AI Boom Stocks: Nvidia, Micron, Sandisk Soar, but Networking Companies May Be Next Big Winners

Nvidia was one of the first to benefit from the AI boom, whose stock has risen by 1,360% since January 2023. The company's graphics processing units are crucial for accelerating AI training and inference tasks.

Micron and Sandisk followed suit, with their memory chip and storage solutions becoming a bottleneck in the industry. Micron is up 1,690% and Sandisk 3,860% since January 2023.

Wall Street analysts think networking companies like Astera Labs and Arista Networks will be the next big winners. They design semiconductors and software that connect primary compute chips to peripheral components.