Nvidia Gets the Glory, But These Three Stocks Are Quietly Winning the AI Race

TLDR

• TSMC expects nearly 30% revenue growth in 2026, driven by AI chip manufacturing demand
• Broadcom projects over $100 billion in AI chip sales by 2027 via custom silicon and networking
• Micron beat Wall Street revenue estimates thanks to surging high-bandwidth memory demand
• All three stocks carry strong analyst buy ratings with zero sell recommendations
• Micron’s heavy capital spending plans concerned some investors despite strong earnings

Taiwan Semiconductor Manufacturing, Broadcom, and Micron are drawing attention from analysts as spending on AI infrastructure keeps rising. Each company fills a different role in the supply chain that makes AI chips work at scale.

Nvidia gets most of the headlines in the AI trade, but these three companies supply the parts and services that sit behind Nvidia’s products.

NVIDIA Corporation, NVDA

TSMC manufactures chips for many of the world’s top chip designers, including Nvidia and AMD. In January, the company said it expects 2026 revenue to grow by close to 30% in US dollar terms, driven by demand for AI accelerators.

Because TSMC works with multiple chip designers, it does not need to pick a winner in the AI chip race. It earns revenue from AI spending across the board.

Broadcom flagged TSMC’s production capacity as a bottleneck through 2026, pointing to tight supply in advanced chip manufacturing. That constraint could support pricing for TSMC.

Out of 15 analysts tracked by MarketBeat, 13 have bullish ratings on TSMC — including 10 buys and 3 strong buys — with 2 holds and zero sell ratings.

Broadcom’s Two-Track AI Strategy

Broadcom is building its AI position through two areas: custom chip design for cloud companies and networking hardware that links AI clusters together.

Broadcom Inc., AVGO

Reuters reported this month that Broadcom expects more than $100 billion in AI chip sales by 2027. The growth is being driven by large cloud companies designing their own AI processors instead of buying standard GPUs.

Broadcom also supplies the switching and connectivity hardware needed to run large AI data centers, giving it exposure beyond chip design alone.

Analyst sentiment on Broadcom is strong. MarketBeat shows 33 ratings, with 29 buys and 1 strong buy, against 3 holds and no sell ratings. The consensus is “Moderate Buy.”

Micron’s Memory Business Gets an AI Boost

Micron produces high-bandwidth memory, a component now considered essential for AI servers and accelerators.

Reuters reported last week that Micron delivered a strong quarter and forecast revenue well above Wall Street expectations. AI memory demand was the key driver.

Micron is one of only three major suppliers of high-bandwidth memory globally. That limited competition supports pricing power.

The company’s increased capital spending plans worried some investors even after the strong earnings beat.

Analyst ratings remain bullish. MarketBeat shows 38 total ratings — 29 buys and 5 strong buys — with 4 holds and no sell ratings on record.

Micron’s revenue guidance above Wall Street estimates was the most recent earnings catalyst for the stock heading into the current quarter.

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