Nvidia is still one of the top AI stocks to buy, and it showed that last week by reporting incredible earnings for the second quarter of its fiscal 2027 (which ends in January 2027). It blew away all expectations and grew revenue at a 106% year-over-year pace. Nvidia is the world’s largest company, making it hard to fathom how it could keep doubling its revenue year over year, but that’s exactly what it’s doing. <\/p>\n Investors are worried about what future demand for its GPUs will look like, but Nvidia’s management team calmed these fears. CFO Colette Kress noted on the conference call that management expects 70% revenue growth for fiscal 2028, which is well above what Wall Street analysts projected. <\/p>\n That kind of growth rate is simply incredible, and few companies can match it. As a result, I think Nvidia is well worth buying now,<\/a> as the market hasn’t really done a lot with that new information. <\/p>\n Micron <\/p>\n Micron is another company cashing in on the AI build-out. It manufactures memory chips, which are currently in short supply due to demand far exceeding the combined production capacity of all memory-chip makers. This has caused prices to skyrocket, benefiting Micron and its peers. <\/p>\n Micron hasn’t sat idle and let this supply-demand imbalance fuel its profits. Instead, it’s working on building new production facilities that will come online sometime in 2027 and 2028. However, Micron also believes that the tightness in the memory chip market won’t be alleviated before 2028, leaving plenty of time for investors to profit from its shares. <\/p>\n Micron’s stock is very cheap right now — it trades for a mere 6 times fiscal year 2027 earnings — because the market doesn’t know what its future holds. However, once elevated prices and demand in excess of supply are confirmed for a longer period, the stock could start soaring. Based on its current bargain price tag, Micron’s a stock well worth buying right now.<\/a> <\/p>\n Last is Amazon, which may not be at the top of an AI investor’s list, but it should be. Amazon is spending big on its cloud computing division, Amazon Web Services (AWS), with up to $220 billion in capital expenditures this year. The heavy investments it has been making in infrastructure are starting to deliver revenues and earnings, as AWS’ growth rate is accelerating. <\/p>\n In Q1, AWS grew at a 28% pace. In Q2, that figure increased to 37% year-over-year growth. As more computing power comes online, this growth rate will continue to accelerate. <\/p>\n With AWS making up 60% of Amazon’s operating income in Q2 versus just 21% of revenue, this accelerating growth rate will push Amazon’s profits higher at a quicker rate than revenue. I think this outcome will push Amazon’s stock higher over the next few years, making right now an excellent time to invest in Amazon stock before the market catches on to this growth rate trend. <\/p>\n Should you buy stock in Nvidia right now? <\/p>\n Before you buy stock in\u00a0Nvidia, consider this: <\/p>\n The Motley Fool\u00a0Stock Advisor\u00a0analyst team just identified what they believe are the\u00a010 best stocks<\/a>\u00a0for investors to buy now\u2026 and\u00a0Nvidia\u00a0wasn’t one of them.\u00a0The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. <\/p>\n Consider when\u00a0Netflix\u00a0made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation,\u00a0you’d have $437,097!*\u00a0Or\u00a0when\u00a0Nvidia\u00a0made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation,\u00a0you’d have $1,355,077!* <\/p>\n That performance is why people listen. With a track record of\u00a0beating the S&P 500 by nearly 5x,\u00a0Stock Advisor\u00a0offers a distinct advantage. Don’t miss the latest top 10 list, available with\u00a0Stock Advisor, and join an investing community built for the long haul. <\/p>\n See the 10 stocks \u00bb<\/a> <\/p>\n *Stock Advisor returns as of September 1, 2026. <\/p>\n Keithen Drury<\/a> has positions in Amazon and Nvidia. The Motley Fool has positions in and recommends Amazon, Micron Technology, and Nvidia. The Motley Fool has a disclosure policy<\/a>. <\/p>\n<\/a> Image source: Getty Images. Nvidia <\/p>\n
<\/a> MU PE Ratio (Forward 1y)<\/a> data by YCharts.<\/a> Amazon <\/p>\n