In this article, we will discuss: 8 Best Affordable AI Stocks to Buy Right Now.
On May 12, Bloomberg reported that growing demand for artificial intelligence is causing substantial rises in infrastructure costs, with hyperscalers facing rising component pricing as well as expanding data center investments. Morgan Stanley anticipates that US hyperscaler capital expenditure will surpass $1 trillion by 2027, while Chris Bryant, Bloomberg Opinion Columnist, expects businesses to spend “several trillion dollars” in the coming years. James Covello, Goldman Sachs’ global head of equity research, stated that “nearly all of the value has accrued to the chip layer,” calling the trend “unprecedented and unsustainable.” Bryant noted that chip shortages are limiting supplies for consumer electronics, raising prices.
Costs continue to rise as supply limitations persist, with one prominent chip foundry expecting over $56 billion in expenditure but still failing to fulfill demand. Chris stated that one large software corporation anticipates component inflation to add $25 billion to capital spending, while a major social media company raised its prediction by $10 billion. As per Bryant, one memory chipmaker reported operating margins as high as 72%, while another reported DRAM pricing hikes of more than 90%.
With that said, here are the 8 Best Affordable AI Stocks to Buy Right Now.
Photo by Possessed Photography on Unsplash
Methodology:
We used screeners to identify AI stocks that are trading below a forward P/E of 15, and limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
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8. Micron Technology, Inc. (NASDAQ:MU)
Forward P/E: 7.60
On May 12, Bill Baruch, founder and president of Blue Line Capital, trimmed nearly half his position in Micron Technology, Inc. (NASDAQ:MU) near a $900 target. The company was Bill’s largest position until the “euphoria got too loud to ignore.”
On the same day, Micron Technology, Inc. pushed deeper into AI infrastructure. The company reported that it sampled 256GB DDR5 RDIMM modules to key ecosystem partners, delivering speeds up to 9,200 MT/s, “greater than 40% faster” than current modules, while cutting operating power by more than 40% compared to dual 128GB setups.
Raj Narasimhan, the firm’s cloud memory unit head, said the product allows “significantly higher performance,” pointing to gains in capacity, bandwidth, and efficiency.
The business said it is co-validating the modules with partners to accelerate installation, targeting data center clients creating AI and high-performance computing systems at scale.
Micron Technology, Inc. provides innovative memory and storage solutions. It operates in four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit.
7. Workday, Inc. (NASDAQ:WDAY)
Forward P/E: 11.99
Workday, Inc. (NASDAQ:WDAY) is among the Best Affordable Stocks.
On May 15, BWG Global downgraded Workday, Inc. to Negative from Mixed, reporting checks showing partner sentiment “deteriorated further during fiscal Q1.”
On May 13, Workday, Inc. reported that it integrated its Sana Self Service Agent into Microsoft 365 Copilot, allowing employees to complete HR and finance tasks without leaving the platform. The company said the tool will help users to get answers and take action directly within Microsoft 365 while maintaining security and compliance controls.
Joel Hellermark, the corporation’s Sana general manager, said “answers simply appear where people already are,” describing the agent’s ability to handle routine workflows inside Copilot.
Srini Raghavan, corporate vice president at Microsoft 365, said the step lets employees access support “in the tools they use every day” while retaining governance. The firm said the solution is broadly available, adding that interactions occur through its platform to protect data control and enforce existing standards.
Workday, Inc. develops enterprise cloud applications for finance and human resources. It provides financial management, human capital management, and analytics solutions for businesses, educational institutions, and government bodies.
6. Accenture plc (NYSE:ACN)
Forward P/E: 12.05
On May 14, Accenture plc (NYSE:ACN)’s subsidiary Accenture Federal Services and OpenAI announced a strategic partnership to advance AI usage across all the US federal agencies. It stated that Accenture Federal will act as an implementation partner, helping clients move from experimentation to production “in weeks, not years.”
The companies said the initiative combines OpenAI’s models with Accenture Federal’s engineering and security capabilities, expanding access through governance frameworks and federal-ready deployment patterns. It will also allow agencies to modernize legacy systems and migrate AI workloads faster.
Ron Ash, CEO of Accenture plc (NYSE:ACN)’s Accenture Federal Services, said the partnership is for agencies to scale AI quickly, adding that OpenAI enables leaders “to accelerate AI to mission scale from pilots to production at speed.”
Joe Larson, OpenAI’s VP for Government, said the collaboration “gives agencies a faster, safer path” to operational impact. The firms said Accenture Federal will place trained architects, support FedRAMP-aligned pathways, and provide thousands of practitioners with access to OpenAI tools.
Accenture plc (NYSE:ACN) is a multinational professional services firm that helps corporations, governments, and other organizations develop their digital core, streamline their operations, accelerate revenue growth, and improve citizen services, resulting in concrete value at speed and scale. The company includes cloud, data, and AI technologies with industry knowledge, functional expertise, and global delivery capabilities. It offers Strategy & Consulting, Technology, Operations, Industry X, and Song. It operates in three geographical segments: North America, EMEA, and Growth Markets.
5. Super Micro Computer, Inc. (NASDAQ:SMCI)
Forward P/E: 12.63
Super Micro Computer, Inc. (NASDAQ:SMCI) is one of the Best Affordable Stocks.
On May 12, Mizuho analyst Vijay Rakesh raised Super Micro Computer, Inc.’s price goal to $36 from $30. It maintained a “Neutral” rating on the shares. The analyst pointed out that agentic AI demand is fuelling server growth as well as increasing semiconductor estimates after the March quarter.
Separately, on May 6, Reuters reported Super Micro Computer, Inc. forecast fourth quarter revenue of $11 billion to $12.5 billion, exceeding LSEG estimates of $11.07 billion, and projected adjusted EPS of $0.65 to $0.79 compared to expectations of $0.55. It sent shares up 18% in extended trading.
CEO Charles Liang said on the post-earnings call that demand remained strong throughout data center and cloud products. The company reported revenue of $10.24 billion in the third quarter, growing more than 122% year over year, but missed analyst estimates of $12.33 billion, Reuters said.
Liang added that sites in Taiwan, Malaysia, and the Netherlands are “ramping up aggressively,” while CFO David Weigand said “there has been no change in allocations” with vendors.
Super Micro Computer, Inc. distributes and manufactures information technology solutions, as well as other computer goods. Its products include twin solutions, MP servers, GPU and coprocessor, MicroCloud, AMD solutions, power supplies, SuperServer, storage, motherboards, chassis, super workstations, accessories, SuperRack, and server management products.
4. Wipro Limited (NYSE:WIT)
Forward P/E: 12.64
On May 15, Wipro Limited (NYSE:WIT) reported that it completed the acquisition of Olam Group’s IT and digital services unit, Mindsprint, following regulatory approvals. It integrated the business as a wholly owned subsidiary operating as “Mindsprint, a Wipro Company.”
The company noted it originally announced the deal on April 6 as part of an eight-year strategic transformation engagement with Olam Group, which has nearly 40,000 people and is majority owned by Temasek Holdings. Mindsprint brings over 3,200 professionals and capabilities across supply chain, commodity trading, and IP-led platforms, including Farmsprint and Tradesprint, Wipro Limited noted.
Vinay Firake, CEO of Wipro APMEA, said the acquisition “strengthens Wipro’s position in supply chain and commodity trading” and expands its ability to deliver AI-powered transformation at scale.
Mindsprint CEO Suresh Sundararajan said joining Wipro Limited provides “greater scale” and access to consulting and AI capabilities, allowing broader, complete transformation for clients.
Wipro Limited is a multinational information technology, consulting, and outsourcing firm that creates and applies solutions. It operates in three segments: information technology services, India state-run enterprise services, and information technology products.
3. UiPath, Inc. (NYSE:PATH)
Forward P/E: 13.00
On May 15, RBC Capital lowered its price target on UiPath, Inc. (NYSE:PATH) to $12 from $14. It reaffirmed a “Sector Perform” rating on the shares. The firm noted a cautious stance ahead of Q1 results, stating the company must show sustained progress in non-seed pricing while job postings “look negative.”
Separately, on May 5, UiPath, Inc. reported the launch of agentic AI capabilities within its Automation Suite to support on-premises and self-hosted positioning for government agencies and regulated industries. The company said the platform enables agencies to deploy AI using cloud-hosted or self-hosted models while maintaining control over data residency and compliance requirements.
The company also reported that the suite runs across AWS, Microsoft Azure, and OpenShift, integrating orchestration through UiPath Maestro and supporting end-to-end workflow automation. Chris Radich, public sector CTO, said the firm works on helping agencies control data and AI usage while running workflows end to end and meeting security and compliance standards.
UiPath, Inc. develops and provides a software platform for automating business operations. The company services the public, healthcare, telecommunications, finance, and banking sectors. It also automates accounts payable, claims processing, contact center, and finance and accounting automation.
2. Hewlett Packard Enterprise Company (NYSE:HPE)
Forward P/E: 13.00
On May 15, JPMorgan raised its price target on Hewlett Packard Enterprise Company (NYSE:HPE) to $37 from $27. It maintained an Overweight rating on the shares. The firm cited easing memory-related concerns and expected earnings estimate increases to support medium-term growth and valuation multiples.
On May 12, Hewlett Packard Enterprise Company announced new GreenLake innovations. It introduced private cloud, storage, and data protection solutions to simplify operations and accelerate AI data pipelines. The company added that its HPE Private Cloud now integrates Kubernetes management with ProLiant Compute Gen12, unifying cloud-native and virtualized workloads on a single system.
It also said HPE Alletra Storage MP X10000 delivers file and object storage on one platform, while new agentic AI capabilities span Alletra Storage MP B10000, Zerto Software, and Data Fabric Software.
Fidelma Russo, EVP and CTO, said enterprises face soaring demands from AI-driven modernization, adding the company plans to unite cloud, data, and protection while simplifying migration and strengthening resilience.
Hewlett Packard Enterprise Company is a global edge-to-cloud firm that provides information technology, technology, and enterprise products, solutions, and services. It operates in Server, Hybrid Cloud, Intelligent Edge, Financial Services, Corporate Investments, and Others segments.
1. Atlassian Corporation (NASDAQ:TEAM)
Forward P/E: 14.01
Atlassian Corporation (NASDAQ:TEAM) is among the Best Affordable Stocks.
On May 11, Oppenheimer raised its price target on Atlassian Corporation to $110 from $100. It retained an “Outperform” rating on the shares. The firm noted the company’s confidence in its strategy and AI-driven platform value.
On April 30, Atlassian Corporation reported revenue of $1.787 billion, growing by 32% YoY for the third quarter of fiscal 2026. Cloud revenue shot up by 29% to $1.132 billion, the company said. Remaining performance obligations rose 37% to $3.996 billion.
CEO Mike Cannon-Brookes said the company delivered “strong Q3 results,” and noted larger customer commitments and expansion across its AI-powered platform. CFO James Chuong added that cloud growth accelerated as customers increased usage of AI capabilities. The firm also reported a GAAP operating loss of $56.3 million and a net loss of $98.4 million, both widening YoY, including restructuring charges totaling $223.8 million.
On a non-GAAP basis, Atlassian Corporation posted operating income of $607.2 million and net income of $456.5 million, with margins expanding to 34%.
Atlassian Corporation is a holding company that provides software for team collaboration and productivity. Its product line includes Jira Software, Confluence, Jira Service Management, and Loom.
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