With November arriving, it’s time for investors to start thinking more about 2027. This is the time of year when big funds start thinking about the same thing, and you can see some sizable moves in some stocks.
This year, I believe some artificial intelligence infrastructure stocks will be big movers since they haven’t been very strong lately. The market isn’t viewing massive AI spending positively right now. Regardless of whether you like AI spending, there’s not much anyone can do about it. All the big tech companies have stated that it’s far more important to overspend than underspend.
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Several companies will benefit thanks to AI spending, and the bets among them are Nvidia (NASDAQ: NVDA), Broadcom (NASDAQ: AVGO), Taiwan Semiconductor (NYSE: TSM), and Micron (NASDAQ: MU). These four are genius stocks to buy in November, and investors should take full advantage of their attractive prices today.
These four all expect strong growth in 2027
These four stocks split into two categories: chipmakers and designers. On the design side, Nvidia and Broadcom both design AI computing units, although they don’t manufacture them. That work is farmed out to different firms, with some chip fabrication work going to TSMC and Micron.
Nvidia and Broadcom make two different styles of computing units. Nvidia makes graphics processing units, which are great for broad-purpose computing situations. Many AI workloads are run on Nvidia GPUs, and they have become the most widely used computing unit in the AI computing realm.
Broadcom is taking a different approach. Instead of competing with Nvidia head-to-head, it’s partnering directly with AI hyperscalers to build custom AI computing units that are tailored to their needs. This can create a more cost-effective computing unit that produces impressive results in common scenarios.
Both computing units are valid for use in AI, and one won’t replace the other. Each also expects significant AI growth in 2027, with Nvidia estimating 70% growth and Broadcom’s AI segment revenue doubling. That’s a strong outlook for these two, but major growth for Nvidia and Broadcom also translates into huge growth for Micron and Taiwan Semiconductor.
These two supply computing chips: Taiwan Semiconductor focuses on logic chips, and Micron on memory chips. Both are required for their computing units, and with strong demand for AI computing power persisting next year, they’re poised to capitalize on the same growth.
However, the memory chips industry doesn’t have enough production capacity to meet demand, so it will have a better year than TSMC. However, TSMC is no slouch, and Wall Street analysts’ estimate of nearly 40% growth next year shows that.
While these stocks are expected to see huge growth next year, not much of that growth is priced in, which makes them attractive buys in November.
These stocks are all fairly cheap
If we’re looking at these stocks through a lens of what will happen in 2027, then using next year’s earnings estimates is the smart thing to do. Micron is already operating in its fiscal year 2027, and it’s priced at a dirt-cheap 5.3 times forward earnings.
MU PE Ratio (Forward) data by YCharts
That’s a steal for a stock that’s bound to benefit like Micron is, and I believe 2027 could be a monster year for it.
Taiwan Semiconductor, Nvidia, and Broadcom are all cheap. However, Nvidia takes the cake for the cheapest of this trio.
NVDA PE Ratio (Forward 1y) data by YCharts
While Nvidia is by far the cheapest, the others aren’t expensive at all. I believe this means that all of these stocks will provide market-crushing returns in 2027, making them smart buys now.
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Keithen Drury has positions in Broadcom, Micron Technology, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends Broadcom, Micron Technology, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.
