short period of time.
The smaller market cap$Micron Technology (MU.US)$, the stock price has risen in seven of the past eight trading days, with a cumulative increase of about 18%, and the current market cap is about $170 billion.
The rise of the "AI Three Knights" cannot help but remind people of the 2000 Internet bubble, when Microsoft, Intel, Cisco, and Dell's influence was so great that they were called the "Four Knights".
Broadcom has a complete portfolio of semiconductor products, and its leading position in network and communication technology makes it play an important role in supporting AI infrastructure (such as data centers and cloud computing). Efficient network and communication solutions are crucial for the transmission and processing of AI data.
As one of the world's leading memory manufacturers, Micron Technology's high-bandwidth memory (HBM) technology is particularly important in AI applications. HBM can provide higher data transfer speeds and lower latency, which are crucial for processing large amounts of data in AI models. With the increase of AI and big data applications, the demand for high-performance storage solutions is also growing rapidly, and Micron's technological advantages in this field make it a key supplier.
Klein pointed out that Micron Technology's financial results next week are more likely to be a positive catalyst, as Micron's management will spare no effort to emphasize the advanced HBM products they provide for NVIDIA and other AI chip manufacturers, which are in short supply and prices are also rising. After all, major tech giants dedicated to AI competition are somewhat FOMO about AI storage products, meaning they are afraid of missing out.
Matt Bryson, an analyst at Wedbush, is also optimistic about Micron Technology's future potential and predicts that its financial performance will continue to be good for a considerable period of time, and its stock will continue to rise until there is a change in industry investment plans.
Editor/Somer