Nvidia, Micron, and Amazon Lead AI Stock Charge in September

Nvidia is one of the top AI stocks to buy, according to recent earnings reports. In its fiscal 2027 second quarter, Nvidia grew revenue at a 106% year-over-year pace, far surpassing expectations. The company's management team expects 70% revenue growth for fiscal 2028, which is well above what Wall Street analysts projected.

Micron is another AI stock benefiting from the memory chip shortage. Due to demand exceeding supply, prices are skyrocketing, and Micron's revenues and earnings are increasing as a result. The company is working on building new production facilities that will come online in 2027 and 2028, leaving plenty of time for investors to profit.

Amazon, while not typically considered an AI stock, is making significant investments in its cloud computing division, Amazon Web Services (AWS). These heavy investments are starting to deliver revenues and earnings, with AWS' growth rate accelerating at a 37% year-over-year pace in the second quarter. This trend will push Amazon's profits higher at a quicker rate than revenue.

Historically, September has been a bad month for the stock market, but these three stocks look like prime buying opportunities right now. Their future growth rates are promising, and investors would be smart to buy them as soon as possible.