Quantum computing often sparks interest, but in the meantime, companies like Micron and Nvidia are reaping rewards from AI demand.
In recent years, quantum computing stocks have gained considerable attention. Startups have made noteworthy strides, and investors are starting to see the potential in a field predicted to be a $100 billion market by 2035, as highlighted in a June 2025 McKinsey & Company report.
One standout in this sector is IonQ, which has experienced an impressive 550% surge over the past three years. However, it’s important to note that while IonQ’s stock has soared, the company isn’t profitable, and its losses are actually increasing. Moreover, quantum computing remains somewhat uncertain, with many firms claiming it could take years before stable commercial sales are achieved.
With that context in mind, let’s take a look at two promising tech stocks to consider investing in now.
Micron is capitalizing on growth while turning profits
If you’re searching for fast-growing, profitable tech stocks, Micron Technology (MU +2.50%) should definitely be on your radar. This company produces memory processors that are essential to data centers, securing its status as a key player in artificial intelligence (AI).
In the first nine months of 2025, Micron’s revenue jumped by 56%, reaching $13.4 billion. Meanwhile, diluted earnings per share soared by an impressive 167% to $4.78. The company is reaping the rewards of surging spending on data center infrastructure, resulting in such high demand for memory processors that, astonishingly, they’re already sold out for 2026.
To keep up with this demand, Micron plans to invest $200 billion in new factories over the next few years. While that may sound excessive, this is a typical move for major tech companies. Other giants like Meta, Amazon, Alphabet, and Microsoft are allocating up to $650 billion just this year on capital expenditures, mainly for data centers. This increase could sustain memory demand in the coming years.
What makes Micron particularly enticing is its reasonable stock price, currently at 24 times its price-to-earnings ratio—quite a contrast to the tech sector average of around 42 times.
Seize the opportunity with Nvidia’s AI leadership
Nvidia (NVDA +1.44%) remains a top player in AI, a position it has maintained for years. With tech companies clamoring for AI processors, Nvidia controls a staggering 86% of the AI GPU market.
This dominance translated to a 67% increase in data center revenue, hitting $51 billion in the third quarter of fiscal 2026, alongside a 60% rise in adjusted earnings per share, which reached $1.30. Like Micron, Nvidia stands to gain significantly from the uptick in capital expenditures by tech firms over this year and beyond.
Although competition is present, Nvidia benefits from an intrinsic advantage; many of its hardware customers also utilize the company’s CUDA software, effectively keeping them within Nvidia’s ecosystem.
It might feel like an inopportune moment to invest in Nvidia, but don’t forget, we’re still in the early stages of the AI journey. Even if AI infrastructure spending eventually cools, the demand for advanced processors is likely to persist. As the largest tech company intensifies its focus on maintaining an edge in the AI landscape, Nvidia’s processor business seems poised to enjoy ongoing benefits in the years ahead.
