Zacks Investment Ideas feature showcases: NVIDIA, Tesla, Micron, Nebius, and IREN

Press Release

Chicago, IL – March 24, 2026 – Zacks Investment Ideas spotlights several leading companies in the AI and technology sector, including NVIDIA (NVDA), Tesla (TSLA), Micron (MU), Nebius (NBIS), and IREN.

The AI Surge: More Growth Ahead

When navigating the rapidly evolving world of artificial intelligence, it pays to heed the insights of industry leaders. Jensen Huang, CEO of NVIDIA, has an impressive track record of forecasting trends and driving wealth creation. Last year, Huang anticipated the transition of AI from the "Generative" era (think chatbots like Gemini and ChatGPT) to the "Agentic" era, characterized by autonomous agents such as OpenClaw.

Agentic AI: Unlocking Massive Value

Huang refers to the current shift as the "Agentic Inflection Point," where software evolves from simply responding to queries to autonomously managing complex, human-like tasks—such as handling emails or customer service without human intervention. He sees this as a multi-trillion-dollar opportunity, with businesses deploying countless AI agents to streamline everything from support to software development.

Looking ahead, Huang predicts that within a few years, every manufacturing company will integrate robotics, with humanoid robots boosting productivity and reducing expenses. Elon Musk shares this vision, expecting Tesla’s Optimus robot to become a top-selling product, and foreseeing a future where humanoid robots are as common as humans.

For companies in the AI space, this means demand for computing power and infrastructure will only intensify. Zacks Consensus Estimates project that Micron, a key supplier of storage technology for AI, could see its quarterly earnings multiply fivefold year-over-year, and quadruple for the full year 2026.

Wall Street analysts also anticipate that infrastructure providers like Nebius and IREN will achieve triple-digit revenue growth over the next two years. Meanwhile, investment in generative AI remains robust—OpenAI and Anthropic now approach $500 billion in valuation after recent funding rounds. The momentum from these developments is expected to fuel further growth in the AI sector.

Historical Patterns Indicate Early Stages for AI

The late 1990s internet boom offers a useful comparison for today’s AI revolution. Following Netscape’s IPO in 1995, the Nasdaq surged 90% in three years, faced a brief setback, then soared to a 402% gain. Similarly, since ChatGPT’s launch, the Nasdaq has climbed 90% in three years, with some recent volatility. If history is any guide, there may be significant upside ahead.

Tech Stocks Remain Undervalued

Despite recent advances, technology shares are still attractively priced. The QQQ ETF currently trades at a forward price-to-earnings ratio of 21.95, a far cry from the over 100x seen at the peak of the 2000 dot-com bubble.

No Signs of Market Excess

Market bubbles typically burst when investor optimism reaches extremes. At present, the U.S. stock market shows little evidence of speculative excess. For example, there were 446 IPOs in 2000, compared to an expected 120 in 2026. Investor sentiment is cautious, with the latest AAII survey showing bearish views outnumbering bullish ones by 52% to 30.4%—the sixth straight week of bearish dominance.

Key Takeaways

The intersection of Agentic and physical AI suggests that concerns about an AI bubble may be premature. While some point to recent market fluctuations as a warning sign, historical data and current trends indicate continued potential for growth.

Unlock Zacks' Top Strategies for Free

Since 2000, Zacks’ leading stock selection strategies have consistently outperformed the S&P 500’s average annual gain of 7.7%, delivering impressive average returns of +48.4%, +50.2%, and +56.7% per year.

Access these proven strategies and discover high-potential stocks—completely free and with no obligation.

AI’s Next Chapter: Opportunities Beyond Nvidia

The AI sector has already generated significant wealth, but the most well-known companies may not offer the largest gains going forward. Emerging AI firms addressing major global challenges could present even greater opportunities in the near future.

• Micron Technology, Inc. (MU): Free Stock Analysis Report
• NVIDIA Corporation (NVDA): Free Stock Analysis Report
• Tesla, Inc. (TSLA): Free Stock Analysis Report
• IREN Limited (IREN): Free Stock Analysis Report
• Nebius Group N.V. (NBIS): Free Stock Analysis Report