Chip stocks posted historic Q2 gains as investors broadened AI portfolios beyond Nvidia, adding a combined $2 trillion in market value to Micron, Intel, and AMD.

Investors are betting on Micron as a major AI-related beneficiary, positioning the US memory chipmaker as a potential rival to Nvidia's market dominance.

CNBC says SK Hynix and Micron topped $1 trillion in market value as AI demand fueled the memory-chip rally.

Micron’s market value crossed $700 billion as demand for memory used in AI chips continued to fuel semiconductor gains.

Micron Technology has commenced high-volume production of HBM4 memory chips for NVIDIA's next-generation Vera Rubin GPU, positioning the company at the center of an AI-driven memory shortage that analysts project could last until 2030, while Micron's revenue nearly tripled year-over-year.

Nvidia, Micron, and Taiwan Semiconductor surpass Wall Street expectations as AI adoption accelerates beyond analyst predictions.

While Nvidia dominates the AI chip market, Wall Street analyst Beth Kindig has named Micron Technology her top AI chip stock for 2026. The company's critical high-bandwidth memory (HBM) is becoming essential for handling the massive data demands of AI workloads.