The market keeps climbing, with high-tech sectors leading the charge. The Nasdaq Composite has hit record levels. While this surge has enhanced stock prices overall, there are still some growth stocks that hold good value for those considering purchases.
Let’s explore three particularly appealing options—I might just grab them myself.
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Will AI create the world’s first millionaire? Our team released a report on a lesser-known company dubbed “Indispensable Monopoly,” which supplies critical technology essential to both Nvidia and Intel.
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Nvidia: the king of AI infrastructure
Despite its rapid expansion, Nvidia’s stock prices are still fairly valued. The expected price/earnings ratio is 27.5 times this year’s estimates, dropping to 20 times for next year’s earnings.
The AI market is evolving, with many more potential winners emerging, but Nvidia stands out as a reliable choice. The firm leads in the AI model training sector, and thanks to its robust CUDA software platform, that dominance seems stable for the foreseeable future.
The company is also making strides in inference and agent AI. Nvidia has integrated Groq’s Language Processing Unit technology into its CUDA ecosystem and developed its own CPU, marking its territory as a significant player in both hardware and software for agentic AI.
Nvidia isn’t resting on its laurels—this dynamism is a solid reason to consider investing now while prices are still reasonable.
Micron: Memory Supercycle Winner
Micron Technology is trading at a forward P/E ratio significantly lower than forecasts for FY2027. This stock appears underpriced, with promising prospects ahead. Given the volatile nature of the dynamic random access memory (DRAM) market, its value has typically been lower, but changes are brewing, especially with high-bandwidth memory becoming crucial for AI infrastructure.
Micron is trading at an appealing forward P/E of less than 8x its 2027 predictions, positioning it favorably for future growth.
GPUs and other AI ASIC accelerators need to be paired with HBM for optimal performance; in some cases, inference may require even more memory than training. While Nvidia uses SRAM in its LPUs, HBM remains the preferred memory type due to its compact size, accommodating larger models more effectively.
With long-term contracts in motion and the demand for HBM climbing alongside its AI accelerators, Micron looks set for impressive growth in the coming years.
Amazon: the leader in e-commerce and cloud
Another stock worth considering is Amazon. The company is seeing a boost in valuation, with its stock trading at a forward P/E of 31. While that seems high, it still offers a discount compared to traditional retailers like Walmart and Costco, which exceed a P/E ratio of 40. Plus, Amazon’s retail operations are expanding faster than those of its competitors, aided by robots and AI that enhance efficiency.
Simultaneously, Amazon Web Services (AWS) is accelerating its growth. This segment is the company’s most profitable and sees significant investments aimed at meeting soaring demand. Partnerships with Anthropic and OpenAI, along with a $200 billion capital investment this year, indicate that AWS revenue will continue its upward trajectory. The custom chip sector, utilizing Trainium accelerators and Graviton CPUs, is also thriving, contributing to cost savings.
Amazon is a stock that has experienced a noteworthy rise, and many anticipate it will continue this trend.
Should you buy Nvidia stock now?
Before you consider buying Nvidia stock, here are some points to weigh:
According to reports, our analysts have identified certain stocks seen as top picks right now—Nvidia isn’t included among them. These alternatives could offer significant returns in the coming years.
For context, if you’d invested $1,000 in Netflix when it was recommended back in 2004, that would be worth about $469,293 today; similarly, a $1,000 investment in Nvidia from its recommendation in 2005 would amount to around $1,381,332 today.
It’s also noteworthy that the average return from our recommendations has been impressive—about 993%, compared to the S&P 500’s 207% growth. Don’t overlook the latest top 10 stock list.
*Stock Advisor will return on May 17, 2026.
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3 highly attractive Nasdaq stocks to buy before it’s too late
