Key Points
2026 is coming to a close, but that doesn’t mean investors should ignore the remaining months. In fact, November averages the highest S&P 500 (SNPINDEX: ^GSPC) monthly returns of any month. Now, whether this will hold in 2026 is still a mystery, but I believe there are several attractive stocks that investors should consider buying at today’s levels.
At the top of my shopping list are Nvidia (NASDAQ: NVDA), Micron (NASDAQ: MU), and Broadcom (NASDAQ: AVGO). All three of these companies have deep roots in the AI build-out, and each looks like a smart buy right now.
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Huge demand is coming for these three
All three of these stocks are central pieces of the AI build-out.
Nvidia makes the world’s leading AI computing units. Its graphics processing units (GPUs) have become the industry standard for AI computing, and every other computing unit is compared to their price and performance. Nvidia has been the top AI investment since the AI build-out kicked off in 2023, yet 2026 hasn’t been its best year, at least from a stock perspective. Nvidia has delivered incredible growth, with it reporting a 106% growth rate last quarter. The future is also bright, because Nvidia informed investors that 2027’s revenue growth will be about 70%. Those are strong future projections and make Nvidia a smart stock to invest in now.
Broadcom is an Nvidia challenger. While Nvidia’s GPUs excel in just about any situation, Broadcom is taking a different approach to AI computing. It’s working directly with AI hyperscalers to design computing units tailored to their workloads. This allows its custom AI chips to outperform Nvidia GPUs in these scenarios and drives down usage costs.
While not every application can use a custom AI chip, a growing number of them can, and Broadcom expects to deliver monster growth over the next few years. For 2026, it expects AI semiconductor revenue to be about $58 billion. That figure will double to $115 billion in 2027, and $230 billion in 2028. That’s huge growth in the next few years, and shareholders should see massive gains in the near future.
Both Broadcom’s and Nvidia’s computing units require memory chips inside them to function properly, and one of the biggest manufacturers of those is Micron. The memory chip industry came under scrutiny in 2026, as it didn’t have enough supply to meet demand. It’s not going to get any better, as Micron’s CEO noted that market conditions will likely get tighter in 2027 and 2028 than they were in 2026.
While that’s not great news for its clients, it’s great news for Micron, and as a result, its investors. Micron will likely continue to experience huge revenue and earnings growth over the next few years as the AI build-out stays intense. Even after the AI build-out is wrapped up, Micron has now started to get its clients to sign supply agreements that will decrease the severity of any market downturns. This is great for Micron’s future and will likely lead to strong performance.
But just how good of a return can investors expect?
2027 will be huge for this trio
Micron has already entered fiscal year 2027, so I’ll value the stock using its forward earnings.
MU PE Ratio (Forward) data by YCharts. P/E = price-to-earnings.
At just 5.5 times forward earnings, Micron is a dirt cheap stock and primed to soar. If it hits expectations and rises to 15 times trailing earnings, that would indicate about a triple for the stock.
Nvidia and Broadcom aren’t as cheap as Micron, but they’re still very attractive. When next year’s earnings estimates are used, Nvidia trades for just 13.5 times next year’s earnings, while Broadcom is at 18.
NVDA PE Ratio (Forward 1y) data by YCharts.
That means not a lot of 2027’s growth has been priced into these two stocks, which means there could be a huge end-of-year rally for them.
As a result, November is shaping up to be a great month to buy these three AI stocks.
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Keithen Drury has positions in Broadcom, Micron Technology, and Nvidia. The Motley Fool has positions in and recommends Broadcom, Micron Technology, and Nvidia. The Motley Fool has a disclosure policy.
