Buy these AI stocks to capture the growth momentum

With AI becoming the world’s new growth engine, these global powerhouses are the ones fuelling it by building the infrastructure and intelligence that define the next decade of tech dominance.

Best ASX AI stocks

Micron Technology Inc (NASDAQ: MU) 

Oracle Corporation (NYSE: ORCL) 

Alphabet Inc (NASDAQ: GOOGL) 

NVIDIA Corporation (NASDAQ: NVDA) 

Micron Technology Inc (NASDAQ: MU) 

had a record breaking FY25 showing how fast it’s growing in the AI based memory and storage space.
The company made total revenue of around US$37.4 billion for the year, which is 49% higher than FY24. Its net income came to about US$8.54 billion and operating cash flow jumped to US$17.5 billion which is more than double from last year.
Micron now expects Q1 FY26 revenue near US$12.5 billion with margins crossing 50% as AI adoption keeps rising.
The Cloud Memory division was the biggest gainer, its revenue almost tripled to US$4.5 billion thanks to workloads from large language models and GPU systems. Company also declared a quarterly dividend of US$0.115 per share. 
With liquidity of about US$11.9 billion and US government support for expansion, Micron is well placed to capture value in this new age technology revolution.

Oracle Corporation (NYSE: ORCL) 

kept pushing towards a cloud-first model, with Q1 FY26 revenue growing 12% year on year to about US$14.93 billion. Around 48% of total revenue now comes from its cloud side. Cloud revenue jumped 28% to US$7.19 billion mainly because Oracle Cloud Infrastructure (OCI) grew 55% this year helped by rising AI workloads and more companies shifting to Oracle systems.
Operating income went up to US$4.28 billion while net income stayed around US$2.93 billion. Oracle now has an impressive US$455 billion worth of remaining performance obligations. It also declared a quarterly dividend of US$0.50 per share.
During the quarter, Oracle expanded AI tie-ups with NVIDIA and Cohere and also announced US$99.8 billion worth of new data centre lease deals to handle the rising AI infrastructure demand. 
With around US$10.45 billion cash in hand and a recurring revenue business model, Oracle looks set to play a major role in the AI and global enterprise cloud market.

NVIDIA Corporation (NASDAQ: NVDA) 

once again showed why it’s leading the global AI chip race. For the quarter ended 27 July 2025, the company reported record revenue of about US$46.7 billion, which is 55% higher than the same quarter last year and the main reason behind this huge jump is the growth in its data center business.
Net income for the quarter touched US$26.4 billion which is up 59% year on year and gross margin improved to 72.4%, showing strong demand for its Blackwell and Hopper GPU chips. 
During the quarter, NVIDIA also bought back US$9.7 billion worth of shares and paid a small dividend of US$0.01 per share, showing confidence in future earnings. NVIDIA stays as the clear backbone of the AI world from powering data centers, self driving systems and generative AI tools all over the globe.

Alphabet Inc (NASDAQ: GOOGL) 

posted another solid quarter for ending june 30 2025. Its total revenue went up 14% year on year to about US$96.4 billion while Net profit increased 19% to US$28.2 billion with diluted EPS of US$2.31 and operating profit also grew 14% to US$31.3 billion. 
The cloud business did very well with operating income more than doubling to US$2.8 billion showing big progress in enterprise AI and infrastructure side. Alphabet announced a quarterly dividend of US$0.21 per share. 
With cash and securities of over US$95 billion it stays among the richest companies in the world. Its strong revenue growth, huge AI push and rising cloud margins shows how Alphabet is fast becoming a leading global digital infrastructure player.

(Source: Company Reports)