In this article, we will list the 5 Best Performing AI Stocks Over the Last 3 Years. Please visit 10 Best Performing AI Stocks Over the Last 3 Years if you’d like to see an extended list and the methodology behind it.
5. Micron Technology, Inc. (NASDAQ:MU)
Micron Technology, Inc. (NASDAQ:MU) is one of the best performing AI stocks over the last 3 years, with a 3Y CAGR of 152%.
On June 24, Micron disclosed 16 strategic customer agreements carrying $22 billion of commitments to secure memory-chip supply. Reuters reported that the multi-year arrangements include take-or-pay provisions, cash deposits, and pricing floors; 14 agreements represented roughly $100 billion of remaining performance obligations. The structure is notable because it asks customers to share more of the capacity and pricing risk that memory producers historically carried themselves.
Micron also reported quarterly revenue of $41.46 billion and adjusted earnings of $25.11 per share. Management said AI demand and structural supply constraints could keep conditions tight beyond 2027. That outlook is supportive, but the contracts do not eliminate cyclicality. Additional industry capacity, cheaper memory alternatives, or weaker end demand could eventually reduce pricing power. For now, the agreements provide a firm demand signal and show how critical high-bandwidth memory and storage have become to AI deployments.
Micron Technology, Inc. (NASDAQ:MU) develops memory and storage products, including DRAM, NAND, NOR, high-bandwidth memory, and solid-state drives for data centers, AI systems, clients, mobile devices, vehicles, and industrial applications.
4. Credo Technology Group Holding Ltd (NASDAQ:CRDO)
Credo Technology Group Holding Ltd (NASDAQ:CRDO) is one of the best performing AI stocks over the last 3 years, with a 3Y CAGR of 153%. On July 6, William Blair analyst Sebastien Naji named Credo his top semiconductor pick for the next six months. That followed several constructive June calls. Evercore ISI analyst Mark Lipacis initiated coverage on June 22 with an Outperform rating and a $325 target, describing Credo as an AI-connectivity leader moving from a mainly copper portfolio toward a combined copper-and-optical offering.
The same day, Stifel analyst Tore Svanberg maintained a Buy rating and raised his target to $350 from $250 after management meetings, citing the company’s vertically integrated, system-level approach across both technologies. Bank of America kept Buy on June 26. The common thread is that larger AI clusters require more high-speed, energy-efficient connections. Credo’s active electrical cables, digital signal processors and optical products address that need. Risks include customer concentration, rapid interface transitions, and expectations that already assume substantial growth.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) provides high-speed connectivity solutions, including active electrical cables, digital signal processors, retimers, SerDes chiplets, and optical components for hyperscale, cloud, and AI networks.
