10 Best Tech Stocks for the Next 5 Years

8. Micron Technology (NASDAQ:MU)

Market Cap: $1,001.07 billion

Number of Hedge Fund Holders: 184

Micron makes the memory chips that AI servers, phones and PCs rely on, including the high-bandwidth memory that sits beside AI processors. The case for the stock is that AI demand has multiplied its sales and its profit on each dollar of them.

Fiscal fourth-quarter revenue was $54.23 billion, against $11.32 billion a year earlier. Full-year revenue came in at $133.19 billion, compared with $37.38 billion the year before. Gross margin reached 86.8% in the quarter, up from 44.7% a year earlier, and the Core Data Center business unit brought in $18,002 million at a 90% gross margin. That shows how quickly demand for AI memory has changed the company.

For the fiscal first quarter, Micron guided revenue of $61.5 billion, plus or minus $1.5 billion. Chief Executive Officer Sanjay Mehrotra said he expects an even stronger fiscal 2027 and said the company’s strategic customer agreements add confidence in the durability of its financial performance. Earnings per share grew 70.65% a year over the past five years. Our analysis of what Wall Street may be missing about Micron’s low earnings multiple looks at how the market prices all of this.

7. Broadcom (NASDAQ:AVGO)

Market Cap: $1,556.59 billion

Number of Hedge Fund Holders: 170

Broadcom supplies semiconductors and infrastructure software, and it has become a leading maker of the custom AI accelerators and networking chips that fill data centers. Investors like it because that AI business is growing faster each quarter.

In the fiscal third quarter, revenue was $29.6 billion, up 86% from a year earlier. AI semiconductor revenue was $16.7 billion, up 221% from a year earlier and up 54% from the previous quarter. Software still adds a steady base alongside the chips. Chief Executive Officer Hock Tan said demand for the company’s custom accelerators and networking remains very strong. For the fiscal fourth quarter, Broadcom guided revenue of about $34.8 billion, up 93%, and expects AI semiconductor revenue to accelerate to $21.7 billion, up 236%.

The company turned that growth into cash. It generated $13.7 billion of free cash flow in the quarter, or 46 percent of revenue, and declared a quarterly dividend of $0.65 per share. Earnings per share grew 49.76% a year over the past five years. Our analysis of whether Broadcom’s growth is becoming too dependent on AI spending covers the main question around that run.