2 Ridiculously Cheap AI Stocks That Could Turn $1,000 Into at Least $5,000 by 2028

These AI infrastructure stocks have multibagger potential.

Apr. 9, 2026 at 5:23pm

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An extreme close-up of a complex array of metallic AI server components and cooling systems, dramatically lit against a dark background, conceptually representing the technological backbone of the artificial intelligence industry.AI infrastructure stocks offer investors a chance to capitalize on the growing demand for computing power to power the next generation of intelligent technologies.NYC Today

Artificial intelligence (AI) stocks have been posting outstanding revenue and earnings growth, but their stock prices have been under pressure due to macroeconomic and geopolitical factors. This presents an opportunity for investors to buy top AI stocks at attractive valuations. The article highlights two such stocks - Micron Technology and CoreWeave - that could potentially turn a $1,000 investment into at least $5,000 by 2028.

Why it matters

AI stocks have been growing rapidly, but their stock prices have not fully reflected this growth due to various market factors. Investing in undervalued AI infrastructure stocks like Micron and CoreWeave could provide significant upside potential for investors willing to take advantage of the current market conditions.

The details

Micron Technology has reported blowout quarterly results, with revenue almost tripling and earnings surging 682% year-over-year. However, the stock has retreated 30% since the report due to concerns about capital expenditures and margin improvements. At current valuations, Micron appears underpriced, trading at just 7.6 times forward earnings. The strong demand for AI-related memory chips is expected to keep supply tight, benefiting Micron. CoreWeave, an AI data center provider, is also trading at an attractive valuation of 7 times sales, despite rapidly growing its revenue and customer base. The company is aggressively expanding its data center capacity to meet the growing demand from hyperscalers and AI companies.

  • Micron reported its blowout Q2 2026 results on March 18.
  • CoreWeave's annual revenue grew 168% to $5.1 billion in the fourth quarter.
  • CoreWeave aims to increase its active data center capacity to 3,100 megawatts by the end of 2027.

The players

Micron Technology

A memory chip manufacturer that has reported strong revenue and earnings growth, driven by the demand for AI-related memory chips.

CoreWeave

An AI data center provider that is rapidly expanding its infrastructure to meet the growing demand from hyperscalers and AI companies.

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What’s next

Investors should closely monitor the progress of Micron and CoreWeave in the coming years, as their ability to capitalize on the growing demand for AI-related infrastructure will be crucial to their long-term success.

The takeaway

The current market conditions present a unique opportunity for investors to buy into top AI infrastructure stocks like Micron and CoreWeave at attractive valuations, with the potential for significant upside in the next few years.