MU, META, and NVDA: Micron, Meta, and Nvidia Are ‘Top Undervalued AI Leaders,’ Says Freedom Capital

Analysts at Freedom Capital are doubling down on the “Big Three” of tech. Despite the massive rallies of the past year, the firm argues that Meta Platforms META +2.33% ▲ , Nvidia NVDA +1.65% ▲ , and Micron MU +3.68% ▲ are “preposterously” undervalued when measured against their 2027 earnings potential.

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Micron Stock: The Road to $50 EPS

As Micron prepares to report its Q2 FY26 results tomorrow, March 18, Freedom Capital expects them to “smoke the Street’s estimates.” Wall Street expects Micron to report Q2 FY26 earnings per share (EPS) of $8.74, indicating a massive 460% year-over-year growth. Meanwhile, revenue is expected to rise 136% to $19.03 billion.

The firm said Micron could see a sharp jump in earnings as the memory cycle improves, with annual earnings per share potentially reaching around $50 at the peak.

Despite the stock’s strong run over the past year, the firm still sees upside and suggests investors continue to hold the stock.

Meta Stock: Efficiency Cuts and AI Prospects Drive Bullish Outlook

Freedom Capital said investors should look past concerns around Meta’s heavy AI spending and delays tied to its next model, “Avocado.” The firm believes the long-term opportunity remains strong.

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It pointed to Meta’s scale as a key strength, with four platforms each serving more than 2 billion users, giving the company a strong base to grow and monetize over time.

The firm also expects Meta to improve efficiency if needed. Reports of potential job cuts could help reduce costs, similar to the company’s 2023 “Year of Efficiency,” which supported margins.

Nvidia Stock: AI Demand Remains Strong

Freedom Capital also remains positive on Nvidia, saying demand for AI infrastructure is still strong and unlikely to slow in the near term. The firm pointed out that large tech companies continue to invest heavily in AI, supporting steady demand for Nvidia’s chips and systems. This trend is expected to continue as more businesses move from testing AI to using it in real-world applications.

It also highlighted Nvidia’s recent investments in companies such as Nebius NBIS +14.96% ▲ and CoreWeave CRWV +5.86% ▲ , which show how the company is expanding its reach across the AI ecosystem.

These deals help strengthen Nvidia’s position at the center of the growing AI market.

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