The AI infrastructure trade has minted new leaders in 2026, and three names sit right in the middle of the buildout: memory, servers, and the systems integrator stitching it all together.
Below, I lay out how Micron Technology (NASDAQ:MU | MU Price Prediction), Super Micro Computer (NASDAQ:SMCI), and Dell Technologies (NYSE:DELL) could keep running into 2027.
Micron: A Path to $1,600
Micron shares are up 207.67% year to date to $877.57, powered by an HBM cycle CEO Sanjay Mehrotra says reflects “the strategic value of memory in the AI era.”
Fiscal Q3 revenue hit $41.46 billion, up 345.7% year over year, with non-GAAP EPS of $25.11 extending the beat streak to 7 consecutive quarters. Guidance calls for $50 billion in Q4 revenue. At a forward P/E of 5, Micron is priced for a peak that HBM4 volume shipments and 2027 HBM4E ramps could push out further.
Wall Street’s consensus target sits at $1,507.79. A stretch to $1,600 would represent meaningful upside from here, achievable if the multi-year Strategic Customer Agreements hold pricing through the next node transition.
Super Micro: A Path to $50
Super Micro is the wild card. Shares trade at $31.13, up just 6.35% YTD after a brutal 33.3% one-year drawdown tied to the export-control review.
Yet Q3 FY26 revenue still grew 122.7% to $10.24 billion, and GAAP gross margin rebounded to 9.9% from 6.3%. CEO Charles Liang calls the shift into a “total datacenter infrastructure provider” the core thesis, backed by more than $13 billion in Blackwell Ultra orders and full-year FY26 guidance of $38.9 billion to $40.4 billion.
Wall Street’s target is $37.81. At a forward P/E near 9, a re-rating toward $50 is achievable with clearance of the audit overhang and continued DCBBS traction.
Dell: A Path to $600
Dell has been the surprise of 2026, ripping 263.82% YTD to $453.77.
Q1 FY27 revenue jumped 87.54% to $43.84 billion, AI-optimized server revenue surged 757% to $16.13 billion, and non-GAAP EPS of $4.86 beat consensus by 63.99%. Management booked $24.40 billion in AI orders in a single quarter and raised FY27 revenue guidance to $165 billion to $169 billion.
Consensus target sits at $502.78. Applying the current forward P/E of 22 to the $17.90 FY27 EPS midpoint gets you within striking distance of $600, especially if the $43 billion backlog converts on schedule.
The Bottom Line
None of these targets are guaranteed. Micron faces heavy capex, Super Micro carries an audit cloud and $8.8 billion in debt, and Dell’s margins compress as AI mix rises. But with AI infrastructure demand intact and estimates still climbing, the blueprint for another leg higher in 2027 is clearly visible.
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