U.S. stocks ripped more than 15% higher in the second quarter of 2026. For retirees and those who remain fully invested in the idea that this bull market can continue for some time, that’s great news.
However, there are obvious concerns that are starting to bleed through to lower valuations from some of the highest-flying stocks in the market. Whether we’re talking artificial intelligence (AI) stocks, or a range of other tech-focused firms, it’s true that a potential glut of semiconductors and compute floating around the market isn’t great for the underlying growth story supporting the entire market.
Right now, I think these factors are reason enough for some investors to want to look at pumping the brakes before the proverbial top (though timing the stock market is pretty much impossible to do).
While I keep putting capital to work in the market, I certainly feel many of these concerns. With that in mind, let’s dive into three of the top stocks in the market I think are still not only investable, but could have a long way to run from here over time.
Micron Technology (MU)
One of my top picks in the past, Micron Technology (NASDAQ:MU | MU Price Prediction) has blown away my expectations.
The memory chip maker has absolutely skyrocketed over the past year (just check out the chart above). Now up more than 700% over the past 12 months (even more impressive, given the stocks -8% return over the past month), Micron’s outlook is among the best in the market right now.
Indeed, I think there’s good reason why many investors think of Micron as the cleanest pure-play memory stock in the group, and it has become one of the most interesting AI beneficiaries in the market. The company’s recent earnings showed just how powerful the demand cycle has become. Micron reported fiscal Q2 2026 revenue of $23.86 billion, with gross margin reaching 74% and net income of $13.79 billion. Those are not the numbers of a commodity memory company struggling through a down cycle. Rather, they are the numbers of a business with real pricing power.
Indeed, I think the bullish case for Micron is straightforward. As AI servers require more high-bandwidth memory, and the supply of that memory remains tight, Micron’s fundamentals appear poised to continue to improve.
Of course, there are plenty of questions around how long this surge can continue. At some point, there will be some sort of decline in Micron’s top and bottom line growth rate. That said, I’m not going to be one to try to time when the party will end. After all, investors are clearly enjoying themselves right now.
Marvell Technology (MRVL)
Marvell Technology (NASDAQ:MRVL) is a different kind of AI winner, but one that’s certainly garnered quite the following around Wall Street and Main Street both.
I view Marvell as one of the best infrastructure plays in the sector, focusing on custom silicon and networking over memory. Indeed, investors looking to take a diversified view of “picks and shovels” plays within the AI mania can happily own both Micron and Marvell to cover their bases.
I’d argue that the AI boom isn’t about training models. It’s also about connecting chips, moving data, and providing ultra-efficient massive systems intact. Marvell is the company that does all that.
I think Marvell’s customer relationships and product mix (with most mega-cap tech stocks as its clientele) provides Marvell with one of the strongest positioning advantages in this space. And while there are other smaller AI vendors that could try to chip away market share, there is something to be said about the moat Marvell has built over the years.
With a strong revenue ramp expected to continue well into 2027, and no signs of slowing, Marvell’s 230% surge over the past year is one I think could certainly continue for some time to come.
Broadcom (AVGO)
For investors looking for perhaps a more balanced way to play the AI surge, Broadcom (NASDAQ:AVGO) is an excellent pick, in my books.
The company offers AI exposure through custom chips and networking, while also benefiting from its highly profitable software business. That gives Broadcom a different risk profile from a pure memory stock like Micron, and arguably a more durable one. Broadcom does not need the same level of pricing volatility to work in a portfolio. That’s because it already has a stronger cash-flow base and a more diversified earnings engine.
That diversification matters now, because if investors keep worrying that compute capacity is outrunning demand, Broadcom may be better positioned than some peers because it is not dependent on one narrow product cycle. The company’s AI-related upside is still meaningful, but it comes with a more stable earnings foundation underneath. That combination is often what the market rewards when sentiment gets more selective.
So yes, the bear case for tech is real. The sector is facing valuation pressure, overcapacity concerns, and growing skepticism around whether AI spending will translate into enough near-term returns. But the strongest names are still proving their worth. Micron, Marvell, and Broadcom each have a credible path to outperforming over the year ahead, and each is supported by real earnings power rather than just AI hype.
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